Finisar Corporation (NASDAQ:FNSR) Chairman Jerry S. Rawls sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $22.89, for a total transaction of $457,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Finisar Corporation (NASDAQ FNSR) traded down $2.94 during trading hours on Friday, hitting $19.16. 97,317 shares of the company’s stock traded hands, compared to its average volume of 3,469,546. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 11.35 and a beta of 1.19.

Finisar Corporation (NASDAQ:FNSR) last released its quarterly earnings data on Thursday, September 7th. The technology company reported $0.40 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. Finisar Corporation had a net margin of 16.92% and a return on equity of 13.11%. The firm had revenue of $341.80 million for the quarter, compared to the consensus estimate of $341.22 million. During the same period in the previous year, the company earned $0.38 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. sell-side analysts forecast that Finisar Corporation will post 1.07 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. increased its holdings in shares of Finisar Corporation by 0.8% in the first quarter. Prudential Financial Inc. now owns 15,535 shares of the technology company’s stock valued at $425,000 after purchasing an additional 120 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Finisar Corporation by 1.6% in the second quarter. Teacher Retirement System of Texas now owns 8,890 shares of the technology company’s stock valued at $231,000 after purchasing an additional 136 shares during the last quarter. Virginia Retirement Systems ET AL increased its holdings in shares of Finisar Corporation by 0.3% in the second quarter. Virginia Retirement Systems ET AL now owns 91,600 shares of the technology company’s stock valued at $2,380,000 after purchasing an additional 300 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Finisar Corporation by 2.9% in the second quarter. Amalgamated Bank now owns 13,912 shares of the technology company’s stock valued at $361,000 after purchasing an additional 396 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Finisar Corporation by 5.5% in the second quarter. Ameritas Investment Partners Inc. now owns 9,795 shares of the technology company’s stock valued at $254,000 after purchasing an additional 507 shares during the last quarter. Hedge funds and other institutional investors own 87.67% of the company’s stock.

A number of analysts have recently commented on the stock. Northland Securities reissued a “buy” rating and issued a $40.00 price objective on shares of Finisar Corporation in a research report on Friday, July 28th. Stifel Nicolaus reissued a “buy” rating and issued a $33.00 price objective on shares of Finisar Corporation in a research report on Saturday, July 22nd. BidaskClub lowered shares of Finisar Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Finisar Corporation from a “sell” rating to a “hold” rating and set a $27.00 price objective on the stock in a research report on Tuesday, August 15th. Finally, Jefferies Group LLC assumed coverage on shares of Finisar Corporation in a research report on Wednesday. They issued a “buy” rating and a $28.50 price objective on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Finisar Corporation has an average rating of “Buy” and a consensus price target of $32.60.

Finisar Corporation Company Profile

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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