FNSR - Sector: Technology - Industry: Communications Equipment

[Nightbreed]

I am still in and will sell if it reaches the $4 today.

I have bought more the past couple of months/weeks and am on an average of 2.14.

gr N

[snowcat]

Thank you Dave!!! - gotta be a little patient with them! 

company that I own. (got it from 3 Stcoks on fire) up 27% pre- market (I'm already up 25% on this one)

http://tools.thestreet.com/tsc/quotes.html?pg=qcn&symb=fnsr

Finisar (nasdaq: FNSR - news - people ) jumped 15% in the extended trading session, after the company posted a surprise profit for the third quarter. The maker of fiber-optic network systems reported earnings of 3 cents per share, on a non-GAAP basis, and sales of $93.5 million. Wall Street expected Finisar to report break-even income on revenue of $90 million. On Dec. 2, RBC Capital Markets said Finisar could gain additional business, specifically with Cisco Systems (nasdaq: CSCO - news - people ) due to Agilent Technologies' (nyse: A - news - people ) sale of its chip unit, which includes Agilent's optical business. The firm maintained a "sector perform" rating on the stock on Dec. 2. "We continue to believe the ultimate direction of Agilent's optical division will be a key catalyst for Finisar shares over the next 12 months

and upgraded
Finisar, which makes fiber-optic systems for high-speed data networks, said it swung to a third-quarter profit of $8.3 million, or 3 cents a share, from a year-earlier loss of $33 million, or 15 cents a share. Excluding certain items, earnings also were 3 cents a share, compared with a year-earlier loss of 4 cents a share. Analysts polled by Thomson First Call expected roughly break-even results on this basis. Revenue for the quarter ended Jan. 31 jumped to $93.5 million from $73.1 million. Two analysts had an average estimate for revenue of $90.2 million. Finisar also benefited from improved gross margins, which rose to 38.8% from 29.8% a year earlier. Shares traded up 44 cents after hours to $3.35.

[lalitha0]

What a chart!

AP
Finisar Shares Surge After 3Q Results
Friday March 3, 1:51 pm ET
Finisar Shares Skyrocket After 'Blowout' Third-Quarter Results

NEW YORK (AP) -- Shares of Finisar Corp. soared 45 percent to their highest level in more than two years after the maker of fiber-optic network equipment posted a better-than-expected profit in its third fiscal quarter following a year-ago loss.

Click Here
"Finisar delivered a blowout fiscal third quarter, with strong quarter-over-quarter revenue growth, which when combined with a sequential improvement in margins, resulted in a huge surge in profitability," wrote Needham analyst John Harmon in client note upgrading the company to "Strong Buy" from "Buy," and doubling his price target to $6.

On Thursday, the Sunnyvale, Calif.-based company said Thursday it swung to a profit of 3 cents per share for the quarter, above Wall Street's estimates of breakeven results, as expenses declined and sales climbed past the company's guidance. A year ago in third quarter, Finisar reported a loss of 15 cents per share, or a loss of 4 cents a share excluding items.

The quarter's surge in profitability, Harmon wrote, has been more than three years in the making, including when the company took "controversial steps" such as acquiring an offshore facility and buying its own fab and laser supplies.

Shares jumped $1.31, or 45 percent, to $4.22 in afternoon trading on the Nasdaq, to their highest in more than two years. The stock has traded between 70 cents and $2.97 in the past 52 weeks, and hasn't closed above $4 since January 2004.

Harmon raised his fiscal 2006 estimates to 3 cents per share on sales of $362 million, from his prior estimate of a penny-per-share loss on sales of $353 million. Analysts, on average, are expecting a loss of a penny per share on sales of $352.2 million, according to a Thomson Financial poll.

For 2007, the analyst said he now expects earnings of 16 cents per share on sales of $434 million, compared with a prior view of 8 cents per share on revenue of $413 million. On average, analysts are looking for earnings of 7 cents per share on revenue of $409.9 million.

RBC Capital Markets analyst Thomas Curlin maintained a "Sector Perform" rating on the company, and boosted his target price to $3 from $1.50.

Finisar, he wrote in a client note, stands to benefit from "more favorable optics market currents," brought on in part by the spinoff of Agilent Technologies Inc.'s semiconductor operations.

[Terliso]

FNSR is a rocket!!!!

[fous]

Breaking out to new highs today! FNSR is a screamer!

-fous

[snowcat]

cRAMER said on his radio show that the stock is due for a pullback.  since he was the fuel that re-ignited this stock, he is cooling it off today.

http://www.thestreet.com/_yahoo/funds/realmoneyradiowrap/10274083.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

It is due for  a pullback

[mexirafa]

Hello,

Is FNSR forming a kind of ascending triangle or is just forming a new base. The 50MA provides a nice support below these candles. By looking at the weekly chart, the risk-reward ratio suggests nice profits once it successfully breaks the 5.25 area. The BOP is nice and green.

