Finisar Corp
FNSR:NASDAQ
| Last | Change / % Change | Dividend Yield | Volume |
| 22.58 | -0.6300 -2.7% | 0.0% | 4,708,344 |
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Latest News Headlines for Finisar Corp
Robbins Geller Rudman & Dowd LLP Files Class Action Suit against Finisar Corporation
Robbins Geller Rudman & Dowd LLP ("Robbins Geller") (http://www.rgrdlaw.com/cases/finisar/)
today announced that a class action has been commenced in the United
States District Court for the Northern District of California on behalf
of purchasers of Finisar Corporation ("Finisar") (NASDAQ:FNSR) common
stock during the period between December 2, 2010 and March 8, 2011 (the
"Class Period").
Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Finisar Corporation
Law Offices of Howard G. Smith announces that it is investigating
potential claims against Finisar Corporation ("Finisar" or the
"Company") (NASDAQ:FNSR) concerning potential violations of federal
securities laws or possible breaches of fiduciary duties by the Company
or its fiduciaries. Finisar designs, develops, manufactures and markets
optical subsystems and components -- primarily transmitters, receivers,
transceivers and transponders -- used to interconnect equipment in
short-distance local area networks (LANs), storage area networks (SANs),
longer distance metropolitan area networks (MANs), fiber-to-the-home
networks, cable television networks, and wide area networks.
Holzer Holzer & Fistel, LLC Announces Investigation into Finisar Corporation
View more recent headlinesHolzer Holzer & Fistel, LLC is investigating potential violations of the
federal securities laws by Finisar Corporation ("Finisar" or the
"Company") (NASDAQ: FNSR). The investigation focuses on whether a series
of statements regarding Finisar's business, its prospects and its
operations were materially false and misleading at the time they were
made. Specifically, the investigation focuses on, among other things,
whether Finisar unlawfully failed to disclose that recent revenue growth
was unsustainable due to increased pricing pressures along with a
slowdown in business from China.
Company Background
Finisar Corporation (Finisar) is a provider of optical subsystems and components that connect short-distance local area networks (LANs), and storage area networks (SANs), and longer distance metropolitan area networks (MANs) fiber-to-the-home networks (FTTx), cable television networks (CATV) and wide area networks (WANs). The Company's optical subsystems consist primarily of transmitters, receivers, transceivers and transponders, which provide the fundamental optical-electrical interface for connecting the equipment used in building these networks, including switches, routers and file servers used in wireline networks as well as antennas and base stations for wireless networks. On July 15, 2009, the Company consummated the sale of substantially all of the assets of the Network Tools Division to JDS Uniphase Corporation (JDSU). In September 2010, the Company acquired Broadway Networks, Ltd.
Bid/Size -- / -- | Ask/Size -- / -- |
Price Open 22.28 | Previous Close 23.21 |
Day High 23.40 | Day Low 21.84 |
52wk High/Date 46.09 / 2/14/2011 | 52wk Low/Date 11.98 / 8/25/2010 |
Beta 2.95 | Market Capitalization 2.0B |
Shares Outstanding 89.6M | Volatility Avg 70.72 |
Avg Vol(10 day) 10.1M | P/E Ratio 22.2x |
EPS (TTM) 1.02 | Annualized Rate -- / -- |
Yield 0.0% | Dividend Announcement -- |
Ex-Date -- | Date of Record -- |
Payable 0.00 - -- | Payable Date -- |
Last Trade as of 3/15/2011 4:00 PM ET | |
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FNSR Finisar Corp vs. Peers
| Peers | |
FNSR Finisar Corp | -21.8% |
| A Agilent Technologies Inc. | 8.2% |
| JDSU JDS Uniphase Corporation | 48.3% |
| INTC Intel Corporation | -0.9% |
| OPXT Opnext, Inc. | 54.0% |
FNSR Finisar Corp | 0.0% |
| A Agilent Technologies Inc. | -- |
| JDSU JDS Uniphase Corporation | -- |
| INTC Intel Corporation | 3.5% |
| OPXT Opnext, Inc. | -- |
FNSR Finisar Corp | -2.7% |
| A Agilent Technologies Inc. | -2.3% |
| JDSU JDS Uniphase Corporation | -1.7% |
| INTC Intel Corporation | -3.2% |
| OPXT Opnext, Inc. | -7.4% |