Finisar (NASDAQ: FNSR) recently received a number of ratings updates from brokerages and research firms:

  • 9/19/2016 – Finisar had its price target raised by analysts at Needham & Company LLC from $32.00 to $36.00. They now have a “buy” rating on the stock.
  • 9/14/2016 – Finisar was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $32.00 price target on the stock. According to Zacks, “FINISAR CORP. is a provider of fiber optic subsystems and network test and monitoring systems which enable high-speed data communications over local area networks, or LANs, storage area networks, or SANs, and metropolitan access networks, or MANs. They are focused on the application of digital fiber optics to provide aline of high-performance, reliable, value-added optical subsystems for data networking and storage equipment manufacturers. “
  • 9/13/2016 – Finisar had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $36.00 price target on the stock, up previously from $32.00.
  • 9/12/2016 – Finisar had its price target raised by analysts at Stifel Nicolaus from $28.00 to $33.00. They now have a “buy” rating on the stock.
  • 9/11/2016 – Finisar had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $32.25 price target on the stock.
  • 9/9/2016 – Finisar was upgraded by analysts at William Blair from a “market perform” rating to an “outperform” rating. They wrote, “This improved product mix is setting the floor on margins, leaving us optimistic the company can overcome annual telecom price negations in the second half of the year or improve margins further as new growth products and volumes expand.”
  • 9/9/2016 – Finisar was upgraded by analysts at MKM Partners from a “neutral” rating to a “buy” rating. They now have a $35.00 price target on the stock, up previously from $21.00.
  • 9/9/2016 – Finisar had its price target raised by analysts at Barclays PLC from $20.00 to $27.00. They now have an “equal weight” rating on the stock.
  • 9/9/2016 – Finisar had its price target raised by analysts at Goldman Sachs Group Inc. from $21.00 to $24.00. They now have a “neutral” rating on the stock.
  • 9/9/2016 – Finisar had its price target raised by analysts at Jefferies Group from $19.00 to $28.00. They now have a “hold” rating on the stock.
  • 9/6/2016 – Finisar had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $24.50 price target on the stock.
  • 9/6/2016 – Finisar was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock.
  • 9/6/2016 – Finisar had its price target raised by analysts at Needham & Company LLC from $24.00 to $28.00. They now have a “buy” rating on the stock.
  • 9/6/2016 – Finisar had its “overweight” rating reaffirmed by analysts at Piper Jaffray Cos.. They now have a $24.00 price target on the stock.
  • 8/17/2016 – Finisar was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “FINISAR CORP. is a provider of fiber optic subsystems and network test and monitoring systems which enable high-speed data communications over local area networks, or LANs, storage area networks, or SANs, and metropolitan access networks, or MANs. They are focused on the application of digital fiber optics to provide aline of high-performance, reliable, value-added optical subsystems for data networking and storage equipment manufacturers. “
  • 8/16/2016 – Finisar was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $24.00 price target on the stock. According to Zacks, “FINISAR CORP. is a provider of fiber optic subsystems and network test and monitoring systems which enable high-speed data communications over local area networks, or LANs, storage area networks, or SANs, and metropolitan access networks, or MANs. They are focused on the application of digital fiber optics to provide aline of high-performance, reliable, value-added optical subsystems for data networking and storage equipment manufacturers. “
  • 7/28/2016 – Finisar was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FINISAR CORP. is a provider of fiber optic subsystems and network test and monitoring systems which enable high-speed data communications over local area networks, or LANs, storage area networks, or SANs, and metropolitan access networks, or MANs. They are focused on the application of digital fiber optics to provide aline of high-performance, reliable, value-added optical subsystems for data networking and storage equipment manufacturers. “

Shares of Finisar Co. (NASDAQ:FNSR) traded up 2.26% during midday trading on Wednesday, hitting $28.92. 1,659,342 shares of the stock were exchanged. Finisar Co. has a 12-month low of $10.66 and a 12-month high of $29.25. The company has a market cap of $3.19 billion, a PE ratio of 56.59 and a beta of 1.39. The firm has a 50-day moving average price of $22.22 and a 200-day moving average price of $18.58.

Finisar (NASDAQ:FNSR) last released its quarterly earnings results on Thursday, September 8th. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.08. The business earned $341.30 million during the quarter, compared to analyst estimates of $331.34 million. Finisar had a net margin of 4.32% and a return on equity of 7.61%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS. On average, equities analysts predict that Finisar Co. will post $1.73 EPS for the current year.

In other Finisar news, EVP Christopher Brown sold 14,584 shares of the firm’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $19.10, for a total transaction of $278,554.40. Following the completion of the transaction, the executive vice president now directly owns 151,578 shares of the company’s stock, valued at approximately $2,895,139.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Mark Colyar sold 39,225 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $20.75, for a total transaction of $813,918.75. Following the transaction, the senior vice president now directly owns 95,633 shares of the company’s stock, valued at $1,984,384.75. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.

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.

5 Day Chart for NASDAQ:FNSR

Receive News & Ratings for Finisar Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finisar Co and related companies with MarketBeat.com's FREE daily email newsletter.