Finisar Corp. Now Covered by Analysts at Barclays Capital (FNSR)
Stock analysts at Barclays Capital initiated coverage on shares of Finisar Corp. (NASDAQ:FNSR) in a report issued on Wednesday, Stock Ratings Network.com reports. The firm set an “overweight” rating on the stock.
A number of other analysts have also recently weighed in on FNSR. Analysts at Raymond James raised their price target on shares of Finisar Corp. (NASDAQ:FNSR) from $24.00 to $28.00 in a research note to investors on Friday, September 6th. They now have an “outperform” rating on the stock. Separately, analysts at Piper Jaffray Cos. raised their price target on shares of Finisar Corp. (NASDAQ:FNSR) from $26.00 to $32.00 in a research note to investors on Friday, September 6th. They now have an “overweight” rating on the stock. Finally, analysts at MKM Partners raised their price target on shares of Finisar Corp. (NASDAQ:FNSR) from $26.00 to $30.00 in a research note to investors on Friday, September 6th. They now have a “buy” rating on the stock.
One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Finisar Corp. currently has a consensus rating of “Buy” and an average price target of $24.28.
Shares of Finisar Corp. (NASDAQ:FNSR) opened at 23.68 on Wednesday. Finisar Corp. has a one year low of $10.95 and a one year high of $25.00. The stock has a 50-day moving average of $20.79 and a 200-day moving average of $15.97. The company has a market cap of $2.240 billion and a price-to-earnings ratio of 83.09.
Finisar Corp. (NASDAQ:FNSR) last released its earnings data on Thursday, September 5th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $266.07 million for the quarter, compared to the consensus estimate of $263.15 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. Analysts expect that Finisar Corp. will post $1.43 EPS for the current fiscal year.
In other Finisar Corp. news, VP Joseph A. Young unloaded 5,000 shares of the stock in a transaction dated Sunday, September 8th. The shares were sold at an average price of $24.79, for a total transaction of $123,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Finisar Corporation develops and provides fiber optic subsystems and network performance test systems which enable data communications over local area networks, or LANs, and storage area networks, or SANs.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.