Finisar Corp (FNSR) Files Form 4 Insider Selling : Christopher Brown Sells 2,470 Shares

Finisar Corp (FNSR): Christopher Brown , EVP & Chief Counsel of Finisar Corp sold 2,470 shares on Sep 9, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $26.50 per share for a total value of $65,455.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 2, 2016, Joseph A Young (EVP Global Operations) sold 5,545 shares at $21.90 per share price.On Aug 23, 2016, Mark Colyar (GM & SVP Engineering) sold 39,225 shares at $20.75 per share price.Also, On Aug 17, 2016, Julie Sheridan Eng (EVP Datacom Engineering) sold 178 shares at $20.00 per share price.On Aug 17, 2016, Christopher Brown (EVP & Chief Counsel) sold 5,887 shares at $20.00 per share price.

Finisar Corporation: On Monday, Sep 12, 2016 heightened volatility was witnessed in Finisar Corporation which led to swings in the share price. The shares opened for trading at $25.54 and hit $27.13 on the upside , eventually ending the session at $26.85, with a gain of 2.48% or 0.65 points. The heightened volatility saw the trading volume jump to 4,221,480 shares. The 52-week high of the share price is $27.5 and the company has a market cap of $2,960 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 Stifel to Buy and the brokerage firm has raised the Price Target to $ 33 from a previous price target of $28 .The Rating was issued on Sep 9, 2016.Finisar Corporation is Upgraded by MKM Partners to Buy and the brokerage firm has raised the Price Target to $ 35 from a previous price target of $21 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Sep 9, 2016.Finisar Corporation is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 27 from a previous price target of $20 .The Rating was issued on Sep 9, 2016.Finisar Corporation is Upgraded by Stifel to Buy and the brokerage firm has set the Price Target at $28. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Sep 6, 2016.Finisar Corporation is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 28 from a previous price target of $24 .The Rating was issued on Sep 6, 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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