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GuruFocus has detected 2 Warning Signs with Finisar Corp $FNSR.
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Finisar Corp (NAS:FNSR)
Market Cap (M)
$3,040 Mil (As of Today)

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding (end-of-period, EOP). Finisar Corp's share price for the quarter that ended in Apr. 2017 was $22.84. Finisar Corp's shares outstanding (EOP) for the quarter that ended in Apr. 2017 was 112 Mil. Therefore, Finisar Corp's market cap for the quarter that ended in Apr. 2017 was $2,547 Mil.

Finisar Corp's quarterly market cap increased from Oct. 2016 ($3,029 Mil) to Jan. 2017 ($3,291 Mil) but then declined from Jan. 2017 ($3,291 Mil) to Apr. 2017 ($2,547 Mil).

Finisar Corp's annual market cap declined from Apr. 2015 ($2,112 Mil) to Apr. 2016 ($1,770 Mil) but then increased from Apr. 2016 ($1,770 Mil) to Apr. 2017 ($2,547 Mil).

Enterprise value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Finisar Corp's enterprise value for Today is $2,511 Mil.


Definition

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Finisar Corp's Market Cap for the fiscal year that ended in Apr. 2017 is calculated as

Market Cap (A: Apr. 2017 )=Share Price (A: Apr. 2017 )*Shares Outstanding (EOP) (A: Apr. 2017 )
=22.84*111.52
=2,547

Finisar Corp's Market Cap for the quarter that ended in Apr. 2017 is calculated as

Market Cap (Q: Apr. 2017 )=Share Price (Q: Apr. 2017 )*Shares Outstanding (EOP) (Q: Apr. 2017 )
=22.84*111.52
=2,547

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the company’s debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.


Related Terms

Shares Outstanding (EOP)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Finisar Corp Annual Data

Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15Apr16Apr17
mktcap 4173151,1342,5251,5111,2042,5442,1121,7702,547

Finisar Corp Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
mktcap 1,8842,1171,8551,2121,3661,7702,0663,0293,2912,547
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