LONDON, September 9, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings research on Finisar Corp. (NASDAQ: FNSR). The company featured in the headlines on Thursday, September 04, 2014 after reporting financial results for Q1 FY15 ended July 27, 2014. During Q1 FY15, while Finisar Corp.'s revenue grew 7.1% Q-o-Q, GAAP basic EPS decreased by $0.16 from Q4 FY14. Our free coverage report can be accessed at:

www.investor-edge.com/register [http://www.investor-edge.com/register ]

Earnings Overview

During Q1 FY15, Finisar Corp.'s revenue reached an all-time record of $327.64 million, up from $306.02 million in Q4 FY14. The sale of products for datacom applications for Q1 FY15 increased 8.2% from the previous quarter mostly driven by strong demand for transceivers that address wireless applications. In addition, the sale of products for telecom applications also grew 4.1% QoQ. Analysts from Bloomberg had anticipated total revenue of $326.08 million for the reported quarter. However, Finisar Corp.'s GAAP basic EPS attributable to its common stockholder decreased to $0.14 per share in Q1 FY15 from $0.30 in the preceding quarter. For the reported quarter, Bloomberg's analysts were expecting an EPS of $0.23 million. On a non-GAAP basis, the company's basic EPS for Q1 FY15 declined to $0.34 from $0.38 in Q4 FY14. Further, the company's GAAP gross margin for Q1 FY15 decreased to 30.2%, from 31.6% in the previous quarter mainly due to less favorable product mix which was primarily a result of increased sales of transceivers, lower sales of 100G ethernet transceivers, as well as a rise in depreciation due to an increased level of capital expenditure. The free research on FNSR can be downloaded as in PDF format at:

www.Investor-Edge.com/FNSRFreeReport [http://www.investor-edge.com/FNSRFreeReport ]

During Q1 FY15, Finisar Corp. completed the acquisition of LightSmyth Technologies Inc., a company known for pioneering the use of semiconductor manufacturing tools to produce differentiated, high performance and cost-effective grating products. It was previously a supplier of grating products for Finisar's WSS (Wavelength Selective Switches) and ROADM products. The Company stated that the acquisition has enhanced Finisar's vertical integration strategy.

Commenting on the results, Finisar Corp.'s executive Chairman of the Board, Jerry Rawls, said that record revenues were achieved during the quarter and these revenues grew for the eight consecutive quarter. Further, CEO Eitan Gertel stated that while the demand for its transceivers that address wireless applications was very strong in Q1, it is likely to decline in Q2. However, the company anticipates demand to turn around and revenues to increase sequentially for these products in Q3. As a result of reduced demand for wireless transceivers, as well as a decrease in demand for telecom products due to soft carrier spending and a decrease in demand from several datacom customers with lumpy order patterns, the company expects its overall revenues to decline in the second fiscal quarter. Sign up and read the free analyst's notes on FNSR at:

www.Investor-Edge.com/FNSR-09092014 [http://www.investor-edge.com/FNSR-09092014 ]

For Q2 FY15, the company projects revenues in the range of $305 million to $320 million, non-GAAP gross margin in the range of approximately 31% to 32%. In addition, the company's non-GAAP operating margins are anticipated in the range of approximately 8.5% to 9.5%, and non-GAAP EPS in the range of approximately $0.23 to $0.27.

Stock Performance

On Friday, September 05, 2014, a day after the earnings release, Finisar Corp.'s stock was down by 4.68%, ending the session at $17.51. The stock lost a further 0.91% the following day, finishing at $17.35 on the last close, Monday, September 08, 2014. The stock vacillated between $17.24 and $17.52 during the trading session. A total of 3.34 million shares were traded, which was above its three months average volume of 2.70 million shares. Over the previous three trading sessions and over the last one month, the company's shares have fallen by 8.15% and 10.75%, respectively. Moreover, the stock has declined 27.47% from the beginning of 2014. Finisar Corp.'s shares are trading below their 50-day and 200-day moving averages of $19.88 and $22.73, respectively. Further, the stock traded at a PE ratio of 18.49 and has a Relative Strength Index (RSI) of 29.85. Visit Investor-Edge and access the latest research on FNSR at:

www.Investor-Edge.com/FNSREarningsCoverage [http://www.investor-edge.com/FNSREarningsCoverage ]

Sneak Peek to Corporate Insider Trading

In the last one month, Finisar Corp. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on FNSR is available at:

www.Investor-Edge.com/FNSRInsiderTrading [http://www.investor-edge.com/FNSRInsiderTrading ]

About Investor-Edge.com

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

===============

EDITOR'S NOTES:

===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA(R) and Chartered Financial Analyst(R) are registered trademarks owned by CFA Institute.

SOURCE Investor-Edge