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.