July 23, 2017

Finisar Co. (FNSR) EVP Sells 6183 Shares of Stock

20 May 2017, 02:51 | Austin Hogan

They presently have a $34.00 target price on the technology company's stock.

Sell-side analysts also have something to say about this company. Stifel Nicolaus cut their target price on shares of Finisar from $42.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, March 10th. Zacks Investment Research upgraded Finisar from a "sell" rating to a "hold" rating in a report on Thursday, February 16th. Finally, MKM Partners reiterated a "buy" rating and issued a $32.00 price target (down from $41.00) on shares of Finisar in a research note on Friday, April 21st. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The company has a consensus rating of "Buy" and an average target price of $37.67.

The share price of Finisar Corporation (NASDAQ:FNSR) was up +1.98% during the last trading session, with a day high of 25.30. The stock's 50-day moving average price is $23.99 and its 200 day moving average price is $29.19. The company has a market capitalization of $2.54 billion, a P/E ratio of 19.40 and a beta of 1.30. Finisar Corporation has a 52-week low of 15.21 and a 52-week high of 36.85.

Finisar (NASDAQ:FNSR) last released its quarterly earnings data on Thursday, March 9th. The company is expected to report EPS as high as $0.65 and as low as $0.52 per share. The company had revenue of $380.60 million during the quarter, compared to analyst estimates of $389.69 million. Over the short term, some market observers may have noticed that Finisar Corporation has a 10.48% short float with 15 days to cover. The business's revenue for the quarter was up 23.1% compared to the same quarter previous year. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.59. Equities analysts anticipate that Finisar will post $2.05 earnings per share for the current fiscal year.

Trump seeks to move past controversies as he lands in Riyadh
After Saudi Arabia, Trump will head to Israel and the Palestinian Territories where he hopes to revive the moribund peace process. Mr Trump was greeted by King Salman, they exchanged a handshake and Mr Trump said it was "a great honour" to be there.

Ducks even Western Conference series with 5-3 win over Predators
The Predators, who had two goals waved off in the third period, outshot the Ducks 12-7 in the final 20 minutes and 40-20 overall. It was a valiant — if not foolish — decision, as McLeod received an penalty for instigating and was kicked out of the game.

Great Lakes Advisors LLC Sells 5480 Shares of Kate Spade & Co (KATE)
On average, equities research analysts forecast that Kate Spade & Co will post $0.78 earnings per share for the current year. Mik Capital LLC acquired a new position in shares of Kate Spade & Co during the third quarter valued at about $34,138,000.

With these kinds of figures it is worthy to note that Finisar Corporation (FNSR) has been put into a buy territory, but there are few other spots to consider. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and global copyright & trademark law. The correct version of this news story can be viewed at

Institutional investors now hold around $3.03 billion or 95.7% in FNSR stock. The stock lost -4.80% in total of its share price. Following the completion of the sale, the executive vice president now directly owns 229,219 shares in the company, valued at approximately $5,531,054.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Todd Swanson sold 6,183 shares of the stock in a transaction on Monday, April 17th. They now have a Dollars 27 price target on the stock. Over the last five trading sessions, the stock has moved -5.53%.

Several hedge funds and other institutional investors have recently modified their holdings of FNSR. Wellington Management Group LLP boosted its position in Finisar by 302.4% in the first quarter. Breaking that down further, it has performed -5.41% for the week, -5.83% for the month, 17.98% over the last quarter, 65.35% for the past half-year and 12.90% for this a year ago. BlackRock Advisors LLC boosted its position in shares of Finisar by 11.8% in the third quarter. Driehaus Capital Management LLC increased its position in shares of Finisar by 349.2% in the first quarter. The company had a trading volume of 1,985,357 shares. Finally, Tudor Investment Corp ET AL increased its stake in Finisar by 170.6% in the first quarter. Columbus Circle Investors now owns 992,815 shares of the technology company's stock worth $27,144,000 after buying an additional 965,365 shares during the last quarter.

Other News

Trending Now

Rangers Beat Tigers, 5-3, Extend Winning Streak To 10 Games
According to MLB, Gallo's home run the hardest-hit in their Statcast era by a left-handed batter against a left-handed hitter. Martinez was supported with early runs as Texas scored twice in the third inning and added another run in the fourth.

I won't make mistakes at Manchester United next season - Mourinho
Fellaini limped off during the second half at St Mary's with a muscle injury. "A problem for the weekend, but not the final". Allardyce, asked if he too would field a weakened team were he in Mourinho's position, replied: "No doubt about that.

Microsoft criticizes government creation of hacking tools used in global cyber-attack
The NCA is leading the criminal investigation into the attack, but for operational reasons we can not give a running commentary. French automaker Renault and its partner, Nissan, say their plants were hit by the attack, NBC reports .

'Hero's welcome' for N Korea missile developers
Han Min-koo told South Korea's parliament that Sunday's test had been detected by the controversial U.S. Yesterday, the USA said it could persuade China to impose new United Nations sanctions on North Korea.

Sharp Drop in Israeli Trust of Trump
Pending that, however, the United States should not wait, - it should lead, refusing to let its actions be dictated by terrorists. This message, however, needs to be made loud and clear to our Palestinian neighbors.

French troops will remain in Mali until militants are eradicated- Macron
France has been hard hit by Islamist attacks, which have killed more than 230 people on its territory in the past two years. The victims were soldiers and former fighters trying to stabilize the region after a 2015 agreement with the government.

India strikes gold in men`s compound team event
In the bronze play-off, Verma and Jyothi trailed 38-39 against Wilde and Jamie in the first end and failed to catch up. Needed to win by two points, India posted 36 against USA's 37 which was enough to settle the issue.

Kentucky Derby winner Always Dreaming gets rambunctious
I expected him to come out of it like he hadn't exerted himself, and I think that that's what he's shown. That sentiment was shared by assistant trainer Norman Casse, who is overseeing the training at Pimlico.

John Wall Confident Wizards Can Win Series, Isaiah Thomas Talks Refs Postgame
The Wizards got into the paint with nearly no resistance and despite starting Amir Johnson, there was zero presence on the glass. In Game 3 , Washington strung together a 22-point run that turned a 12-12 game into a blowout that never really got very close.

Thomas injured, Celtics find new low in Game 2 loss to Cavs
They jumped to a 30-19 first-quarter lead in their 117-104 victory over the Celtics in Game 1 on Wednesday night. What a dominant performance, but what an embarrassing mark on the Celtics terrific 2016/2017 season.