Finisar (NASDAQ:FNSR) Upgraded at BidaskClub

BidaskClub upgraded shares of Finisar (NASDAQ:FNSR) from a sell rating to a hold rating in a research note issued to investors on Monday, BidAskClub reports.

Separately, Zacks Investment Research cut Finisar from a hold rating to a strong sell rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. Finisar presently has an average rating of Hold and an average target price of $25.29.

Shares of Finisar stock opened at $22.29 on Monday. Finisar has a twelve month low of $15.81 and a twelve month high of $24.77. The firm has a market capitalization of $2.62 billion, a P/E ratio of 69.66, a PEG ratio of 2.04 and a beta of 1.47. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.43 and a current ratio of 6.79.

Institutional investors and hedge funds have recently modified their holdings of the business. Investors Research Corp acquired a new position in shares of Finisar during the first quarter worth about $37,000. Bessemer Group Inc. acquired a new position in shares of Finisar during the fourth quarter worth about $43,000. Versant Capital Management Inc lifted its stake in shares of Finisar by 117.2% during the first quarter. Versant Capital Management Inc now owns 2,604 shares of the technology company’s stock worth $60,000 after purchasing an additional 1,405 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Finisar by 57.3% during the fourth quarter. Bank of Montreal Can now owns 3,535 shares of the technology company’s stock worth $76,000 after purchasing an additional 1,288 shares in the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new position in shares of Finisar during the fourth quarter worth about $119,000. Institutional investors own 96.61% of the company’s stock.

Finisar Company Profile

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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Analyst Recommendations for Finisar (NASDAQ:FNSR)

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