Headlines about Finisar Corporation (NASDAQ:FNSR) have been trending somewhat positive on Monday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Finisar Corporation earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.1995824381281 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
- Finisar Corporation (NASDAQ:FNSR) Sees Significantly Lower Trading Volume - First News 24 (firstnewspaper24.com)
- Finisar Corporation (FNSR) Swings on Assorted Technical Facts Through News – Zimmer Biomet Holdings, Inc. (ZBH) - Investing News Update (investingbizz.com)
- Finisar, Viavi: Good Times Ahead in Apple’s 3-D Sensing, Says William Blair - Barron’s (barrons.com)
- Finisar Corporation (FNSR)- Stocks Rallying on Performance Valuation - NASDAQ Times (nasdaqtimes.com)
Finisar Corporation (NASDAQ FNSR) traded down 0.07% on Monday, hitting $27.22. The company’s stock had a trading volume of 1,561,402 shares. Finisar Corporation has a 12 month low of $18.00 and a 12 month high of $36.85. The stock has a market cap of $3.04 billion, a PE ratio of 12.43 and a beta of 1.31. The firm has a 50 day moving average of $26.90 and a 200-day moving average of $27.57.
Finisar Corporation (NASDAQ:FNSR) last posted its earnings results on Thursday, June 15th. The technology company reported $0.50 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.50. Finisar Corporation had a return on equity of 13.91% and a net margin of 17.20%. The company had revenue of $357.50 million for the quarter, compared to analyst estimates of $359.65 million. During the same quarter last year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts expect that Finisar Corporation will post $2.10 earnings per share for the current fiscal year.
A number of brokerages have issued reports on FNSR. Zacks Investment Research cut Finisar Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. B. Riley restated a “buy” rating and set a $38.00 target price on shares of Finisar Corporation in a report on Sunday, June 18th. Northland Securities restated a “buy” rating and set a $40.00 target price on shares of Finisar Corporation in a report on Friday. Raymond James Financial, Inc. restated a “strong-buy” rating on shares of Finisar Corporation in a report on Friday, April 21st. Finally, DA Davidson began coverage on Finisar Corporation in a report on Thursday, June 29th. They set a “buy” rating and a $40.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. Finisar Corporation has an average rating of “Buy” and an average price target of $36.84.
In related news, EVP Todd Swanson sold 6,183 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $27.65, for a total transaction of $170,959.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Jerry S. Rawls sold 25,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $25.93, for a total value of $648,250.00. Following the sale, the chairman now directly owns 815,188 shares of the company’s stock, valued at $21,137,824.84. The disclosure for this sale can be found here. Insiders sold 76,789 shares of company stock worth $2,064,689 in the last 90 days. Corporate insiders own 1.02% of the company’s stock.
About Finisar Corporation
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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