Finisar (FNSR) Stock Gains in After-Hours Trading Following Earnings Release

NEW YORK (TheStreet) -- Finisar (FNSR) shares are climbing, up 1.58% to $22.50, in after-hours trading on Thursday following the release of the optical communication components and subsystems manufacturer's fourth quarter financial results after the closing bell today.

The company reported earnings of 25 cents per share, in line with analysts' expectations for the period, on revenue of $320 million that was also in line with analysts' guidance.

Finisar provided first quarter earnings guidance between 23 cents to 29 cents per share versus analysts' consensus 27 cents per share expectations.

First quarter revenue is expected be between $308 million and $328 million versus consensus guidance of $318.04 million.

TheStreet Ratings team rates FINISAR CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate FINISAR CORP (FNSR) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

FNSR Chart FNSR data by YCharts

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