11 March, 2017
In front of third-quarter earnings release on Thursday, Mar 09, 2017, 12 analysts are forecasting profits of $0.62 per share, with views ranging from an ultra-tight $0.6 to $0.63. In the final minutes of trading on Thursday, shares hit $34.90, more than doubling in the last 12 months. Over the last six months, Finisar Corporation's stock has been 47.57% and 146.29% for the year.
Finisar Co. (NASDAQ:FNSR) saw a large increase in short interest in February. Finally, Jefferies Group LLC upped their price objective on Finisar from $28.00 to $37.00 and gave the stock a "hold" rating in a report on Friday, December 9th. Public Employees Retirement System of OH boosted its stake in shares of Finisar by 12.9% in the second quarter.
While looking at the Earnings Estimates of the company, The Average Earnings Estimate for the Current Fiscal quarter is measured as $0.61 by 11 analysts. The institutional investor owned 2,776,697 shares of the company's stock after buying an additional 69,506 shares during the period. Similarly, the company guided fourth quarter revenue to be $360 - $380 million while Street is expecting $393.42 million. The firm owned 77,000 shares of the company's stock after buying an additional 63,100 shares during the period.
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However, William Blair analyst Dmitry Netis remains positive on Finisar shares, reiterating an Outperform rating.
March 10, 2016: FNSR reported Q3 earnings of $0.25, beating consensus estimates of $0.22. The stock's 50 day moving average price is $32.57 and its 200 day moving average price is $29.95. "Based on this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold. The company now has an average rating of Buy and an average target price of $38.91. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Finally, Airain ltd bought a new stake in shares of Finisar Corporation during the second quarter worth $2,537,000. The shares were sold at an average price of $31.04, for a total transaction of $43,859.52. Oxford Asset Management boosted its stake in shares of Finisar Corporation by 267.9% in the second quarter. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Following the completion of the sale, the executive vice president now owns 248,663 shares in the company, valued at approximately $7,768,232.12. Also, CFO Kurt Adzema sold 35,888 shares of the firm's stock in a transaction dated Monday, February 13th. The company's stock had a trading volume of 836,695 shares. The disclosure for this sale can be found here. 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.