|Bid||21.75 x 100|
|Ask||22.07 x 100|
|Day's Range||21.75 - 22.83|
|52 Week Range||17.20 - 36.41|
|PE Ratio (TTM)||12.63|
|Earnings Date||Mar 7, 2018 - Mar 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||24.63|
Finisar says Apple has not invested in the company and that a $390 million infusion represents projected revenue.
Yesterday’s deal announced by fiber-optic component maker Finisar (FNSR) and Apple (AAPL) to boost manufacturing of “VCSEL” lasers for “3-D sensing” is being slightly mis-understood by investors, writes Alex Henderson, who follows the shares of Finisar and other component vendors of Needham & Co. today. Henderson, who has a Buy rating on Finisar, and a $25 price target, thinks actually the deal is better than people may realize. The mistake is that most characterized the arrangement as Apple “funding” Finisar’s spinning up manufacturing in a faculty in Sherman, Texas.
NEW YORK, NY / ACCESSWIRE / December 14, 2017 / Stocks climbed higher on Wednesday after the Federal Reserve raised interest rates. Two stocks to see gains were Oclaro Inc. and Finisar. Finisar shares ...
Dow tech titans Microsoft, Intel and Apple are setting up for possible buys while Nordson skyrocketed overnight on strong earnings and guidance.
Apple is awarding $390 million to Finisar, which makes the key components in the types of 3-D sensing arrays that Apple uses in its iPhone X to scan the user’s face.
Apple is awarding one of its key suppliers $390 million as part of its effort to fund domestic technology manufacturers.
On a mixed day for the indexes, Apple's big investment in Finisar sent the latter's shares skyrocketing, and Nordic American Tanker sank after announcing a stock offering.
Apple is investing $390 million in Finisar, the second such investment from Apple's $1 billion manufacturing fund.
Apple COO Jeff Williams tells CNBC the $1 billion allotted for the Advanced Manufacturing Fund is "absolutely not" a final threshold.
Apple’s (AAPL) announcement this morning it will give $390 million to fiber-optic component supplier Finisar (FNSR) to boost manufacturing of “VCSEL” lasers is a big vote of confidence in “3-D sensing,” the technology that allows for various kinds of augmented reality, according to a note from fiber analyst Simon Leopold of Raymond James. The news has super-charged Finisar stock, driving it up $5.80, 30%, at $25.10. Competitor Lumentum Holdings (LITE), which seemed to have gotten most of the business so far from Apple for the iPhone X, is deepening its decline, down $5.08, or 10%, at $46.68.
Finisar (FNSR) up big as Apple announced the manufacturer of optical communications will receive $390 million from Apple’s (AAPL) Advanced Manufacturing fund. The parent of Moviepass, the subscription theatrical movie service in the news as it announced a complicated share offering of over 8 million new shares, plus warrants. Looking at the chart, Western Digital shares are up in the single digits today.
The Nasdaq led the major market averages higher early Wednesday, ahead of the Fed's interest rate decision.