Media stories about Finisar (NASDAQ:FNSR) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Finisar earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 47.2132999996388 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Finisar Corporation (FNSR): Stock in Featured Watch-List: (stockquote.review)
- Investor Blotter: Studying the Levels for Finisar Corp (NASDAQ:FNSR) (derbynewsjournal.com)
- Morning Buzzers: SenesTech, Inc. (NASDAQ:SNES), Range Resources Corporation (NYSE:RRC), Finisar Corporation … (journalfinance.net)
- Global Active Optical Connectors Market 2018- Tripp Lite, Hirose, Broadcom, Finisar Corporation, Phoenix Contract … (thetechnicalprogress.com)
- Notable Runners: Finisar Corporation, (NASDAQ: FNSR), Brandywine Realty Trust, (NYSE: BDN) (globalexportlines.com)
FNSR opened at $16.58 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.24 and a current ratio of 4.06. Finisar has a one year low of $14.25 and a one year high of $28.99. The stock has a market cap of $1.93 billion, a PE ratio of 9.58, a PEG ratio of 1.94 and a beta of 1.18.
Finisar (NASDAQ:FNSR) last posted its earnings results on Thursday, March 8th. The technology company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.03). Finisar had a return on equity of 5.97% and a net margin of 7.35%. The firm had revenue of $332.40 million for the quarter, compared to analyst estimates of $333.15 million. During the same quarter last year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was down 12.7% on a year-over-year basis. equities research analysts anticipate that Finisar will post 0.47 EPS for the current year.
A number of analysts have issued reports on the company. Loop Capital assumed coverage on Finisar in a report on Monday, January 29th. They set a “hold” rating and a $19.00 price target for the company. ValuEngine downgraded Finisar from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. B. Riley reaffirmed a “buy” rating and set a $17.50 price target (down from $18.00) on shares of Finisar in a report on Friday, March 9th. Morgan Stanley assumed coverage on Finisar in a report on Friday, March 9th. They set an “equal weight” rating and a $21.00 price target for the company. Finally, Needham & Company LLC downgraded Finisar from a “buy” rating to a “hold” rating and lifted their price target for the stock from $16.64 to $29.41 in a report on Friday, March 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $24.56.
In related news, Director Jerry S. Rawls sold 38,000 shares of the business’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $14.96, for a total value of $568,480.00. Following the transaction, the director now owns 601,258 shares in the company, valued at approximately $8,994,819.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jerry S. Rawls sold 30,208 shares of the business’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $15.59, for a total value of $470,942.72. Following the completion of the transaction, the director now owns 593,466 shares in the company, valued at approximately $9,252,134.94. The disclosure for this sale can be found here. Insiders have sold 71,208 shares of company stock worth $1,091,323 in the last quarter. Insiders own 1.02% of the company’s stock.
Finisar Company Profile
Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications in the United States, China, Malaysia, and internationally. The company's optical subsystems primarily include transmitters, receivers, transceivers, transponders, and active optical cables, which provide the fundamental optical-electrical, or optoelectronic interface for interconnecting the electronic equipment used in networks comprising switches, routers, and servers used in wireline networks, as well as antennas and base stations used in wireless networks.
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