Finisar Corp (FNSR) Files Form 4 Insider Selling : Roger C Ferguson Sells 2,853 Shares

Finisar Corp (FNSR): Roger C Ferguson , director of Finisar Corp sold 2,853 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 26, 2016 to the Securities and Exchange Commission. The shares were sold at $29.05 per share for a total value of $82,879.65 , 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 22, 2016, Jerry S Rawls (Chairman of the Board & CEO) sold 30,000 shares at $28.58 per share price.On Sep 19, 2016, Todd Swanson (EVP Sales / Marketing / R&D) sold 6,183 shares at $28.25 per share price.Also, On Sep 16, 2016, Christopher Brown (EVP & Chief Counsel) sold 8,400 shares at $28.50 per share price.On Sep 16, 2016, Joseph A Young (EVP Global Operations) sold 103,323 shares at $27.76 per share price.

Finisar Corporation: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Finisar Corporation which led to swings in the share price. The shares opened for trading at $29.05 and hit $29.4 on the upside , eventually ending the session at $29.33, with a gain of 1.38% or 0.4 points. The heightened volatility saw the trading volume jump to 21,60,888 shares. The 52-week high of the share price is $29.245 and the company has a market cap of $3,233 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 $ 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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