Media stories about Finisar Corporation (NASDAQ:FNSR) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Finisar Corporation earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.3923123512961 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Finisar Corporation (FNSR)- Stocks under Performance Radar – NASDAQ Times (nasdaqtimes.com)
- $333.50 Million in Sales Expected for Finisar Corporation (FNSR) This Quarter (americanbankingnews.com)
- $0.33 Earnings Per Share Expected for Finisar Corporation (FNSR) This Quarter (americanbankingnews.com)
- May This Data Fuel Up Investor’s Confidence: Finisar Corporation (NASDAQ: FNSR) – Alpha Beta Stock (alphabetastock.com)
- Finisar Corporation Sees Unusually High Options Volume (FNSR) (americanbankingnews.com)
FNSR has been the topic of a number of recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $40.00 target price on shares of Finisar Corporation in a research note on Thursday, September 7th. ValuEngine lowered Finisar Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $30.00 target price (down previously from $32.00) on shares of Finisar Corporation in a research note on Tuesday, September 5th. Northland Securities reiterated a “buy” rating and issued a $40.00 target price on shares of Finisar Corporation in a research note on Friday, July 28th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $28.50 target price (down previously from $34.00) on shares of Finisar Corporation in a research note on Friday, September 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $32.60.
Finisar Corporation (NASDAQ FNSR) opened at 21.94 on Wednesday. Finisar Corporation has a 52 week low of $20.16 and a 52 week high of $36.85. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 10.32 and a beta of 1.31. The stock’s 50 day moving average price is $22.53 and its 200 day moving average price is $24.70.
Finisar Corporation (NASDAQ:FNSR) last posted its quarterly earnings data on Thursday, September 7th. The technology company reported $0.40 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The firm had revenue of $341.80 million for the quarter, compared to the consensus estimate of $341.22 million. Finisar Corporation had a return on equity of 13.11% and a net margin of 16.92%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 EPS. On average, analysts forecast that Finisar Corporation will post $1.48 earnings per share for the current year.
In other Finisar Corporation news, Chairman Jerry S. Rawls sold 25,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $27.58, for a total transaction of $689,500.00. Following the sale, the chairman now owns 815,188 shares in the company, valued at approximately $22,482,885.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Stephens sold 3,016 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $27.36, for a total value of $82,517.76. Following the sale, the director now owns 28,893 shares in the company, valued at approximately $790,512.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,127 shares of company stock worth $1,150,641. 1.02% of the stock is owned by company insiders.
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About Finisar Corporation
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 and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in these networks, including the switches, routers, and servers used in wireline networks.
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