Zacks Provided 1.3 Rating to Finisar Corp. (NASDAQ:FNSR)
- Author: Rita Burton Mar 11, 2017,
Mar 11, 2017, 0:42
Finisar Co. (NASDAQ:FNSR) saw a large increase in short interest in February.
Want to see what other hedge funds are holding FNSR? The stock was rated "Hold" by 2 analysts in current phase, 4 analysts rated at "Overweight".
FNSR has been the topic of a number of research reports. According to a research note disclosed on Oct 11, 2016, analysts at Goldman have upped their rating on these shares from Neutral to Buy. "Based on this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold.
01/04/2017 - Finisar Corporation had its "strong buy" rating reiterated by analysts at Needham & Company. Vetr cut shares of Finisar from a "buy" rating to a "hold" rating and set a $35.76 price objective for the company.in a research report on Monday. The stock was sold at an average price of $31.04, for a total value of $43,859.52.
Finisar has gapped open sharply lower Friday morning and is now down 5.83 at $29.05 on above average volume. Finisar has a one year low of $15.21 and a one year high of $36.85. The last stock close price is up 16.53% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. The company has a market cap of $3.82 billion, a PE ratio of 38.96 and a beta of 1.30.More news: IRS owes $1B in unclaimed refunds; get your money!
Finisar Corp. (NASDAQ:FNSR) reported its last quarter results on 12/08/2016. Finisar Corporation had a return on equity of 10.56% and a net margin of 7.31%.
Revenues jumped 23.1% from a year ago to $380.6 million, but missed the $389.69 million that analysts expected.
The company said it expects revenue in the range of $360 million to $380 million for the fiscal fourth quarter. The company's revenue was up 23.1% on a year-over-year basis. For the quarter ending Oct-17, 10 analysts have a mean sales target of 423.59 million whilst for the year ending Apr-17, 12 analysts have a mean target of 1,493.98 million. If you are reading this news story on another domain, it was stolen and reposted in violation of USA & worldwide copyright and trademark laws.
In other news, EVP Julie Sheridan Eng sold 1,413 shares of the company's stock in a transaction on Friday, December 16th.
Market capitalization is the total market value of all of a company's outstanding shares. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,238 shares of company stock valued at $3,592,522. Public Employees Retirement System of OH increased its stake in shares of Finisar Corporation by 12.9% in the second quarter. Dividends are mostly given in terms of cash payments, property or as shares of stock. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Finisar during the fourth quarter worth about $240,000. AQR Capital Management LLC now owns 374,998 shares of the company's stock valued at $11,352,000 after buying an additional 26,313 shares during the period. The new Finisar high-speed photodetector provides the ability to measure, characterize and verify performance accurately and in real-time. Following the completion of the sale, the executive vice president now owns 248,663 shares in the company, valued at approximately $7,768,232.12.