Finisar Corporation (NASDAQ:FNSR) : Zacks Investment Research ranks Finisar Corporation (NASDAQ:FNSR) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.33, which indicates as a Buy.
Finisar Corporation (NASDAQ:FNSR) : 10 investment research analysts covering Finisar Corporation (NASDAQ:FNSR) have an average price target of $20.85 for the near short term. The highest target price given by the Brokerage Firm to the stock is $25 and the lowest target is $14 for the short term. Analysts expect the variance to be within $3.64 of the average price.
Company shares have received an average consensus rating of Hold for the current week Also, Barclays maintains its rating on Finisar Corporation (NASDAQ:FNSR). The global brokerage major raises the current price target from $17 per share to $20 per share. Analysts at the Barclays have a current rating of Equalweight on the shares. The rating by the firm was issued on June 17, 2016.
Finisar Corporation (NASDAQ:FNSR): stock turned positive on Tuesday. Though the stock opened at $16.97, the bulls momentum made the stock top out at $17.2 level for the day. The stock recorded a low of $16.93 and closed the trading day at $17.2, in the green by 2.50%. The total traded volume for the day was 1,128,847. The stock had closed at $16.78 in the previous days trading.
In an insider trading activity, Eng Julie Sheridan, officer (EVP Datacom Engineering) of Finisar Corp, unloaded 5,291 shares at an average price of $18.51 on June 22, 2016. The total amount of the transaction was worth $97,936, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Companys optical subsystems consist of transmitters, receivers, transceivers, transponders, optical engines and active optical cables that provide the fundamental optical-electrical, or optoelectronic, interface for interconnecting the electronic equipment used in communication networks, including the switches, routers and servers used in wireline networks, as well as the antennas and base stations used in wireless networks. These products rely on the use of semiconductor lasers and photodetectors in conjunction with integrated circuits and optoelectronic packaging to provide a means for transmitting and receiving digital signals over fiber optic cable at speeds ranging from less than one gigabit per second, to more than 100 gigabits per second, over distances of less than 10 meters to more than 2,000 kilometers.