Optical networking specialist Finisar
The company is following much the same trends as larger rival JDS Uniphase
First-quarter sales grew 10.3% sequentially and 61.5% year-over-year to land at $208 million. That growth outpaces even JDS, and that comparison is all the more impressive because Finisar sold a small unit to JDS during the year in question. GAAP earnings increased from a $0.18 loss per share last year to $0.24 per share of profits this time. Sales, margins, and earnings all posted company records.
And the good times will keep rolling. Finisar's order backlog is another record-setting measure, and the book-to-bill ratio is "comfortably" over the crucial 1.0 mark. As long as people keep buying data-hungry smartphones and watching bandwidth-hogging high-def videos in digital formats, Finisar and its optical brethren will keep on rocking. I don't see an end to either of those trends in the foreseeable future.
Finisar is merely a three-star CAPS stock today, but less than nine months removed from a top-of-the-line five-star rating. Scoot over to CAPS to voice your opinion on Finisar -- or any other stock -- in just a couple of clicks.