Finisar third fiscal quarter results bring more good news
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Finisar third fiscal quarter results bring more good news
Finisar Corp. (NASDAQ: FNSR) yesterday became the second optical communications technology company to present a rosy revenue picture. The optical components and subsystems vendor announced revenues in the middle of its previous guidance for the quarter ended January 27, 2013, and indicated the current quarter should be equally lucrative if not more so.Coming on the heels of Ciena Corp.’s (NASDAQ: CIEN) surprisingly good results over the same timeframe (see “Ciena first quarter 2013 revenue, EPS beat Street”), Finisar’s results may indicate that the optical communications market may move on steadier legs through the first half of this year than it did in 2012."I am pleased to report fiscal third quarter revenues of $238.4 million, which is $6.3 million, or 2.7%, greater than the prior quarter. Our growth in revenues came primarily from sales of 10G and 100G transceivers and transponders for datacom applications," said Jerry Rawls, Finisar's executive chairman of the board, via a press release.GAAP gross margins for the quarter also improved sequentially, from 27.5% to 28.5%. However, the company did report a GAAP net loss of $3.4 million ($0.4 per share) for the quarter, after a profit of $271,000 for the fiscal second quarter. Operating expenses for the third quarter rose slightly more than $5 million sequentially, which helped account for the loss."During the quarter, we continued to invest significantly in technology and product development and made substantial progress on a number of new products for our datacom and telecom products lines. We are planning several compelling product announcements at the OFC show during the week of March 18th in Anaheim, California," said Eitan Gertel, Finisar's CEO, in the same release.In conference call with analysts yesterday, Gertel revealed that Finisar had shipped “a number” of its 100-Gbps coherent transponders and that customer feedback has been “very positive.” The company also has shipped initial quantities of its CFP2 optical transceivers, he said.Looking forward to the fiscal fourth quarter, Finisar management said they expect revenues in the range of $235 million to $250 million. GAAP operating margin should be approximately 2%, while non-GAAP operating margin will come in at around 7%. Non-GAAP earnings per diluted share will range between approximately $0.15 and $0.19.
Santec offer MSL-100 multi-port wavelength-selectable laser system
Santec Corp. has introduced the MSL-100 Multi-Port Wavelength Selectable Laser System for DWDM transmission system and optical component test applications. The system offers up to 100 ports, each of which can be configured from a library of 196 ITU 25-GHz-spaced channels.The MSL-100 is designed to aid in the evaluation of channel management in next-generation fiber-optic networks, both in R&D and production environments. It also can be used in coherent communications/local oscillator and optical amplifier testing applications.The system comprises a mainframe that can support up to 20 tunable lasers (ports), and expansion frames that can each add up to 40 extra ports. Operators can program power and channel selection, while an internal wavelength locker ensures wavelength accuracy and stability, Santec says. C-Band and L-Band versions are available.Other MSL-100 features include:*Tuning available with 1MHz resolution*Narrow linewidth*Output power > +15 dBm*Low relative intensity noise (RIN)*Touchscreen or USB control interfaces
Aurora Networks closes Harmonic optical transmission asset deal
Aurora Networks Inc. has completed the previously announced acquisition of the optical transmission business of Harmonic Inc. (NASDAQ: HLIT; see “Aurora Networks to buy Harmonic’s cable access business”). The cable MSO optical transport equipment vendor paid $46 million in cash for its new assets.John Dahlquist, vice president, marketing, at Aurora Networks, acknowledged to Lightwave shortly after the deal was announced that expanding his company’s customer base provided the primary catalyst for the deal. The transaction doubled Aurora Networks’ customer list, he said.Despite the nearly 100% overlap between the products the Harmonic group produced and Aurora Networks’ existing portfolio, Aurora Networks currently has no plans to discontinue any Harmonic products, Dahlquist said. The company is committed to fully serving customers using those products. Dahlquist said that the Harmonic products will continue to be sold as well, particularly in “price-sensitive” markets Aurora Networks previously has had trouble penetrating. This potentially includes cable system operators who are not yet ready to migrate to the digital return technology in which Aurora Networks specializes.Meanwhile, Dahlquist also revealed that Aurora Networks was one of several bidders for the Harmonic assets. He did not provide further details.“With the closing of the acquisition behind us, we are now focused on a swift integration of the product lines into our systems with a goal of minimum customer inconvenience,” said Scott Weinstein, vice president, new business development, at Aurora Networks, via a press release. “We have already started the integration process, with many of the former Harmonic employees who will assist Aurora’s efforts to achieve an integration goal of four months joining our team. We firmly believe that this acquisition will increase our ability to innovate new technologies enabling us to continue to grow and provide our customers with solutions that will ensure their potential to meet future challenges.”
The above information is edited by 10GTEK.
10GTEK TRANSCEIVERS CO., LTD (Hereinafter refered to as 10GTEK) is specialized in developing and manufacturing Fiber Optical Transceivers and High Performance Cables which are wildly applied in Datacom, Telecom and CATV, providing customers with top quality and cost effective products. Our High Speed Cables cover Passive SFP+ Cable, Active SFP+ Cable, QSFP+ cables, MiniSAS (SFF-8088) Cables, CX4 Cables, Harness cables, Breakout Cables, Patchcords. We also manufacture Fiber Optic Transceivers like 10G XFP, 10G SFP+, SFP DWDM/ CWDM, GBIC, etc. The prompt response and excellent customer support contribute to clients‘ full satisfaction.Today, 10GTEK has been growing fast in the optical field for its unique and competitve excellence which has got a high attention from datacom and telecom.
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