One of my concerns is the insider selling that has been going on since the beginning of the year. I am afraid this could keep the stock just hanging around the same prices. I was thinking to place an order once it breaks the resistance.

any ideas??

thank you in advance for any input.
rafael
p.s. Cramer has been pumping this stock for a while..

[Leaira]

I bought at 4.98 this afternoon.  It looks like it wants to bounce off the 13-EMA on a bullish flag formation.

Leaira

[REALDEALS21]

Ready to be bought again ?? 

[setravis]

FINISAR CORP (NasdaqGS:FNSR) Delayed quote data 

Pre-Market (RT-ECN): 3.20  0.17 (5.61%)


Press Release Source: Finisar Corporation


Finisar Awarded Additional Damages in Patent Infringement Case Against DIRECTV
Friday July 7, 7:00 am ET


SUNNYVALE, CA--(MARKET WIRE)--Jul 7, 2006 -- Finisar Corporation (NASDAQ:FNSR - News), a technology leader in gigabit fiber optic solutions for high-speed data networks, today reported that it has been awarded additional post-verdict damages by a federal district court against the DIRECTV satellite television company in a patent infringement case.


As previously reported, a Beaumont, Texas jury rendered a decision on June 23, 2006 that found DIRECTV and its affiliated companies were directly, literally and willfully infringing upon Finisar's information transmission patent and awarded a $78.9 million verdict in back damages to Finisar. On July 6, 2006, the court determined that, due to DIRECTV's willful infringement, those damages would be enhanced by an additional $25 million. Further, the court awarded Finisar prejudgment interest on the jury's verdict in the amount of 6% compounded annually from April 4, 1999 (which currently totals about $12 million) and, although denying an injunction, the court ordered DIRECTV to pay a compulsory ongoing license fee to Finisar at the rate of $1.60 per set-top box through the duration of the patent which expires in April 2012. In court testimony, DIRECTV's damages expert estimated its 2006 sales of new set-top boxes at 15 million units.

At issue in the case was Finisar's U.S. Patent No. 5,404,505 (the '505 patent). The methods found within the '505 patent were invented by Finisar's co-founder, Dr. Frank Levinson, who filed a patent application in 1991. The patent addresses unique ways to transmit and broadcast digital information to a wide base of subscribers.

The case, Finisar Corporation v. DIRECTV, et al, Docket No. 1:05-cv-264, was filed in the United States District Court for the Eastern District of Texas, Beaumont Division. Judge Ron Clark presided over the trial.

SAFE HARBOR UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding Finisar's expectations, beliefs, intentions, or strategies regarding the future. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These risks include those associated with the ongoing legal proceedings related to the '505 patent litigation such as post-judgment motions and appeals, if any, as well as technological and commercial developments in the rapidly evolving satellite transmission industry. Further information regarding these and other risks relating to Finisar's business is set forth in Finisar's Annual Report on Form 10-K and other interim reports as filed with the Securities and Exchange Commission.

ABOUT FINISAR

Finisar Corporation (NASDAQ:FNSR - News) is a technology leader for fiber optic components and subsystems and network test and monitoring systems. These products enable high-speed data communications for networking and storage applications over Gigabit Ethernet Local Area Networks (LANs), Fibre Channel Storage Area Networks (SANs), and Metropolitan Area Networks (MANs) using Fibre Channel, IP, SAS, SATA and SONET/SDH protocols. The Company's headquarters is in Sunnyvale, California, USA. www.finisar.com.

Contact:
     Contact:
     Steve Workman
     Chief Financial Officer
     408-548-1000
     
     Investor Relations
     408-542-5050
     Email Contact
--------------------------------------------------------------------------------
Source: Finisar Corporation

[dhiraj19]

Is anyone watching FNSR? Today at 3.70.

[sebfr]

Hi,

Possible sell...

[REALDEALS21]

Shorts have been covering since the 3.45 level !

[akclide]

I believe FNSR is ready to pop.MA are crossing over.It has filled one gap and is ready to fill the other.Picking up some steam last few days

[fous]

Funny to look at my ghetto charting from a year ago when i started this thread hehe 
Boy have i leaned a lot since then 

anyways, I decided i was gonna buy FNSR yesterday after looking at the chart and forcasted growth. Then we got some extra news this morning which will probably give FNSR a nice kick in the butt to get some volatility goin.

