Press coverage about Finisar Corporation (NASDAQ:FNSR) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Finisar Corporation earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 77 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern’s rankings:
- Finisar Corp (FNSR) Moves -2.23% – Evergreen Caller (evergreencaller.com)
- Finisar Corporation (FNSR) is at $27.40 per share and Workday, Inc. (WDAY) is listed at $103.78 – Stocks Gallery (stocksgallery.com)
- What’s Behind Finisar Corp (FNSR)? Technical Indicators Under Review – Evergreen Caller (evergreencaller.com)
- Investment in is good or Bad for Investors?: Finisar Corporation (FNSR) – Street Observer (press release) (streetobserver.com)
- Friedman Sells 6000 Shares of Amplify Snack Brands, inc. (BETR) Stock (nolopodrasdejardever.com)
A number of research firms have weighed in on FNSR. DA Davidson began coverage on shares of Finisar Corporation in a research note on Thursday, June 29th. They set a “buy” rating and a $40.00 target price on the stock. Zacks Investment Research cut shares of Finisar Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. B. Riley reaffirmed a “buy” rating and set a $38.00 price target on shares of Finisar Corporation in a research report on Sunday, June 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $34.00 price target on shares of Finisar Corporation in a research report on Monday, June 12th. Finally, William Blair reiterated an “outperform” rating on shares of Finisar Corporation in a report on Friday, June 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. Finisar Corporation has a consensus rating of “Buy” and an average target price of $37.27.
Shares of Finisar Corporation (NASDAQ FNSR) opened at 26.87 on Tuesday. Finisar Corporation has a one year low of $18.00 and a one year high of $36.85. The firm has a 50-day moving average of $25.69 and a 200-day moving average of $28.12. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 12.27 and a beta of 1.31.
Finisar Corporation (NASDAQ:FNSR) last posted its earnings results on Thursday, June 15th. The technology company reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. The firm had revenue of $357.50 million during the quarter, compared to analyst estimates of $359.65 million. Finisar Corporation had a net margin of 17.20% and a return on equity of 13.91%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. Equities research analysts forecast that Finisar Corporation will post $2.10 EPS for the current fiscal year.
In other Finisar Corporation news, EVP Todd Swanson sold 6,183 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $27.65, for a total transaction of $170,959.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mark Colyar sold 2,166 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $27.19, for a total transaction of $58,893.54. Following the sale, the senior vice president now owns 44,822 shares in the company, valued at $1,218,710.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,590 shares of company stock valued at $1,813,004. Insiders own 1.34% of the company’s stock.
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About Finisar Corporation
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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