Finisar Corp. (NASDAQ:FNSR) EVP Christopher Brown sold 9,500 shares of the business’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $31.00, for a total transaction of $294,500.00. Following the completion of the sale, the executive vice president now directly owns 101,237 shares of the company’s stock, valued at approximately $3,138,347. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Christopher Brown also recently made the following trade(s):

  • On Thursday, September 15th, Christopher Brown sold 8,400 shares of Finisar Corp. stock. The shares were sold at an average price of $28.50, for a total transaction of $239,400.00.
  • On Friday, September 9th, Christopher Brown sold 2,470 shares of Finisar Corp. stock. The shares were sold at an average price of $26.50, for a total transaction of $65,455.00.
  • On Thursday, July 21st, Christopher Brown sold 14,584 shares of Finisar Corp. stock. The shares were sold at an average price of $19.10, for a total transaction of $278,554.40.

Finisar Corp. (NASDAQ:FNSR) opened at 30.66 on Friday. Finisar Corp. has a 52 week low of $11.04 and a 52 week high of $31.20. The firm’s 50-day moving average price is $26.02 and its 200 day moving average price is $19.81. The firm has a market cap of $3.38 billion, a P/E ratio of 60.00 and a beta of 1.37.

Finisar Corp. (NASDAQ:FNSR) last announced its quarterly earnings data on Thursday, September 8th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.08. Finisar Corp. had a return on equity of 7.61% and a net margin of 4.32%. The company earned $341.30 million during the quarter, compared to analyst estimates of $331.34 million. During the same quarter last year, the firm posted $0.23 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities analysts forecast that Finisar Corp. will post $1.74 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Finisar Corp. (NASDAQ:FNSR)

Large investors have recently made changes to their positions in the company. Hood River Capital Management LLC raised its stake in shares of Finisar Corp. by 13.4% in the second quarter. Hood River Capital Management LLC now owns 579,311 shares of the company’s stock valued at $10,144,000 after buying an additional 68,324 shares during the period. Renaissance Technologies LLC raised its stake in shares of Finisar Corp. by 7.7% in the first quarter. Renaissance Technologies LLC now owns 1,685,910 shares of the company’s stock valued at $30,751,000 after buying an additional 120,300 shares during the period. Paradigm Capital Management Inc. NY raised its stake in shares of Finisar Corp. by 204.0% in the second quarter. Paradigm Capital Management Inc. NY now owns 501,450 shares of the company’s stock valued at $8,781,000 after buying an additional 336,500 shares during the period. Moore Capital Management LP purchased a new stake in shares of Finisar Corp. during the first quarter valued at $4,104,000. Finally, BlackRock Inc. raised its stake in shares of Finisar Corp. by 71.5% in the first quarter. BlackRock Inc. now owns 8,607 shares of the company’s stock valued at $156,000 after buying an additional 3,589 shares during the period. 91.62% of the stock is owned by institutional investors.

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $24.00 target price (up previously from $22.00) on shares of Finisar Corp. in a research report on Tuesday, June 14th. Zacks Investment Research cut shares of Finisar Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Goldman Sachs Group Inc. boosted their target price on shares of Finisar Corp. from $21.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. Stifel Nicolaus raised shares of Finisar Corp. from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Tuesday, September 6th. Finally, Piper Jaffray Cos. reaffirmed a “buy” rating and set a $20.00 price objective on shares of Finisar Corp. in a research report on Wednesday, June 15th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $29.36.

About Finisar Corp.

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.

5 Day Chart for NASDAQ:FNSR

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