Finisar Achieves Industry Milestone: 50 Million VCSELs Shipped
Tuesday October 10, 5:00 am ET

Market Leader Has Shipped More Units in the Data Communications Market Than All Other Manufacturers Combined; CEO Honors Valued Customer and Employees at Facility Expansion Ceremony in Allen, Texas

ALLEN, TX--(MARKET WIRE)--Oct 10, 2006 -- Finisar Corporation (NASDAQ:FNSR - News), a technology leader in gigabit fiber optic solutions for high-speed data networks, today announced the shipment of its 50 millionth vertical-cavity surface-emitting laser, or VCSEL. Finisar's VCSELs, manufactured by the company's Advanced Optical Component (AOC) division, are semiconductor lasers used by some of the world's largest companies to power high-speed fiber optic data communications. The company marked this industry milestone by honoring HP -- the recipient of the 50 millionth VCSEL -- at a ribbon-cutting ceremony held today at Finisar's newly renovated optics manufacturing facility in Allen, Texas [see separate press release, http://www.marketwire.com/mw/release_html_b1?release_id=170301].

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"Finisar's Advanced Optical Component division is the leading VCSEL supplier to the communications industry so there's no company better suited to take this technology into the new era," said Jerry Rawls, chairman of the board, president and CEO, Finisar. "While we are certainly proud of the number of VCSELs Finisar has shipped worldwide, we are perhaps most proud of the quality and reliability of the product itself. This achievement not only demonstrates Finisar's leadership position in the VCSEL market, but also serves as an example of the growing ubiquity of fiber optics in our data networks."

Explosive bandwidth demands for new applications -- including IPTV, IP Video, video over wireless networks and HDTV -- combined with the global adoption of Fibre Channel and Ethernet standards have driven VCSEL demand to record levels. Finisar VCSELs are deployed by its customers for numerous data communication applications and hold great promise for being used in consumer electronics, position-sensing and automotive applications. Finisar VCSELs deliver superior reliability, low drive current, high coupled power, narrow and circularly symmetric beam and versatile packaging options, including arrays.

"This is an extraordinary achievement for Finisar," said Edward Flynn, Director of SAN Infrastructure, StorageWorks Division, HP, who was on hand to receive the 50 millionth VCSEL from Finisar CEO, Jerry Rawls. "We continue to be impressed with the quality and performance of Finisar's optical products, which help enable us to deliver secure and reliable storage networking solutions to our customers."

...

Finisar Unveils New Manufacturing Plant in Texas
Tuesday October 10, 5:00 am ET

Eighteen Acre, State-of-the-Art Production Facility Constructed to Feed Increasing Demand for Advanced Fiber Optics; Allen, Texas Mayor Joins Finisar CEO at Ribbon-Cutting Ceremony

ALLEN, TX--(MARKET WIRE)--Oct 10, 2006 -- At a ribbon-cutting ceremony held today in Allen, Texas, Finisar Corporation (NASDAQ:FNSR - News), a technology leader in gigabit fiber optic solutions for high-speed data networks, unveiled its newly expanded, state-of-the-art fiber optics manufacturing facility. Hundreds of attendees were on hand to take part in the unveiling, including Finisar chairman, president and CEO Jerry Rawls, Allen, Texas Mayor Steve Terrell, Finisar employees, customers and select members of the press. Spanning eighteen acres within the Millennium Technology Park in Allen, the 160,000 square foot building features metalorganic chemical vapor deposition (MOCVD) reactors and automated assembly for Vertical Cavity Surface Emitting Lasers (VCSELs).

"We are extraordinarily proud of our employees in Texas and around the world who have worked so hard to make this expansion possible," said Jerry Rawls, chairman of the board, president and CEO, Finisar. "Finisar's legendary passion for performance combined with this newly expanded, state-of-the-art facility will enable us to power more of our customers' new and exciting technology applications, including video on demand, HDTV and mobile computing."

The Allen manufacturing site currently employs over 300 employees and ships hundreds of thousands of laser and sensor products each week. Finisar invested more than $13 million during the past fifteen months renovating the facility, refurbishing a second reactor, installing a second wafer fabrication line and implementing new assembly and test equipment. This investment supports the upgrade of Storage Area Networks products from 2Gbit/second to 4Gbit/second as well as the rollout of 10Gbit/second products for Local Area Networks (LANs).

"Finisar has worked hard to establish itself as a leader in the optics space, and this new facility is further proof of our success," said Joseph Young, senior vice president and general manager, Optics Group, Finisar. "We are confident that the newly renovated facility will enable us to not only meet, but exceed production expectations -- allowing Finisar to supply products to our customers and meet the ever-growing demand for bandwidth while continuing to be the gold-standard for quality in the industry."

Finisar acquired Honeywell International's VCSEL Optical Products business in March 2004, strengthening its position as a leading supplier of high-speed fiber optic data communication products. Commercial production of VCSELs began in 1996 as part of Honeywell Labs. Finisar's Advanced Optical Component (AOC) division was created as an autonomous unit at the time of acquisition. Over the last ten years, the AOC division has shipped over 50 million lasers, a major milestone for the industry, establishing itself as the market leader within the data communications sector.