Finisar Corporation (NASDAQ:FNSR) EVP Julie Sheridan Eng sold 1,466 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were 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 directly owns 69,150 shares of the company’s stock, valued at $1,500,555. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Finisar Corporation (NASDAQ FNSR) traded down $0.37 during midday trading on Friday, hitting $21.39. The stock had a trading volume of 2,565,026 shares, compared to its average volume of 7,372,300. The company has a debt-to-equity ratio of 0.44, a quick ratio of 6.31 and a current ratio of 7.81. Finisar Corporation has a 12-month low of $17.20 and a 12-month high of $36.41. The stock has a market capitalization 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.
Finisar (NASDAQ:FNSR) last issued its quarterly earnings results on Thursday, December 7th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. Finisar had a return on equity of 9.51% and a net margin of 14.33%. The firm had revenue of $332.21 million for the quarter, compared to the consensus estimate of $331.69 million. research analysts expect that Finisar Corporation will post 0.73 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. increased its holdings in Finisar by 103.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,728 shares of the technology company’s stock worth $127,000 after purchasing an additional 2,912 shares during the period. PNC Financial Services Group Inc. increased its holdings in Finisar by 43.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,912 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,805 shares during the period. Cubist Systematic Strategies LLC increased its holdings in Finisar by 598.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 7,004 shares of the technology company’s stock worth $155,000 after purchasing an additional 6,001 shares during the period. Westside Investment Management Inc. increased its holdings in Finisar by 33.3% during the 2nd quarter. Westside Investment Management Inc. now owns 8,000 shares of the technology company’s stock worth $218,000 after purchasing an additional 2,000 shares during the period. Finally, Thompson Davis & CO. Inc. purchased a new position in Finisar during the 2nd quarter worth $217,000. Institutional investors own 91.21% of the company’s stock.
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Finisar Company Profile
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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