Finisar Corp (FNSR) Files Form 4 Insider Selling : Christopher Brown Sells 18,576 Shares

Finisar Corp (FNSR): Christopher Brown , EVP & Chief Counsel of Finisar Corp sold 18,576 shares on Jun 23, 2016. The Insider selling transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were sold at $17.85 per share for a total value of $335,771.66 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 27, 2016, Joseph A Young (EVP Global Operations) sold 7,500 shares at $18.26 per share price.On Jun 27, 2016, Julie Sheridan Eng (EVP Datacom Engineering) sold 1,274 shares at $17.81 per share price.Also, On Jun 23, 2016, Roger C Ferguson (director) sold 1,250 shares at $18.52 per share price.On Jun 21, 2016, Christopher Brown (EVP & Chief Counsel) sold 70,212 shares at $19.10 per share price.

Shares of Finisar Corporation (FNSR) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -1.22 points or -6.44% at $17.72 with 21,47,456 shares getting traded. Post opening the session at $17.75, the shares hit an intraday low of $17.6 and an intraday high of $18.0799 and the price vacillated in this range throughout the day. The company has a market cap of $1,909 M and the number of outstanding shares has been calculated to be 10,77,06,776 shares. The 52-week high of Finisar Corporation is $19.955 and the 52-week low is $10.66.

Finisar Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Finisar Corporation is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 24 from a previous price target of $22 .The Rating was issued on Jun 17, 2016.Finisar Corporation is Reiterated by MKM Partners to Neutral and the brokerage firm has raised the Price Target to $ 21 from a previous price target of $19 .The Rating was issued on Jun 17, 2016.

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 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 2000 kilometers.

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