Share Rating Recap: Finisar Corporation (NASDAQ:FNSR)Por Cirilo Laguardia Mar 20, 2017
Wells Fargo & Mn has 0.02% invested in Finisar Corporation (NASDAQ:FNSR). The institutional investor owned 72,818 shares of the company's stock after selling 1,387 shares during the period.
FNSR's revenue has grown at an average annualized rate of about 5.9% during the past five years. Jefferies Group also issued estimates for Finisar's Q1 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.53 EPS and FY2019 earnings at $2.17 EPS.
Finisar Corporation (NASDAQ:FNSR), after opening at $27.00, closed at $27.36 by scoring 1.98%. Raymond James Financial, Inc. upgraded shares of Finisar from an outperform rating to a strong-buy rating in a research report on Monday, March 13th. Vetr downgraded shares of Finisar from a "buy" rating to a "hold" rating and set a $35.76 price objective for the company.in a research report on Monday, March 13th. Zacks has advised to Sell for the short term with a rating of 4.Finisar Corporation (NASDAQ:FNSR): 10 Analyst have given the stock of Finisar Corporation (NASDAQ:FNSR) a near short term price target of $39.6. It has been assigned a low target price of $34 and a high target price of $46.
Shares of Finisar (NDAQ:FNSR) traded down 0.07% on Wednesday, reaching $27.34. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 31.16. The company's price sits -15.32% below from its 50-day moving average of $32.72 and 0.41% far from the stock's 200-day moving average which is $30.27. The stock stands almost $10.13 off versus the 52-week high of $36.85 and $11.51 above the 52-week low of $15.21.
Finisar (NASDAQ:FNSR) last posted its earnings results on Thursday, March 9th. Voloridge Investment Management Llc invested in 0.04% or 54,631 shares.
The firm has noticeable returns on equity ratio of 10.50%, which shows how much profit each dollar of ordinary stockholders' equity generates.
For the current quarter, the highest estimate analysts provided is 380.6 Million and the lowest is 369.17 Million. While in the same Quarter Previous year, the Actual EPS was $0.29. The business's quarterly revenue was up 23.1% on a year-over-year basis.
Several large investors have recently modified their holdings of FNSR. Teachers Advisors LLC now owns 1,411,730 shares of the company's stock valued at $42,070,000 after buying an additional 544,820 shares in the last quarter. Public Employees Retirement System of OH raised its stake in Finisar by 12.9% in the second quarter. California Public Employees Retirement holds 0.01% or 205,400 shares. Alliancebernstein Lp owns 4.04 million shares or 0.1% of their USA portfolio. Harvest Fund Management Co. Renaissance Technologies LLC increased its position in Finisar by 25.4% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Finisar by 2.6% in the third quarter.
6,183 shares of Finisar Corp were unloaded by Todd Swanson, the company's EVP Sales / Marketing / R&D. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.
Trade totalling exactly $81,432 U.S Dollars was made public online in a legal document submitted to the DC-based SEC on 17-03-2017. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
12/11/2015 - Finisar Corporation had its "hold" rating reiterated by analysts at Craig-Hallum. A low P/S can also be effective in valuing growth stocks that have suffered a temporary setback. The Insider Ownership of the company now is 1.7 percent, and Institutional Ownership is 96.7 percent.
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