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Friday, June 8, 2012

Finisar earnings estimates report june 112012

Finisar earnings estimates report june 112012 : Finisar is a provider of fiber optic subsystems and network test and monitoring systems. Finisar trades an average of 2.5 million shares per day with a market cap of $1.2 Billion.

Finisar is anticipated to report weak fourth-quarter earnings on June 11. The consensus estimate is currently 16 cents a share, a decline of 12 cents (43%) from 28 cents during the same period last year.

For the same fiscal period year-over-year, revenue has improved to $948.79 million last fiscal year compared to $629.88 million in the previous year. The bottom line has rising earnings year-over-year of $88.09 million last fiscal year compared to $14.13 million in the previous year.

The industry comparisons tell the whole story. A lowering tide lowers all boats and the communications equipment boats are almost aground. Finisar and the others have sold off so much they are becoming oversold technically. The push higher Wednesday towards $15 fell short of breaking the falling trendline, leaving the bear market intact.

Expectations are low and short interest is high. If Finisar is able to provide a surprise beat and guidance it is setup for a rather large short squeeze.

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