Finisar Corporation (FNSR) Given a $40.00 Price Target by Northland Securities Analysts

Marco Green
September 14, 2017

The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several other institutional investors have also recently added to or reduced their stakes in FNSR. Parametrica Management Ltd bought a new position in Finisar Corporation during the third quarter worth approximately $224,000. Insiders have sold a total of 101,961 shares of company stock worth $2,742,336 in the last quarter. LSV Asset Management purchased a new position in shares of Finisar Corporation in the first quarter worth $281,000. Following the completion of the transaction, the executive vice president now owns 217,005 shares in the company, valued at $5,281,901.70. Finally, First Trust Advisors LP raised its stake in shares of Finisar Corporation by 333.0% in the first quarter.

Beta values for the above stocks are 1.33, 0.98, 2.30. Over the last week of the month, it was 3.67%, 3.34% over the last quarter, and 12.38% for the past six months. Investors acquired 14,427 call options on the company. Fortaleza Asset Management Inc. bought a new stake in shares of Finisar Corporation in the 2nd quarter valued at about $138,000.

Zacks Investment Research cut shares of Finisar Corporation (NASDAQ:FNSR) from a strong-buy rating to a sell rating in a research report released on Wednesday. The overall volume in the last trading session was 4,238,952 shares. Finisar Corporation has a 1-year low of $20.16 and a 1-year high of $36.85. Company chares are trading at $21.78 which is significantly below $24.65, the 50 day moving average and which is quite a bit lower than the 200 day moving average of $26.01. With that said, researchers took a deep dive into the hotly debated question: is it too early to buy Finisar Corporation (NASDAQ:FNSR). The company posted earnings of $341.80 M for the period end, compared to analysts' anticipations of $341.22 M. for the same period in the previous fiscal year, firm posted $0.38 EPS. the firms end of quarter revenue went up.1% compared with the same period in the prior year. The company beat the analyst EPS Estimate with the difference of $0.12. Most signs seem to be pointing in the right direction as investors keep concentrating on superior returns from the stock market. The company has Relative Strength Index (RSI 14) of 30.95 along with Average True Range (ATR 14) of 1.06.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings.

FNSR is now undervalued by -39.5% relative to the average 1-year price target of $36.00 taken from a group of Wall Street Analysts. Eng Julie Sheridan sold $11,286 worth of Finisar Corporation (NASDAQ:FNSR) on Friday, March 17. The shares were sold at an average price of $27.65, for a total value of $170,959.95. Also, Director Robert Stephens sold 3,015 shares of Finisar Corporation stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $36.19, for a total transaction of $368,233.25. The disclosure for this sale can be found here. The insider Swanson Todd sold 6,183 shares worth $150,927.

Finisar Corporation (NASDAQ:FNSR) trying to make some eye-catching movements in term of technical analysis. If you are reading this report on another domain, it was illegally stolen and republished in violation of US and global trademark & copyright legislation. The legal version of this news story can be read at Lastly, CI Investments bought a new stake in Finisar Corporation through out the 1st period assessed at roughly $22,479,000. large institution funds own 86.38% of the firms stock. They issued a "buy" rating and a $40.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company.

ILLEGAL ACTIVITY WARNING: "Finisar Corporation (FNSR) Given Average Rating of "Buy" by Brokerages" was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal.

Finisar Corporation is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Business'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, as well as the antennas and base stations used in wireless networks.

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