Finisar Price Target Increased to $19.00 by Analysts at MKM Partners (FNSR)
Shares of Finisar traded down 6.63% during mid-day trading on Friday, hitting $14.79. Finisar has a 52 week low of $10.95 and a 52 week high of $20.54. The stock’s 50-day moving average is currently $15.24. The company has a market cap of $1.373 billion and a P/E ratio of 69.17.
Finisar last released its earnings data on Thursday, March 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $238.35 million for the quarter, compared to the consensus estimate of $238.86 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Finisar has set its Q4 guidance at $0.15-0.19 EPS. Analysts expect that Finisar will post $0.59 EPS for the current fiscal year.
A number of other firms have also recently commented on FNSR. Analysts at Needham & Company raised their price target on shares of Finisar from $18.00 to $20.00 in a research note to investors on Friday. Finally, analysts at Jefferies Group downgraded shares of Finisar from a “hold” rating to an “underperform” rating in a research note to investors on Friday, January 18th. They now have a $7.50 price target on the stock.
Finisar Corporation (Finisar) is a provider of optical subsystems and components that is used in data communication and telecommunication applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.