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Stock Strategist

Undervalued Finisar Fights to Stay Tops in Optics

Alex Zhao, CFA

 Finisar (FNSR) is the largest fiber optics manufacturer by revenue, according to research and consulting firm Ovum, and boasts one of the broadest optical product portfolios that support fiber-based communication systems.

It is well positioned to benefit from ongoing robust demand for high-speed fiber optics. However, we do not believe Finisar has an economic moat in this highly fragmented and cyclical industry as a result of product commoditization and strong buying power from customers.

Alex Zhao, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.