Finisar Corporation (NASDAQ: FNSR) recently received a number of ratings updates from brokerages and research firms:

  • 9/12/2017 – Finisar Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $30.75 price target on the stock.
  • 9/11/2017 – Finisar Corporation had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $31.00 price target on the stock, down previously from $33.00.
  • 9/8/2017 – Finisar Corporation had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $28.00 price target on the stock, down previously from $38.00.
  • 9/8/2017 – Finisar Corporation had its “strong-buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $34.00 price target on the stock, down previously from $44.00.
  • 9/8/2017 – Finisar Corporation had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $26.00 price target on the stock, down previously from $36.00.
  • 9/8/2017 – Finisar Corporation had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $32.00 price target on the stock, down previously from $37.00.
  • 9/8/2017 – Finisar Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $28.50 price target on the stock, down previously from $34.00.
  • 9/7/2017 – Finisar Corporation had its “ourperform” rating reaffirmed by analysts at William Blair.
  • 9/7/2017 – Finisar Corporation had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $40.00 price target on the stock.
  • 9/6/2017 – Finisar Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $38.00 price target on the stock.
  • 9/5/2017 – Finisar Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $30.00 price target on the stock, down previously from $33.00.
  • 9/5/2017 – Finisar Corporation had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $30.00 price target on the stock, down previously from $32.00.
  • 9/4/2017 – Finisar Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “FINISAR CORP. is a provider of fiber optic subsystems and network test and monitoring systems which enable high-speed data communications over local area networks, or LANs, storage area networks, or SANs, and metropolitan access networks, or MANs. They are focused on the application of digital fiber optics to provide aline of high-performance, reliable, value-added optical subsystems for data networking and storage equipment manufacturers. “
  • 9/1/2017 – Finisar Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/29/2017 – Finisar Corporation was given a new $40.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 8/22/2017 – Finisar Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FINISAR CORP. is a provider of fiber optic subsystems and network test and monitoring systems which enable high-speed data communications over local area networks, or LANs, storage area networks, or SANs, and metropolitan access networks, or MANs. They are focused on the application of digital fiber optics to provide aline of high-performance, reliable, value-added optical subsystems for data networking and storage equipment manufacturers. “
  • 8/15/2017 – Finisar Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $27.00 price target on the stock. According to Zacks, “FINISAR CORP. is a provider of fiber optic subsystems and network test and monitoring systems which enable high-speed data communications over local area networks, or LANs, storage area networks, or SANs, and metropolitan access networks, or MANs. They are focused on the application of digital fiber optics to provide aline of high-performance, reliable, value-added optical subsystems for data networking and storage equipment manufacturers. “
  • 8/2/2017 – Finisar Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – Finisar Corporation had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $40.00 price target on the stock.
  • 7/22/2017 – Finisar Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $33.00 price target on the stock.

Finisar Corporation (NASDAQ FNSR) opened at 21.99 on Thursday. The stock has a market cap of $2.50 billion, a P/E ratio of 10.34 and a beta of 1.33. Finisar Corporation has a 12-month low of $20.16 and a 12-month high of $36.85. The stock has a 50 day moving average price of $24.46 and a 200 day moving average price of $25.92.

Finisar Corporation (NASDAQ:FNSR) last announced its quarterly earnings data on Thursday, September 7th. The technology company reported $0.40 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. The business had revenue of $341.80 million during the quarter, compared to the consensus estimate of $341.22 million. Finisar Corporation had a net margin of 16.92% and a return on equity of 13.11%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share. On average, analysts forecast that Finisar Corporation will post $1.53 earnings per share for the current fiscal year.

In other Finisar Corporation news, EVP Todd Swanson sold 6,202 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $24.34, for a total value of $150,956.68. Following the completion of the sale, the executive vice president now directly owns 217,005 shares in the company, valued at $5,281,901.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Jerry S. Rawls sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $27.58, for a total transaction of $689,500.00. Following the completion of the sale, the chairman now owns 815,188 shares of the company’s stock, valued at $22,482,885.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,961 shares of company stock worth $2,742,336. Corporate insiders own 1.02% of the company’s stock.

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.

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