FNSR - Finisar To Merge With II-VI To Reduce Competition And Improve Margins
Introduction
Finisar Corporation (NASDAQ:FNSR) has a history of growth, but its earnings have been volatile. The company provides electronic components that are used with fiber optic cables. Finisar’s profitability has been pressured, as the company needed to undercut prices to remain competitive.
The fiber optic industry is expected to grow into 2023, and the company is well-placed to capitalize on this. As a means of reducing competition and increasing its profitability, Finisar will merge with its competitor II-VI Incorporated (NASDAQ:IIVI), which is expected to be completed by the middle of this