The Brokerages Set Finisar Co. (FNSR) Price Target at $37.71

Marco Green
June 13, 2017

The stock declined 2.09% or $0.55 reaching $25.76 on the news.

Princeton Alpha Management Limited Partnership has invested 0.06% in Finisar Corporation (NASDAQ:FNSR). It has outperformed by 37.22% the S&P500. The legal version of this article can be viewed at About 2.56M shares traded. The stock spiked 11.08% last month and is down -13.08 this year. M Partners maintained Finisar Corporation (NASDAQ:FNSR) on Friday, June 17 with "Neutral" rating. It has underperformed by 16.70% the S&P500. Following the completion of the sale, the director now directly owns 40,954 shares in the company, valued at $1,105,758. Advanced Micro Devices (NASDAQ:AMD) was reduced too.

Since December 15, 2016, it had 0 insider purchases, and 17 sales for $4.93 million activity. Norges Bank acquired a new position in shares of Finisar during the fourth quarter worth about $25,690,000. 10,175 shares valued at $368,233 were sold by Brown Christopher on Friday, December 9. In the last 90 days, insiders sold 51,147 shares of company stock valued at $1,376,889. Also, Director Robert Stephens sold 3,016 shares of the business's stock in a transaction that occurred on Thursday, March 16th. Dimensional Fund Advisors Lp has invested 0.07% in Finisar Corporation (NASDAQ:FNSR). 6,183 Finisar Corporation (NASDAQ:FNSR) shares with value of $161,685 were sold by Swanson Todd.

Finisar Corporation has a consensus outperform rating from 13 Wall Street analysts, and the number of shares now sold short amount to at least 8.46% of shares outstanding. After having $0.47 EPS previously, Finisar Corporation's analysts see -10.64 % EPS growth. Marketing / R&D sold $149,196 worth of shares at an average price of $24.13 on Monday the 17th. The Firm focuses on small to medium size market capitalization companies. Vetr downgraded Finisar from a "buy" rating to a "hold" rating and set a $35.76 price objective for the a research note on Tuesday, February 21st. Northland Capital initiated Finisar Corporation (NASDAQ:FNSR) rating on Tuesday, August 18. The firm earned "Outperform" rating on Friday, February 5 by Macquarie Research. The firm has "Equal Weight" rating by Barclays Capital given on Friday, September 9. Needham upgraded the shares of FNSR in report on Monday, November 28 to "Strong Buy" rating. Finisar posted sales of $318.79 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15.2%.

Beta is also an important valuation ratio for analyzing the stock of the company, FNSR has Beta of 1.29 while its industry and Sector's beta remains at 0.63 and 1.28 respectively. It dived, as 26 investors sold Finisar Corporation shares while 71 reduced holdings. 102.78 million shares or 2.75% more from 100.03 million shares in 2016Q3 were reported.

By historical standards, Finisar Corporation remains a cheap stock. Meeder Asset Mgmt holds 204 shares or 0% of its portfolio. Fuller And Thaler Asset reported 0.19% in Finisar Corporation (NASDAQ:FNSR). Smithfield stated it has 0.03% in Finisar Corporation (NASDAQ:FNSR). Institutional investors and hedge funds own 91.70% of the company's stock. About 1.30M shares traded. Credit Suisse Ag reported 125,234 shares. Rhumbline Advisers owns 0.01% invested in Finisar Corporation (NASDAQ:FNSR) for 132,073 shares. Gotham Asset Mgmt Limited Company has 0.04% invested in Finisar Corporation (NASDAQ:FNSR). Dnb Asset As has 56,120 shares for 0% of their portfolio. Engineers Gate Manager L P owns 64,022 shares or 0.21% of their U.S. portfolio.

Investors sentiment increased to 1.09 in Q4 2016. Its down 0.11, from 1.05 in 2016Q3. 26,273 shares were sold by Young Joseph A, worth $930,967. (NYSE:CCK) for 1.97 million shares. Citigroup Incorporated reported 410,746 shares stake. Panagora Asset Management holds 286,590 shares or 0.01% of its portfolio. Employees Retirement Systems Of Texas invested in 55,000 shares. Brown Brothers Harriman & Com reported 15,228 shares. Schwab Charles Inv Mngmt invested 0% of its portfolio in Chimerix Inc (NASDAQ:CMRX). 45,616 were reported by Voya Invest. Morgan Stanley claims 7,383 shares valued at $202,000. Ellington Mngmt Group Limited Liability Corporation stated it has 0.13% in Exelon Corporation (NYSE:EXC). Bailard accumulated 58,725 shares. First Personal Fin Serv holds 68 shares. The institutional investor owned 220,335 shares of the technology company's stock after buying an additional 39,585 shares during the period. Beaver David A. had sold 1,000 shares worth $56,048. The insider RAWLS JERRY S sold $823,500. The rating was upgraded by Stifel Nicolaus to "Buy" on Tuesday, September 6. Needham has "Buy" rating and $38 target. As per Monday, March 13, the company rating was upgraded by Raymond James. They now have a Dollars 14 price target on the stock.

10/11/2016 - Finisar Corporation was upgraded to "buy" by analysts at Goldman Sachs.

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