Barrow Hanley Mewhinney & Strauss LLC Increases Stake in Finisar Corporation (FNSR)
- Author: Zachary Reyes Jun 16, 2017,
Jun 16, 2017, 19:08
Several equities research analysts have weighed in on FNSR shares. Q1 revenues are seen between $330 and $350 million, which would also miss Wall Street's current estimate for $366.16 million. Likewise, the positive performance for the quarter was recorded as 6.16% and for the year was 14.12%, while the YTD performance remained at 0.29%.
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Sorrento Therapeutics, Inc. (NASDAQ:SRNE) shares typically trade an average volume of 984.72 and institutions hold 18.10% of the total shares. Barrow Hanley Mewhinney & Strauss LLC owned about 0.21% of Finisar Corporation worth $6,406,000 at the end of the most recent reporting period. Old Mutual Global Investors UK Ltd. now owns 1,612,962 shares of the technology company's stock valued at $44,098,000 after buying an additional 997,150 shares in the last quarter. The share price has moved forward from its 20 days moving average 2.12% and positively from its 50 days moving average 5.28%.
Among 13 analysts covering Finisar Corporation (NASDAQ:FNSR), 11 have Buy rating, 0 Sell and 2 Hold. During the last 52 weeks, the FNSR price has been as high as $36.85 and as low as $16.73.
The share price of Finisar Corporation (NASDAQ:FNSR) was up +1.50% during the last day of trading, with a day high of 25.84.
They expect $0.4 EPS, up 55% or $0.22 from last year's $0.18 per share.
Currently Finisar Corp (NASDAQ:FNSR)'s shares owned by insiders are 1.5%, whereas shares owned by institutional owners are 95.7%.
Revenue during the quarter grew 12.15 percent to $357.53 million from $318.79 million in the previous year period. Also, Director Roger C. Ferguson sold 5,500 shares of the stock in a transaction dated Wednesday, March 22nd.
Finisar Corporation (FNSR) failed to surprise the stock market in its last reported earnings when it earned $0.59 a piece versus the consensus-estimated $0.62. Jefferies Group LLC reaffirmed a buy rating and set a $34.00 target price on shares of Finisar Corporation in a research note on Friday, May 5th. The other 12, though not evenly; between analysts who think you should buy Finisar Corporation (NASDAQ:FNSR) versus those who think you should sell it. The company has market cap of $3.23 billion.
Moreover, Manufacturers Life Company The has 0% invested in Finisar Corporation (NASDAQ:FNSR) for 72,495 shares.
The consensus analysts recommendation at this point stands at 1.80 on Finisar Corporation (NASDAQ:FNSR).
04/19/2017 - Finisar Corporation had its "buy" rating reiterated by analysts at MKM Partners. Analyst's mean target price for FNSR is $Finisar Corporation while analysts mean recommendation is 1.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
TRADEMARK VIOLATION WARNING: This report was first posted by Transcript Daily and is the property of of Transcript Daily. Westside Investment Management Inc. acquired a new stake in Finisar Corporation during the first quarter valued at approximately $150,000. Norges Bank acquired a new stake in Finisar Corporation during the fourth quarter worth about $25,690,000. The stock was sold at an average price of $27.00, for a total transaction of $162,810.00. $180,976 worth of stock was sold by Swanson Todd on Tuesday, January 17. Following the sale, the director now directly owns 39,828 shares in the company, valued at $1,076,550.84. The disclosure for this sale can be found here. Company insiders own 1.34% of the company's stock.
Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications.