Finisar Co. (NASDAQ:FNSR) Director Robert Stephens sold 3,016 shares of the stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $27.00, for a total transaction of $81,432.00. Following the completion of the sale, the director now owns 40,954 shares of the company’s stock, valued at approximately $1,105,758. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Robert Stephens also recently made the following trade(s):
- On Tuesday, January 17th, Robert Stephens sold 3,015 shares of Finisar stock. The shares were sold at an average price of $29.27, for a total transaction of $88,249.05.
Finisar Co. (NASDAQ:FNSR) traded down 0.55% during trading on Monday, reaching $27.21. 2,690,635 shares of the company traded hands. The company’s 50-day moving average price is $32.01 and its 200 day moving average price is $30.21. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 23.16 and a beta of 1.30. Finisar Co. has a 52 week low of $15.21 and a 52 week high of $36.85.
Finisar (NASDAQ:FNSR) last announced its earnings results on Thursday, March 9th. The company reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.03. Finisar had a net margin of 7.31% and a return on equity of 10.56%. The business had revenue of $380.60 million for the quarter, compared to the consensus estimate of $389.69 million. During the same quarter last year, the firm posted $0.25 EPS. The business’s quarterly revenue was up 23.1% on a year-over-year basis. On average, equities research analysts expect that Finisar Co. will post $2.07 EPS for the current year.
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Hedge funds have recently made changes to their positions in the stock. FNY Managed Accounts LLC acquired a new stake in shares of Finisar during the third quarter worth approximately $179,000. Public Employees Retirement System of Ohio boosted its stake in shares of Finisar by 12.9% in the second quarter. Public Employees Retirement System of Ohio now owns 7,297 shares of the company’s stock worth $128,000 after buying an additional 836 shares during the period. Parametrica Management Ltd acquired a new stake in shares of Finisar during the third quarter worth approximately $224,000. B. Riley Financial Inc. acquired a new stake in shares of Finisar during the third quarter worth approximately $229,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Finisar during the fourth quarter worth approximately $240,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.
Several brokerages have recently commented on FNSR. Needham & Company LLC reiterated a “strong-buy” rating on shares of Finisar in a report on Friday, January 6th. B. Riley reiterated a “buy” rating and issued a $38.00 target price on shares of Finisar in a report on Tuesday, December 6th. MKM Partners reiterated a “buy” rating on shares of Finisar in a report on Thursday, December 22nd. Finally, Vetr downgraded shares of Finisar from a “buy” rating to a “hold” rating and set a $35.76 target price for the company. in a report on Monday, March 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $38.52.
Finisar 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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