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The Company is a provider of optical subsystems and components and network performance test and monitoring systems.
Time is right for It's technology.
Apple will make this company
FNSR down 22% OVERSOLD?5YR EPS 25% PEG .52014 ESP 1.51 2015 ESP 1.81CURR PE 29 NEXT YR PE 14BUY @ 19 TP 25
rebuying. mkt being held up by QE. nothing can bring it down. party (ha! ha! ho! here we go!) and that's when mkt goes down. we don't care.
Macro play: bandwidth build out getting to tipping point (copper lines maxed/4k tv broadcast over fiber)
to much money coming in from ATT and V to upgrade all their networks to fiber optics and 4G or faster. this company is poised to cash in on those contracts over the next 2 years.
will break soon
I'm long FNSRthey've fallen close to 50% and revenues are growing 25% instead of the estimated 25.5%seems like a buy to me.
booming stock as if cloud computing + bandwith will accelerate from 2012
bandwidth build out
40%drop overdone for a 20% growth rate. fastest growing sector
Will outperform because demand for optics is NOW.
Covestor Model Manager Alphamark Advisors sold FNSR in his Small Cap Growth Covestor Model ( http://covestor.com/Alphamark-Advisors )
This should bounce back, but there are no guarantees.
With all the iPad, iPhone and smart phone generater traffic coupled with the big upgrades in corporate datacenters, traffic hitting the network infrastructure is skyrocketing. But networks havenot been upgraded for a long time - now traffic is rising and warrants increased spending on datacenter, metro and long haul networks. JDSU was just the first and it poped all the other related stocks EMKR, OCLR, ALU, Ciena - even "flat for ever" OPXT nearly doubled! Finisar is the #1 supplier in datacom and telecom optical interconnects. This whle sector is poised for a pop IMHO. FNSR will lead the charge! no 43 was 3
Is there upside to this stock ?.
Everyone loves the optical component growth story on the back of 40G and 100G network rollouts. However, what isn't baked in is the change in ROADM (Reconfigurable Optical Add Drop Multiplexers, hence the acronym) makeup and how it impacts the components makers. The market for these intelligent modules is expected to grow 20% annually through 2015. However, the components in these modules has changed as manufacturers have increased the number of wavelength selective switches (WSS) in each multiplexer from 2-4 to 8-16. This means the market for the alphabet-souped ROADM WSSs could double annually for the next four years. In 2010, FNSR took the market share lead from JDSU. They currently sport 30% market share and are expanding capacity rapidly. While the stock isn't cheap at 15 times next year's earnings, FNSR is positioned to be the winner in this current product cycle. Now if only management would stop diluting shareholders with all these secondaries...
This component maker is an important cog in the optical networking industry's complicated machinery. There's a ton of growing left to do here, and Finisar's stock isn't even expensive.
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