Finisar (FNSR) Getting Somewhat Positive Press Coverage, Accern Reports

News coverage about Finisar (NASDAQ:FNSR) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Finisar earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 45.4042797249371 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Shares of Finisar (FNSR) traded down $0.37 during mid-day trading on Friday, reaching $21.39. 2,562,661 shares of the company traded hands, compared to its average volume of 7,372,300. Finisar has a 12-month low of $17.20 and a 12-month high of $36.41. The firm has a market cap of $2,481.16, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 2.14 and a beta of 1.14. The company has a quick ratio of 6.31, a current ratio of 7.81 and a debt-to-equity ratio of 0.44.

Finisar (NASDAQ:FNSR) last announced its earnings results on Thursday, December 7th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. Finisar had a net margin of 14.33% and a return on equity of 9.51%. The firm had revenue of $332.21 million during the quarter, compared to the consensus estimate of $331.69 million. sell-side analysts predict that Finisar will post 0.73 EPS for the current year.

Several research analysts have recently issued reports on FNSR shares. Zacks Investment Research downgraded Finisar from a “hold” rating to a “sell” rating in a research note on Monday, September 4th. Northland Securities set a $40.00 price target on Finisar and gave the stock a “buy” rating in a research note on Tuesday, August 29th. TheStreet downgraded Finisar from a “b” rating to a “c+” rating in a research note on Thursday, November 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $30.00 price target (down previously from $32.00) on shares of Finisar in a research note on Tuesday, September 5th. Finally, Jefferies Group started coverage on Finisar in a research note on Wednesday, November 1st. They set a “buy” rating and a $28.50 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $28.08.

In other Finisar news, EVP Julie Sheridan Eng sold 1,466 shares of Finisar stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $21.70, for a total value of $31,812.20. Following the completion of the sale, the executive vice president now owns 69,150 shares in the company, valued at approximately $1,500,555. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kurt Adzema sold 20,025 shares of Finisar stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $22.15, for a total value of $443,553.75. The disclosure for this sale can be found here. Insiders sold a total of 49,369 shares of company stock valued at $1,124,675 in the last three months. 1.02% of the stock is currently owned by corporate insiders.

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About Finisar

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.

Insider Buying and Selling by Quarter for Finisar (NASDAQ:FNSR)

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