StockIceMan's Weekly Stock Pick
Week of
August 7, 2006
| Stock: |
Finisar Corporation |
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| Ticker Symbol: |
FNSR - Nasdaq - Networking and
Communication Devices |
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| Buy: |
2.75 to 3.00 |
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| Sell: |
6.00 |
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Info: |
Finisar Corporation
provides optical subsystems and components that
connect local area networks, storage area
networks, and metropolitan area networks
worldwide. Its optical subsystems consist
primarily of transceivers sold to manufacturers
of storage and networking equipment for local
area networks, storage area networks, and
metropolitan area networks applications. These
optical subsystems also include multiplexers,
demultiplexers, and optical add/drop modules
used in metropolitan area network applications.
Its line of optical subsystems supports a range
of network protocols, transmission speeds,
distances, physical mediums, and configurations.
The company’s line of optical components
consists primarily of packaged lasers and
photodetectors used in transceivers, primarily
for local area network and storage area network
applications. It also provides network
performance test and monitoring systems to
original equipment manufacturers for testing and
validating equipment designs; and to operators
of networking and storage data centers for
testing, monitoring, and troubleshooting the
performance of their installed systems. Finisar
sells its products primarily to storage and
networking equipment manufacturers. The company
was founded in 1987 by Frank H. Levinson and is
headquartered in Sunnyvale, California |
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| Financial Info: |
For the fiscal year ended
4/30/06, revenues increased 30% to $364.3
million. Net loss decreased 78% to $24.9 million |
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| Key Ratios: |
Current
Ratio: 3.43, Total Debt/Equity: 1.35, Trailing
P/E: N/A, Forward P/E: 13.09x, Price/Book:
4.89, Price/Sales: 2.39 |
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| Share Info: |
There are 307.01
million shares outstanding with 270.08
million shares in the trading
float. Institutions own
approximately 59.00% of the shares outstanding.
There have been 0 insider purchases and 29
insider sales totaling
11,117,900 shares and no insider sales in the last six months.
Real-Time SEC
Filings
As of 7/11/2006, there were 27.32 million shares short.
Net Institutional Buying: 49,386,500 shares prior to latest
quarter. |
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| Articles: |
FINISAR
CORP Files SEC form 8-K, Other Events |
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