Key Developments: Finisar Corp (FNSR.O)
12.71USD
22 May 2013
$-0.19 (-1.47%)
$12.90
$12.95
$13.14
$12.63
2,266,394
2,568,805
$17.14
$10.95
Latest Key Developments (Source: Significant Developments)
Finisar Corp Issues Q4 2013 Guidance In Line With Analysts' Estimates
Finisar Corp announced that for fourth quarter of fiscal 2013, it expects revenue to be in the range of $235 to $250 million and non-GAAP earnings per diluted share to be in the range of approximately $0.15 to $0.19. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $241 million and EPS of $0.17 for fourth quarter of 2013. Full Article
Finisar Corp Issues Q3 2013 Guidance In Line With Analysts' Estimates
Finisar Corp announced that for the third quarter of 2013, it expects revenues to be in the range of $230 to $245 million and non-GAAP earnings per diluted share to be in the range of approximately $0.14 to $0.18. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $240 million and EPS of $0.17 for the third quarter of 2013. Full Article
Finisar Corp Issues Q2 2013 Guidance; EPS Guidance Below Analysts' Estimates
Finisar Corp announced that for the second quarter of 2013. it expects revenues to be in the range of $225 to $240 million and non-GAAP earnings per diluted share (EPS) to be in the range of approximately $0.12 to $0.16. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $236 million and EPS of $0.19 for the second quarter of 2013. Full Article
Finisar Corporation Agrees To Acquire RED-C Optical Networks, Inc.
Finisar Corporation announced that it has entered into an agreement to acquire all of the outstanding equity interests in RED-C Optical Networks, Inc., a Delaware corporation, with subsidiary operations in Tel Aviv, Israel. The acquisition will be effected by the merger of RED-C with a wholly owned subsidiary of Finisar. In connection with the acquisition, Finisar will pay in cash approximately $23.7 million in initial consideration for all of RED-C's outstanding equity. Finisar will also pay to stockholders and certain RED-C employees up to an additional aggregate of $20 million payable in cash or in shares of Finisar common stock at Finisar's option, subject to the achievement of financial performance targets related to RED-C products and technologies during calendar 2013 and continued employment with Finisar. Full Article
Finisar Corporation Issues Q1 2013 Guidance Below Analysts' Estimates
Finisar Corporation announced that for the first quarter of 2013, it expects revenues to be in the range of $218 to $233 million and non-GAAP earnings per diluted share (EPS) to be in the range of approximately $0.11 to $0.15. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $250 million and EPS of $0.24 for the first quarter of 2013. Full Article
Finisar Corporation Issues Q3 2012 Guidance; EPS Guidance Below Analysts' Estimates
Finisar Corporation announced that for third quarter of 2012, it expects revenues to be in the range of $235 to $250 million and non-GAAP earnings per diluted share (EPS) to be in the range of approximately $0.20 to $0.24. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $250 million and EPS of $0.26 for the third quarter of 2012. Full Article
Finisar Corporation Issues Q2 2011 Guidance; Revenue Above Analysts' Estimates
Finisar Corporation announced that for second quarter of 2011, it expects revenues to be in the range of $235 to $250 million and non-GAAP earnings per diluted share (EPS) to be in the range of approximately $0.20 to $0.24. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $234 million and EPS of $0.20 for the second quarter of 2012. Full Article
Finisar Corporation Announces Further Details on Acquisition of All Shares in Ignis ASA
Finisar Corporation (Finisar) announced that with reference to the disclosure made on June 30, 2011 regarding the compulsory acquisition by Finisar of all the shares of Ignis ASA, Finisar has become the owner of all the shares of the company. Ignis ASA's Board of Directors has filed an application for the delisting of the company's shares to Oslo Bors. It is expected that the last day of trading will be July 11, 2011. The approval by Oslo Bors of the delisting application will be announced separately, together with the information on the last day of trading. Full Article
Finisar Corporation Announces Completion Of Acquisition Of 100% Of Ignis ASA
Finisar Corporation announced that it has completed its acquisition of the entire equity interest in Ignis ASA. As a result of its previously-announced recommended voluntary public offer and subsequent mandatory public offer to acquire all outstanding Ignis shares at a cash NOK8 per share, Finisar acquired approximately 97.25% of the outstanding Ignis shares and subsequently acquired the remaining shares through the compulsory transfer provisions of Norwegian law. Ignis is applying to the Oslo Stock Exchange for the delisting of its shares. The Exchange has suspended trading in the Ignis shares pending delisting. SEB Enkilda has acted as Finisar's financial advisor, and DLA Piper has acted as Finisar's legal advisor, in connection with Finisar's acquisition of Ignis. Full Article
Finisar Corporation Announces Compulsory Transfer of Remaining Shares in Ignis ASA
Finisar Corporation announced the completion of the mandatory offer for all the outstanding shares of Ignis ASA. The offer period expired on June 22, 2011. As a result of the mandatory offer, Finisar became the owner of 76,619,345 shares of Ignis, representing 97.25% of the total number of outstanding shares. Pursuant to Section 6-22 of the Norwegian Securities Trading Act and Section 4-25 of the Norwegian Public Limited Companies Act, the Board of Directors of Finisar has decided to make a compulsory transfer of the remaining shares in Ignis. The compulsory transfer is being effected less than three months following the expiry of the offer period applicable to the mandatory offer. Finisar offers a redemption price of NOK 8.00 per share. The offered redemption price is the same price as offered to all shareholders in the mandatory offer. Full Article
Finisar posts higher 3rd-qtr profit
March 7 - Network equipment maker Finisar Corp reported a higher quarterly profit, helped by an increase in demand for its fiber optic products.
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