Finisar Corp

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FNSR : NASDAQ : Technology
$30.89 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 2284700.0
01/19/17 - 4:00 PM ET

Financial Analysis

FINISAR CORP's gross profit margin for the second quarter of its fiscal year 2016 has increased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. FINISAR CORP is extremely liquid. Currently, the Quick Ratio is 3.77 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 12.82% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)369.86321.14
EBITDA ($mil)76.6434.5
EBIT ($mil)53.2311.4
Net Income ($mil)48.776.64

Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)626.28520.77
Total Assets ($mil)1750.061577.25
Total Debt ($mil)234.68226.15
Equity ($mil)1249.321107.27

Profitability Q2 FY16 Q2 FY15
Gross Profit Margin42.3134.86
EBITDA Margin20.7110.74
Operating Margin14.393.55
Sales Turnover0.770.8
Return on Assets5.591.2
Return on Equity7.831.71
Debt Q2 FY16 Q2 FY15
Current Ratio5.04.88
Interest Expense2.992.87
Interest Coverage17.813.97

Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)110.63106.79
Div / share0.00.0
Book value / share11.2910.37
Institutional Own % n/a n/a
Avg Daily Volume2174843.01777236.0


BUY. FINISAR CORP's P/E ratio indicates a premium compared to an average of 30.07 for the Communications Equipment industry and a premium compared to the S&P 500 average of 25.49. To use another comparison, its price-to-book ratio of 2.64 indicates valuation on par with the S&P 500 average of 2.84 and a discount versus the industry average of 3.31. The current price-to-sales ratio is above the S&P 500 average, but below the industry average.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
FNSR 33.84 Peers 30.07   FNSR 16.87 Peers 14.55

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

FNSR is trading at a premium to its peers.


Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

FNSR is trading at a premium to its peers.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
FNSR 11.68 Peers 19.93   FNSR 0.06 Peers 0.92

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

FNSR is trading at a significant discount to its peers.


Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

FNSR trades at a significant discount to its peers.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
FNSR 2.64 Peers 3.31   FNSR 388.88 Peers 27.99

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

FNSR is trading at a discount to its peers.


Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

FNSR is expected to have an earnings growth rate that significantly exceeds its peers.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
FNSR 2.46 Peers 2.93   FNSR 6.15 Peers 19.56

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

FNSR is trading at a discount to its industry on this measurement.


Lower. A sales growth rate that trails the industry implies that a company is losing market share.

FNSR significantly trails its peers on the basis of sales growth



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