Finisar Co. (NASDAQ:FNSR) EVP Julie Sheridan Eng sold 1,466 shares of Finisar stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $21.70, for a total transaction of $31,812.20. Following the completion of the sale, the executive vice president now owns 69,150 shares in the company, valued at $1,500,555. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Finisar Co. (FNSR) opened at $22.74 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 7.81 and a quick ratio of 6.31. The stock has a market cap of $2,538.18, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 2.19 and a beta of 1.16. Finisar Co. has a one year low of $17.20 and a one year high of $36.41.
Finisar (NASDAQ:FNSR) last posted its earnings results on Thursday, December 7th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The firm had revenue of $332.21 million during the quarter, compared to analysts’ expectations of $331.69 million. Finisar had a net margin of 14.33% and a return on equity of 9.51%. equities research analysts predict that Finisar Co. will post 0.73 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Finisar by 103.4% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,728 shares of the technology company’s stock worth $127,000 after buying an additional 2,912 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Finisar by 43.9% in the second quarter. PNC Financial Services Group Inc. now owns 5,912 shares of the technology company’s stock worth $153,000 after buying an additional 1,805 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Finisar by 598.3% in the third quarter. Cubist Systematic Strategies LLC now owns 7,004 shares of the technology company’s stock worth $155,000 after buying an additional 6,001 shares during the last quarter. Westside Investment Management Inc. lifted its stake in shares of Finisar by 33.3% in the second quarter. Westside Investment Management Inc. now owns 8,000 shares of the technology company’s stock worth $218,000 after buying an additional 2,000 shares during the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new stake in shares of Finisar in the second quarter worth $217,000. Hedge funds and other institutional investors own 91.21% of the company’s stock.
Several equities analysts have commented on the stock. Raymond James Financial set a $22.00 target price on shares of Finisar and gave the company a “buy” rating in a research note on Wednesday, December 13th. ValuEngine raised shares of Finisar from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Craig Hallum set a $28.00 price objective on shares of Finisar and gave the stock a “buy” rating in a research note on Thursday, December 14th. Jefferies Group began coverage on shares of Finisar in a research note on Wednesday, November 1st. They issued a “buy” rating and a $28.50 price objective on the stock. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $26.00 target price on shares of Finisar in a research report on Sunday, September 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $28.82.
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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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