Finisar Corp (FNSR) Files Form 4 Insider Selling : Jerry S Rawls Sells 30,000 Shares

Finisar Corp (FNSR): Jerry S Rawls , Chairman of the Board & CEO of Finisar Corp sold 30,000 shares on Sep 20, 2016. The Insider selling transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were sold at $28.58 per share for a total value of $857,532.00 , 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 19, 2016, Todd Swanson (EVP Sales / Marketing / R&D) sold 6,183 shares at $28.25 per share price.On Sep 16, 2016, Christopher Brown (EVP & Chief Counsel) sold 8,400 shares at $28.50 per share price.Also, On Sep 16, 2016, Joseph A Young (EVP Global Operations) sold 103,323 shares at $27.76 per share price.On Sep 15, 2016, John H Clark (EVP & Chief Technology Officer) sold 17,325 shares at $26.97 per share price.

Shares of Finisar Corporation (FNSR) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.46 points or -1.60% at $28.28 with 23,87,655 shares getting traded. Post opening the session at $28.78, the shares hit an intraday low of $28.22 and an intraday high of $29.07 and the price vacillated in this range throughout the day. The company has a market cap of $3,117 M and the number of outstanding shares has been calculated to be 11,02,36,575 shares. The 52-week high of Finisar Corporation is $29.245 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 $ 36 from a previous price target of $32 .The Rating was issued on Sep 19, 2016.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 (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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