Finisar Uncovers Third Quarter Fiscal 2012 Financial Results – NASDAQ:FNSR

Finisar Corporation (NASDAQ:FNSR) updated financial results for its third quarter of fiscal 2012 ended January 29, 2012. Operating Statement key points for the third quarter of fiscal 2012 are as under:
Revenues rose up to $243.0 million, up $1.5 million, or 0.6%,versus $241.5 million in the preceding quarter, driven by growth in sales of datacom products, partially offset by lower telecom product sales.
As compared to the previous quarter, the sale of products for datacom applications surged, by $5.1 million, or 4.0%, and the sale of products for telecom applications plunged by $3.7 million, or (3.3)%.
Gross margin was comparatively unmoved from the previous quarter at 29.3% on a GAAP basis and 31.8% on a non-GAAP basis.
GAAP operating income rose up $2.5 million to $11.3 million, or 4.7% of revenues, versus to $8.8 million, or 3.7% of revenues in the preceding quarter.

Finisar Corporation (NASDAQ:FNSR) witnessed volume of 6.42 million shares during last trade however it holds an average trading capacity of 2.38 million shares. FNSR shares opened at $21.79 reached intraday low of $20.25 and went -6.88% down to close at $20.29.

FNSR shares price distanced by -8.59% from 20 days average, +2.94% from SMA50 and +7.73% from SMA200. Similarly, the shares performance calculated for a week provided negative result of -8.31%, 1.81% for a month and Year-to-Date performance was 21.13%.

The company has an Enterprise Value of $1.66 billion where in most recent quarter it had a total cash in hand amounted to $228.04 million with a 8.03 book value per share. The beta value of 2.77 signifies to the movement of price with the market condition. The percentage of holdings by the insider in FNSR is 1.68%.

Its past twelve months increase in return from assets was 6.24%, return on equity remained 8.88% and return on investments reached 7.68%. The net profit margin in last 12 months grew up to 5.31% and in most recent quarter debt to equity of 0.06 giving a view of company’s no reliance on taking loans.

The Company in past 12 months achieved Gross Profit of $312.27 million where the year to year quarterly revenue growth was 0.23% and Net Income Available to Shareholders reached to $51.53 million with the diluted EPS of 0.56.