Finisar (NASDAQ:FNSR) announced its quarterly earnings results on Thursday. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03, Bloomberg Earnings reports. Finisar had a return on equity of 13.11% and a net margin of 16.92%. Finisar updated its Q3 guidance to $0.21-0.27 EPS.

Shares of Finisar (NASDAQ FNSR) opened at $18.05 on Friday. The company has a market capitalization of $1,990.76, a PE ratio of 10.47, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 6.24 and a current ratio of 7.66. Finisar has a 52-week low of $17.20 and a 52-week high of $36.85.

In other news, Director Roger C. Ferguson sold 2,726 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $21.46, for a total value of $58,499.96. Following the completion of the transaction, the director now owns 44,034 shares of the company’s stock, valued at approximately $944,969.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Jerry S. Rawls sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $22.89, for a total value of $457,800.00. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.

A number of research analysts have recently issued reports on the company. Piper Jaffray Companies reiterated an “overweight” rating and issued a $22.00 price target on shares of Finisar in a report on Friday. Needham & Company LLC restated a “strong-buy” rating and set a $34.00 target price (down from $44.00) on shares of Finisar in a research note on Friday, September 8th. Zacks Investment Research upgraded Finisar from a “strong sell” rating to a “hold” rating in a research note on Friday, December 1st. William Blair restated an “ourperform” rating on shares of Finisar in a research note on Thursday, September 7th. Finally, Northland Securities set a $40.00 target price on Finisar and gave the stock a “buy” rating in a research note on Tuesday, August 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Finisar presently has an average rating of “Buy” and a consensus price target of $30.02.

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Finisar 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.

Earnings History for Finisar (NASDAQ:FNSR)

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