Finisar Corporation (NASDAQ:FNSR) To Release Earnings
- Author: Zachary Reyes Mar 11, 2017,
Mar 11, 2017, 0:44
Other institutional investors also recently added to or reduced their stakes in the company.
Moving toward the volatility measures, the price volatility of stock was 1.60% for a week and 1.86% for a month as well as price volatility's Average True Range for 14 days was 4.09.
12/20/2016 - Finisar Corporation had its "buy" rating reiterated by analysts at MKM Partners. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Finisar during the fourth quarter worth about $240,000.
Finisar Corporation (NASDAQ:FNSR) is trading down on a volume of 1.88 million, or 0.63 times its standard daily volume. It has gained $2.5 (-6.78%) since hitting a 52-week high price of $36.85 on December 09, 2016.
Finisar Co. (NASDAQ:FNSR) announced its quarterly earnings data on Thursday. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.12. Finisar Corporation had a net margin of 7.31% and a return on equity of 10.56%.
Sell-side analysts have also provided a consensus recommendation of 1.80 on company shares.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Finisar Corporation from a "hold" rating to a "buy" rating and set a $35.00 price target on the stock in a research report on Monday, December 5th. Finally, Jefferies Group LLC upped their price objective on Finisar from $28.00 to $37.00 and gave the stock a "hold" rating in a report on Friday, December 9th. Stock has got OUTPERFORM rating from 2 analysts of Thomson Reuters, 1 analyst given HOLD rating to the stock and 0 given UNDERPERFORM rating. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. The overall pool of consensus ranking was for Buy in current month as it was Buy security in previous month. "Furthermore, we expect growth in fiscal 2018 to be driven by continued demand for 100G QSFP28, CFP2-ACO, ROADM business in China and North America, and a meaningful ramp-up of VCSEL lasers for 3-D sensing applications starting in the second half of this calendar year". The shares were sold at an average price of $29.27, for a total transaction of $88,249.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Its Director Stephens Robert sold 3,015 company shares for 107760, in a transaction on 2017-02-15. Following the completion of the sale, the executive vice president now owns 248,663 shares in the company, valued at approximately $7,768,232.12. The disclosure for this sale can be found here. The fund owned 55,000 shares of the company's stock after selling 26,000 shares during the period.
Additionally, FNSR has introduced its WaveAnalyzer 100S Compact Optical Spectrum Analyzer, which is a small, lightweight instrument that has been designed for spectral measurements on advanced optical communication systems in R&D and manufacturing.