Finisar Corp. (NASDAQ:FNSR) EVP Christopher Brown sold 9,500 shares of Finisar Corp. 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 sale, the executive vice president now owns 101,237 shares of the company’s stock, valued at $3,138,347. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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. The company has a 50-day moving average of $26.02 and a 200-day moving average of $19.81. The stock has a market cap of $3.38 billion, a P/E ratio of 60.00 and a beta of 1.37. Finisar Corp. has a 52 week low of $11.04 and a 52 week high of $31.20.

Finisar Corp. (NASDAQ:FNSR) last posted its quarterly earnings data on Thursday, September 8th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.08. Finisar Corp. had a net margin of 4.32% and a return on equity of 7.61%. The company earned $341.30 million during the quarter, compared to the consensus estimate of $331.34 million. During the same quarter in the prior year, the company posted $0.23 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, analysts predict that Finisar Corp. will post $1.74 EPS for the current fiscal year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank increased its position in Finisar Corp. by 5.2% in the second quarter. Amalgamated Bank now owns 11,740 shares of the company’s stock worth $225,000 after buying an additional 580 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Finisar Corp. 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 in the last quarter. American International Group Inc. increased its position in Finisar Corp. by 1.7% in the second quarter. American International Group Inc. now owns 61,917 shares of the company’s stock worth $1,084,000 after buying an additional 1,026 shares in the last quarter. Strs Ohio increased its position in Finisar Corp. by 20.4% in the second quarter. Strs Ohio now owns 6,500 shares of the company’s stock worth $113,000 after buying an additional 1,100 shares in the last quarter. Finally, Swiss National Bank increased its position in Finisar Corp. by 0.6% in the second quarter. Swiss National Bank now owns 179,600 shares of the company’s stock worth $3,145,000 after buying an additional 1,100 shares in the last quarter. 91.62% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on FNSR shares. B. Riley reiterated a “buy” rating and set a $20.00 price target on shares of Finisar Corp. in a research report on Tuesday, June 14th. Needham & Company LLC reiterated a “buy” rating and set a $24.00 price target (up from $22.00) on shares of Finisar Corp. in a research report on Tuesday, June 14th. Piper Jaffray Cos. reiterated a “buy” rating and set a $20.00 price target on shares of Finisar Corp. in a research report on Wednesday, June 15th. TheStreet upgraded shares of Finisar Corp. from a “hold” rating to a “buy” rating in a research report on Monday, June 20th. Finally, Zacks Investment Research raised shares of Finisar Corp. from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Monday, July 11th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.36.

Finisar Corp. 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.

5 Day Chart for NASDAQ:FNSR

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