News stories about Finisar (NASDAQ:FNSR) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Finisar earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.9150167552211 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Finisar (FNSR) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
- Comparable Company Analysis: E*TRADE Financial Corporation (ETFC), Finisar Corp. (FNSR) – Newburgh Gazette (newburghgazette.com)
- 3 Top Stocks for Next-Gen Technologies (fool.com)
- Short Interest in Finisar Co. (FNSR) Declines By 13.8% (americanbankingnews.com)
- Finisar Corporation (NASDAQ:FNSR) – Investors are Unsure How to React (Brief Analysis) – Nasdaq Journal (nasdaqjournal.com)
Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Finisar from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine cut shares of Finisar from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Loop Capital assumed coverage on shares of Finisar in a research report on Monday, January 29th. They issued a “hold” rating and a $19.00 price objective on the stock. Piper Jaffray Companies cut shares of Finisar from an “overweight” rating to a “neutral” rating in a research report on Monday, January 29th. Finally, Stifel Nicolaus cut their price objective on shares of Finisar from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Finisar presently has a consensus rating of “Hold” and an average target price of $27.27.
Shares of Finisar (NASDAQ:FNSR) traded up $0.13 during trading hours on Friday, reaching $17.68. 2,495,079 shares of the company’s stock traded hands, compared to its average volume of 3,230,000. 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 has a 52-week low of $16.64 and a 52-week high of $36.41. The company has a market cap of $2,020.00, a PE ratio of 10.10, a PEG ratio of 1.91 and a beta of 1.07.
Finisar (NASDAQ:FNSR) last issued its quarterly earnings results on Thursday, December 7th. The technology company reported $0.23 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $331.69 million. research analysts expect that Finisar will post 0.66 EPS for the current year.
In other news, EVP John H. Clark sold 6,186 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $24.90, for a total value of $154,031.40. Following the sale, the executive vice president now directly owns 146,053 shares of the company’s stock, valued at approximately $3,636,719.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Roger C. Ferguson sold 3,000 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $21.68, for a total transaction of $65,040.00. Following the completion of the sale, the director now directly owns 41,034 shares in the company, valued at $889,617.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,578 shares of company stock worth $1,273,865. 1.02% of the stock is owned by insiders.
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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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