Finisar Corporation (FNSR) : Analyst Rating Update

Finisar Corporation (FNSR) : 12 analysts are covering Finisar Corporation (FNSR) and their average rating on the stock is 2.33, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Finisar Corporation (FNSR) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Finisar Corporation (FNSR) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $25 and the lowest price target forecast is $14. The average forecast of all the analysts is $20.85 and the expected standard deviation is $3.64.

Finisar Corporation (NASDAQ:FNSR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.95 and $16.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.36, notching a gain of 2.00% for the day. The total traded volume was 1,041,451 . The stock had closed at $17.02 on the previous day.

Also, Barclays maintains its view on Finisar Corporation (NASDAQ:FNSR) according to the research report released by the firm to its investors. The shares have now been rated Equalweight by the stock experts at the ratings house. Barclays raises the price target from $17 per share to $20 per share on Finisar Corporation. The rating by the firm was issued on June 17, 2016. The company shares have dropped -3.57% from its 1 Year high price. On Jun 17, 2016, the shares registered one year high at $19.20 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $17.11 and the 200 Day Moving Average price is recorded at $15.73.

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.

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