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Finisar (NASDAQ:FNSR) VP Todd Swanson sold 4,946 shares of Finisar stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $20.00, for a total transaction of $98,920.00. Following the completion of the transaction, the vice president now directly owns 182,104 shares in the company, valued at approximately $3,642,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Finisar from an “underperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $20.50 price target on the stock. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Finisar in a research note on Tuesday, August 5th. They now have a $27.00 price target on the stock, down previously from $28.00. Finally, analysts at Barrington Research initiated coverage on shares of Finisar in a research note on Friday, July 11th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $27.86.

Finisar (NASDAQ:FNSR) traded down 2.05% during mid-day trading on Wednesday, hitting $19.56. 1,292,953 shares of the company’s stock traded hands. Finisar has a 1-year low of $19.04 and a 1-year high of $28.85. The stock’s 50-day moving average is $19.95 and its 200-day moving average is $23.15. The company has a market cap of $1.903 billion and a P/E ratio of 18.25. Finisar also was the target of a significant decline in short interest in July. As of July 31st, there was short interest totalling 16,713,633 shares, a decline of 6.9% from the July 15th total of 17,961,597 shares. Currently, 17.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,325,036 shares, the days-to-cover ratio is presently 12.6 days.

Finisar (NASDAQ:FNSR) last announced its earnings results on Thursday, June 12th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.02. The company had revenue of $306.03 million for the quarter, compared to the consensus estimate of $303.92 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. On average, analysts predict that Finisar will post $1.43 earnings per share for the current fiscal year.

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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