Finisar CorpFind Ratings Reports
FINISAR CORP's gross profit margin for the first 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 3.91 which clearly shows the ability to cover any short-term cash needs. FNSR managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
During the same period, stockholders' equity ("net worth") has increased by 8.03% 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||Q1 FY16||Q1 FY15|
|Net Sales ($mil)||341.33||314.03|
|Net Income ($mil)||23.95||3.39|
|Balance Sheet||Q1 FY16||Q1 FY15|
|Cash & Equiv. ($mil)||593.8||495.69|
|Total Assets ($mil)||1668.51||1567.86|
|Total Debt ($mil)||232.02||223.76|
|Profitability||Q1 FY16||Q1 FY15|
|Gross Profit Margin||38.52||36.14|
|Return on Assets||3.34||0.06|
|Return on Equity||4.66||0.09|
|Debt||Q1 FY16||Q1 FY15|
|Share Data||Q1 FY16||Q1 FY15|
|Shares outstanding (mil)||110.17||106.55|
|Div / share||0.0||0.0|
|Book value / share||10.84||10.37|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1993906.0||1336138.0|
BUY. FINISAR CORP's P/E ratio indicates a significant premium compared to an average of 32.47 for the Communications Equipment industry and a significant premium compared to the S&P 500 average of 25.16. To use another comparison, its price-to-book ratio of 2.99 indicates valuation on par with the S&P 500 average of 2.79 and a discount versus the industry average of 3.57. The current price-to-sales ratio is well above the S&P 500 average, but below the industry average.
|FNSR 63.57||Peers 32.47||FNSR 17.91||Peers 14.62|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.
FNSR is trading at a significant 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.
|FNSR 16.21||Peers 19.18||FNSR 0.14||Peers 0.93|
Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.
FNSR is trading at a valuation on par with 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.
|FNSR 2.99||Peers 3.57||FNSR 5000.00||Peers 77.07|
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.
|FNSR 2.77||Peers 3.14||FNSR 4.29||Peers 12.45|
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