Finisar Corporation (FNSR) Shares are Down -0.87%

Finisar Corporation (FNSR) has risen sharply, recording gains of 9.22% in the past 4 weeks. However, the stock has corrected -0.87% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 9.45% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 3.55% and the fifty day Moving Average is 8.77%. Finisar Corp. is up 24.11% in the last three month period. Year-to-Date the stock performance stands at 40.92%.

Finisar Corporation (FNSR) : The consensus price target for Finisar Corporation (FNSR) is $20.85 for the short term with a standard deviation of $3.64. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $25, however, the pessimist price target for the company is $14.


Finisar Corporation (NASDAQ:FNSR): The stock was completely flat for the day, closing at $20.49 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $20.51, the stock touched an intraday high of $20.60 and a low of $20.29. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $20.49. The total trading volume on Friday was 1,007,359.

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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