Economy

What's Ahead for Finisar Corporation (FNSR) After Reaching 1 Year Low?

Media headlines about Finisar Corporation (NASDAQ:FNSR) have been trending somewhat positive recently, Accern reports.

Several research firms have recently issued reports on FNSR. The stock of Finisar Corporation (NASDAQ:FNSR) has "Buy" rating given on Thursday, October 12 by Stifel Nicolaus. DA Davidson restated a "buy" rating and issued a $40.00 price target on shares of Finisar Corporation in a research report on Thursday, September 7th. Also, Chairman Jerry S. Rawls sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 1st. Needham & Company LLC increased their price objective on Finisar Corp. from $32.00 to $36.00 and gave the stock a buy rating in a report on Monday, September 19th. The stock has "Buy" rating by Dougherty on Friday, June 16. The company presently has a consensus rating of Buy and an average price target of $32.60. About shares traded. Finisar Corporation (NASDAQ:FNSR) has risen 53.92% since November 7, 2016 and is uptrending. Finisar Corp. (NASDAQ:FNSR) has a 20-Day average volume of 3.59 Million.

Finisar Corporation (FNSR) now has P/E (Price to Earnings) ratio of 9.11 while the company's industry has 15.11 P/E and the sector P/E is 17.68. The company has a current ratio of 7.66, a quick ratio of 6.24 and a debt-to-equity ratio of 0.44. Finisar Corp. The firm has a market cap of $3.41 billion, a PE ratio of 60.59 and a beta of 1.42. (NASDAQ:FNSR) last issued its quarterly earnings data on Thursday, September 8th. The technology company reported $0.40 EPS for the quarter, hitting analysts' consensus estimates of $0.40.

Among 15 analysts covering Finisar Corporation (NASDAQ:FNSR), 13 have Buy rating, 0 Sell and 2 Hold.

Finisar Corp. has a 52 week low of $11.26 and a 52 week high of $34.99. Finisar Corporation's quarterly revenue was up.1% on a year-over-year basis. equities research analysts anticipate that Finisar Corporation will post 1.07 earnings per share for the current year. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & worldwide trademark & copyright law. The original version of this news story can be viewed at https://baseballnewssource.com/markets/finisar-corporation-fnsr-downgraded-by-thestreet/1753429.html. These ratios are important while doing valuation of the company or the shares of the company. The stock was sold at an average price of $21.46, for a total transaction of $58,499.96. Following the transaction, the executive vice president now directly owns 257,741 shares in the company, valued at approximately $7,417,785.98. The sale was disclosed in a filing with the SEC, which is available at this link.

In related news, Director Roger C. Ferguson sold 2,726 shares of the firm's stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $28.78, for a total transaction of $177,946.74. The disclosure for this sale can be found here.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -25.3%, and has a solid year to date (YTD) performance of -35.91% which means that the stock is constantly adding to its value from the previous fiscal year end price.

"Shares outstanding" refers to the total number of shares of a public company held by any individual or group, including institutional investors as well as company insiders and officers.

Finisar Corp. (NASDAQ:FNSR) gross margin percentage stands at 35.2% while its operating margin for the past trailing twelve month is 12.3 percent and its overall profit margin (ttm) is 16.9 Percent. It turned negative, as 48 investors sold Finisar Corporation shares while 67 reduced holdings. Capital Research Global Investors now owns 13,651,050 shares of the technology company's stock valued at $354,654,000 after purchasing an additional 359,709 shares in the last quarter. Finally, Endurance Wealth Management Inc. grew its position in Finisar Corporation by 506.1% in the 3rd quarter. During the same period in the prior year, the company posted $0.38 earnings per share. Fisher Asset Management LLC raised its stake in shares of Finisar Corp.by 1.7% in the second quarter. Northern Trust Corp now owns 2,907,058 shares of the technology company's stock worth $75,525,000 after purchasing an additional 107,680 shares in the last quarter. State Street Corp raised its position in Finisar Corp.by 4.2% in the first quarter. State Street Corp now owns 2,199,440 shares of the technology company's stock worth $57,141,000 after purchasing an additional 121,724 shares in the last quarter. Vanguard Group Inc. now owns 8,908,237 shares of the technology company's stock worth $231,435,000 after purchasing an additional 208,692 shares in the last quarter. Gradient Invests Ltd Liability Com accumulated 11,696 shares or 0.02% of the stock.

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



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