Finisar Corp (FNSR) Files Form 4 Insider Selling : Christopher Brown Sells 70,212 Shares

Finisar Corp (FNSR): Christopher Brown , EVP & Chief Counsel of Finisar Corp sold 70,212 shares on Jun 17, 2016. The Insider selling transaction was reported by the company on Jun 21, 2016 to the Securities and Exchange Commission. The shares were sold at $19.10 per share for a total value of $1,341,049.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 30, 2016, Jerry S Rawls (Chairman of the Board & CEO) sold 25,038 shares at $18.00 per share price.On Mar 30, 2016, Kurt Adzema (EVP & Chief Financial Officer) sold 42,628 shares at $18.24 per share price.Also, On Mar 24, 2016, Joseph A Young (EVP Global Operations) sold 17,697 shares at $18.67 per share price.On Mar 24, 2016, Roger C Ferguson (director) sold 2,750 shares at $18.02 per share price.

Finisar Corporation: On Monday, Jun 20, 2016 heightened volatility was witnessed in Finisar Corporation which led to swings in the share price. The shares opened for trading at $18.99 and hit $19.15 on the upside , eventually ending the session at $18.83, with a gain of 0.48% or 0.09 points. The heightened volatility saw the trading volume jump to 25,83,283 shares. The 52-week high of the share price is $20.06 and the company has a market cap of $2,028 M . The 52-week low of the share price is at $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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