Finisar Corporation (NASDAQ:FNSR) EVP Todd Swanson sold 6,202 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $24.34, for a total transaction of $150,956.68. Following the completion of the sale, the executive vice president now owns 217,005 shares of the company’s stock, valued at approximately $5,281,901.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Todd Swanson also recently made the following trade(s):

  • On Monday, July 17th, Todd Swanson sold 6,183 shares of Finisar Corporation stock. The shares were sold at an average price of $27.36, for a total transaction of $169,166.88.
  • On Friday, June 16th, Todd Swanson sold 6,183 shares of Finisar Corporation stock. The stock was sold at an average price of $27.65, for a total transaction of $170,959.95.

Finisar Corporation (NASDAQ:FNSR) traded down 0.92% during trading on Thursday, reaching $23.67. 1,300,040 shares of the company were exchanged. The firm’s 50 day moving average price is $26.25 and its 200-day moving average price is $27.18. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 10.81 and a beta of 1.32. Finisar Corporation has a one year low of $20.05 and a one year high of $36.85.

Finisar Corporation (NASDAQ:FNSR) last released its quarterly earnings data on Thursday, June 15th. The technology company reported $0.50 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. The business had revenue of $357.50 million for the quarter, compared to the consensus estimate of $359.65 million. Finisar Corporation had a net margin of 17.20% and a return on equity of 13.91%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, equities research analysts predict that Finisar Corporation will post $2.10 earnings per share for the current year.

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Several large investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC boosted its stake in shares of Finisar Corporation by 4.4% in the first quarter. Acrospire Investment Management LLC now owns 3,991 shares of the technology company’s stock valued at $109,000 after buying an additional 168 shares in the last quarter. Fortaleza Asset Management Inc. bought a new stake in shares of Finisar Corporation during the second quarter valued at $138,000. Westside Investment Management Inc. bought a new stake in shares of Finisar Corporation during the first quarter valued at $150,000. PNC Financial Services Group Inc. boosted its stake in shares of Finisar Corporation by 43.9% in the second quarter. PNC Financial Services Group Inc. now owns 5,912 shares of the technology company’s stock valued at $153,000 after buying an additional 1,805 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Finisar Corporation during the first quarter valued at $193,000. Hedge funds and other institutional investors own 97.45% of the company’s stock.

FNSR has been the subject of a number of research reports. MKM Partners restated a “buy” rating and set a $32.00 target price (down previously from $41.00) on shares of Finisar Corporation in a research note on Friday, April 21st. Raymond James Financial, Inc. restated a “strong-buy” rating on shares of Finisar Corporation in a research note on Friday, April 21st. Jefferies Group LLC restated a “buy” rating and set a $34.00 target price on shares of Finisar Corporation in a research note on Friday, May 5th. Zacks Investment Research cut shares of Finisar Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. Finally, ValuEngine cut shares of Finisar Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. Finisar Corporation has an average rating of “Buy” and an average price target of $36.27.

About Finisar Corporation

Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Company’s optical subsystems consist of transmitters, receivers, transceivers, transponders and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in these networks, including the switches, routers, and servers used in wireline networks.

Insider Buying and Selling by Quarter for Finisar Corporation (NASDAQ:FNSR)

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