Media stories about Finisar (NASDAQ:FNSR) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Finisar earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 46.3447160129748 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Finisar (FNSR) Releases Quarterly Earnings Results, Misses Expectations By $0.45 EPS (americanbankingnews.com)
- 6 Stocks Moving In Thursday’s After-Hours Session (feeds.benzinga.com)
- Finisar Corporation to Host Earnings Call (finance.yahoo.com)
- ETFs with exposure to Finisar Corp. : December 7, 2017 (finance.yahoo.com)
- Finisar misses 2Q profit forecasts (finance.yahoo.com)
Several brokerages recently weighed in on FNSR. B. Riley restated a “buy” rating and issued a $30.75 price target on shares of Finisar in a research note on Tuesday, September 12th. Zacks Investment Research upgraded Finisar from a “strong sell” rating to a “hold” rating in a research note on Friday, December 1st. Stifel Nicolaus cut their price objective on Finisar from $27.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday. DA Davidson reiterated a “buy” rating and set a $30.00 price objective on shares of Finisar in a research note on Wednesday, November 29th. Finally, William Blair reiterated an “outperform” rating on shares of Finisar in a research note on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Finisar presently has a consensus rating of “Buy” and a consensus target price of $30.28.
Shares of Finisar (NASDAQ:FNSR) traded up $0.57 during trading on Thursday, hitting $18.05. The stock had a trading volume of 6,217,040 shares, compared to its average volume of 3,400,639. The firm has a market cap of $2,030.62, a PE ratio of 10.68, a P/E/G ratio of 1.25 and a beta of 1.14. Finisar has a fifty-two week low of $17.20 and a fifty-two week high of $36.85. The company has a current ratio of 7.66, a quick ratio of 6.24 and a debt-to-equity ratio of 0.44.
Finisar (NASDAQ:FNSR) last released its quarterly earnings data on Thursday, December 7th. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.45). Finisar had a net margin of 16.92% and a return on equity of 13.11%. research analysts forecast that Finisar will post 1.04 earnings per share for the current fiscal year.
In related news, Director Roger C. Ferguson sold 2,726 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $21.46, for a total value of $58,499.96. Following the transaction, the director now directly owns 44,034 shares in the company, valued at $944,969.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Jerry S. Rawls sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $22.89, for a total value of $457,800.00. The disclosure for this sale can be found here. Corporate insiders own 1.02% of the company’s stock.
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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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