Press coverage about Finisar (NASDAQ:FNSR) has trended somewhat negative recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Finisar earned a news sentiment score of -1.33 on their scale. InfoTrie also gave press coverage about the technology company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Finisar’s score:
- Goldman Sachs Group Upgrades Finisar (FNSR) to Neutral (americanbankingnews.com)
- Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of Finisar Corporation (FNSR) on Behalf of Stockholders and Encourages FNSR Investors to Contact the Firm (feeds.benzinga.com)
- Finisar (FNSR) Downgraded to “Hold” at DA Davidson (americanbankingnews.com)
- Finisar (FNSR) Cut to Neutral at Piper Jaffray Companies (americanbankingnews.com)
- Finisar (FNSR) Stock: Gaining On Acquisition News (cnafinance.com)
Several equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Finisar from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Goldman Sachs Group raised shares of Finisar from a “sell” rating to a “neutral” rating in a report on Friday. Morgan Stanley downgraded shares of Finisar from an “overweight” rating to an “equal weight” rating and set a $20.00 price target for the company. in a report on Thursday, September 13th. Zacks Investment Research downgraded shares of Finisar from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. Finally, ValuEngine raised shares of Finisar from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $23.46.
Shares of NASDAQ FNSR opened at $21.79 on Friday. Finisar has a 1-year low of $14.25 and a 1-year high of $25.41. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 68.09, a P/E/G ratio of 2.95 and a beta of 1.42. The company has a quick ratio of 2.98, a current ratio of 3.65 and a debt-to-equity ratio of 0.31.
Finisar (NASDAQ:FNSR) last announced its earnings results on Thursday, September 6th. The technology company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.06. Finisar had a negative net margin of 6.71% and a positive return on equity of 1.24%. The company had revenue of $317.30 million during the quarter, compared to the consensus estimate of $315.77 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The company’s revenue was down 7.2% on a year-over-year basis. On average, equities research analysts anticipate that Finisar will post 0.47 earnings per share for the current year.
In other news, Director Jerry S. Rawls sold 40,000 shares of Finisar stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $19.24, for a total transaction of $769,600.00. Following the completion of the sale, the director now owns 483,258 shares in the company, valued at approximately $9,297,883.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Roger C. Ferguson sold 3,000 shares of Finisar stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $18.44, for a total transaction of $55,320.00. Following the sale, the director now owns 32,920 shares of the company’s stock, valued at approximately $607,044.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,208 shares of company stock valued at $2,083,508. 1.11% of the stock is owned by corporate insiders.
Finisar Corporation provides components and subsystems to networking equipment manufacturers, data center operators, telecom service providers, consumer electronics, and automotive companies in the United States, China, Malaysia, and internationally. The company's optical subsystems primarily include transmitters, receivers, transceivers, transponders, and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in wireline networks comprising switches, routers, and servers, as well as wireless networks, such as antennas and base stations.
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