Should You Buy Finisar Corporation (NASDAQ:FNSR) On Current Analyst Views?

Zacks Investment Research cut shares of Finisar Corporation from a hold rating to a sell rating in a research report on Monday, September 4th.

09/06/2017 - Finisar Corporation had its "outperform" rating reiterated by analysts at William Blair. DA Davidson started covering FNSR by announcing an initial rating of "Buy". They set a buy rating and a $40.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. Finisar Corporation presently has an average rating of "Buy" and an average price target of $39.23.

Investors have been carefully witnessing the recent activity of Finisar Corporation (NASDAQ:FNSR) stock. In terms of moving averages, the 200-day is now at 3.47, the 50-day is 3.96, and the 7-day is resting at 4.03. The stock's market capitalization is 2.43B. "Consequently, we expect Finisar to capture roughly 10% market share in 3-D sensing for initial shipments of high-powered VCSEL arrays, compared with our previous estimate of 20%". Finisar Corporation had a ROE of 13.11% and a net profit margin of 16.92%. the company reported sales of $341.80 M for the period end, compared to the average forecast of $341.22 M. For the same quarter a year ago, the business reported $0.38 Earnings Per Share. While the company reported revenue of $342 million and posted EPS of $0.40, falling in-line with consensus, when measuring from the quarter's midpoint, revenue missed consensus by $38 million and EPS fell short by $0.20. Finisar Corporation had a net margin of 16.92% and a return on equity of 13.11%. During the same quarter past year, the firm posted $0.38 EPS. For fiscal 2019, the analyst again lowers his revenue projections from $1,602 million to $1,533 million, which notably represent a 9% rise year over year, while his expectations on EPS are again down from $2.15 to $1.73. If you are accessing this article on another site, it was illegally copied and reposted in violation of USA and worldwide copyright legislation. Also, Chairman Jerry S. Rawls sold 25,000 shares of the company's stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $25.93, for a total value of $648,250.00. Following the transaction, the executive vice president now directly owns 217,005 shares in the company, valued at approximately $5,281,901.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

In other Finisar Corporation news, EVP Todd Swanson sold 6,202 shares of the firm's stock in a transaction on Tuesday, August 15th. The shares were sold on July 17th for an average price of $27.36. Stocks with higher EPS growth rates are generally more preferred by investors than those with slower earnings-per-share growth rates, though in general high growth rates have a propensity to revert over the longer term to more even growth rates. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,961 shares of company stock worth $2,742,336. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lastly, Ameritas Investment Partners increased its position in stocks of Finisar Corporation by 5.5% in the 2nd period. Wellington Management Group LLP now owns 2,828,356 shares of the technology company's stock worth $77,327,000 after buying an additional 2,125,445 shares during the period. Westside Investment Management Inc. purchased a new stake in shares of Finisar Corporation in the 1st quarter worth approximately $150,000. State Board of Administration of Florida Retirement System raised its stake in shares of Finisar Corporation by 0.5% in the first quarter. PNC Financial Services Group Inc. now owns 5,912 shares of the technology company's stock valued at $153,000 after acquiring an additional 1,805 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Finisar Corporation in the 1st quarter worth approximately $193,000.

When completing stock analysis, investors and traders may opt to review other technical levels.

Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications.

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