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A number of firms have modified their ratings and price targets on shares of Finisar (NASDAQ: FNSR) recently:

  • Finisar had its “strong-buy” rating reaffirmed by analysts at Raymond James. They now have a $28.00 price target on the stock, down previously from $35.00.
  • Finisar had its price target lowered by analysts at MKM Partners from $30.00 to $26.00. They now have a “buy” rating on the stock.
  • Finisar was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating. They now have a $23.00 price target on the stock, down previously from $30.00.
  • Finisar had its price target lowered by analysts at B. Riley from $35.75 to $30.00. They now have a “buy” rating on the stock.
  • Finisar had its price target lowered by analysts at Stifel from $31.00 to $26.00. They now have a “buy” rating on the stock.
  • Finisar was downgraded by analysts at Zacks from a “neutral” rating to an “underperform” rating. They now have a $18.60 price target on the stock.

Finisar Co. (NASDAQ:FNSR) traded down 1.06% on Thursday, hitting $19.63. 3,428,139 shares of the company’s stock traded hands. Finisar Co. has a 52 week low of $15.23 and a 52 week high of $28.85. The stock’s 50-day moving average is $23.5 and its 200-day moving average is $24.00. The company has a market cap of $1.903 billion and a P/E ratio of 18.20.

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

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