News stories about Finisar Corporation (NASDAQ:FNSR) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news 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 Corporation earned a news impact score of 0.19 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.2591606965405 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Earnings Clues on Finisar Corporation (FNSR), NVIDIA Corporation (NVDA) Analyst’s Predictions (wobko.net)
- Finisar falls after guiding Q2 revenues below analyst estimates (finance.yahoo.com)
- Jefferies Group LLC Reiterates “Buy” Rating for Finisar Corporation (FNSR) (americanbankingnews.com)
- Mid-Morning Market Update: Markets Mostly Lower; Finisar Issues … – Nasdaq (nasdaq.com)
- Finisar Corporation (FNSR) has a value of $21.99 per share While Federal Realty Investment Trust (FRT) is stand at … – Stocks Gallery (stocksgallery.com)
Finisar Corporation (NASDAQ FNSR) opened at 20.95 on Monday. The company’s 50-day moving average price is $24.81 and its 200-day moving average price is $26.22. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 9.57 and a beta of 1.33. Finisar Corporation has a 52-week low of $20.16 and a 52-week high of $36.85.
Finisar Corporation (NASDAQ:FNSR) last issued its earnings results on Thursday, September 7th. The technology company reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.40. Finisar Corporation had a return on equity of 13.11% and a net margin of 16.92%. The business had revenue of $341.80 million during the quarter, compared to analysts’ expectations of $341.22 million. During the same period in the prior year, the firm posted $0.38 EPS. Finisar Corporation’s quarterly revenue was up .1% compared to the same quarter last year. Analysts predict that Finisar Corporation will post $2.04 EPS for the current year.
Several equities research analysts have issued reports on FNSR shares. Jefferies Group LLC restated a “buy” rating and set a $34.00 price objective on shares of Finisar Corporation in a report on Monday, May 15th. Zacks Investment Research downgraded Finisar Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. ValuEngine downgraded Finisar Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. B. Riley restated a “buy” rating and set a $38.00 price objective on shares of Finisar Corporation in a report on Thursday, June 8th. Finally, William Blair restated an “outperform” rating on shares of Finisar Corporation in a report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. Finisar Corporation presently has a consensus rating of “Buy” and a consensus target price of $34.08.
In other news, Director Roger C. Ferguson sold 3,000 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $27.14, for a total value of $81,420.00. Following the completion of the transaction, the director now directly owns 31,328 shares of the company’s stock, valued at approximately $850,241.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Todd Swanson sold 6,202 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $24.34, for a total value of $150,956.68. Following the completion of the transaction, the executive vice president now directly owns 217,005 shares of the company’s stock, valued at $5,281,901.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,961 shares of company stock valued at $2,742,336. 1.02% of the stock is currently owned by insiders.
Finisar Corporation Company Profile
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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