Finisar Posted Strong Results, Got 3D Sensing Orders but Issued Weak Outlook; Shares Undervalued
Finisar posted a strong performance in the fourth quarter, with total revenue up 15% year over year as the firm continues to experience robust demand for its 100G transceivers, a high-margin networking module. However, total revenue was down 6% sequentially, due to softness in demand from China. The firm issued weaker first-quarter guidance for fiscal 2018, where revenue is expected to be between $330 and $350 million, implying another sequential decline in the coming quarter at the midpoint, ag...Finisar is engaged in optical communications, providing components and subsystems to networking equipment manufacturers, data center operators, telecom service providers, consumer electronics and automotive companies. The company's optical subsystems consist primarily of transmitters, receivers, transceivers, transponders and active optical cables, which provide the optical-electrical, or optoelectronic interface for interconnecting the electronic equipment used in these networks, including the switches, routers, and servers used in wireline networks as well as the antennas and base stations used in wireless networks. The company also provides products known as wavelength selective switches.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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