Finisar (NASDAQ:FNSR) had its price target decreased by equities researchers at B. Riley from $22.00 to $20.00 in a research note issued on Friday. The brokerage presently has a “neutral” rating on the technology company’s stock. B. Riley’s price objective indicates a potential upside of 10.80% from the stock’s previous close.

Several other analysts have also recently commented on FNSR. Piper Jaffray Companies restated an “overweight” rating and set a $22.00 target price on shares of Finisar in a report on Friday. Raymond James Financial set a $22.00 target price on Finisar and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research upgraded Finisar from a “strong sell” rating to a “hold” rating in a report on Friday, December 1st. Stifel Nicolaus decreased their price target on Finisar from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, DA Davidson reiterated a “buy” rating and issued a $30.00 price target on shares of Finisar in a report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $28.68.

Finisar (FNSR) traded up $0.57 during trading on Friday, reaching $18.05. The company’s stock had a trading volume of 6,254,800 shares, compared to its average volume of 3,400,912. The company has a quick ratio of 6.24, a current ratio of 7.66 and a debt-to-equity ratio of 0.44. Finisar has a 1 year low of $17.20 and a 1 year high of $36.85. The firm has a market capitalization of $1,990.76, a price-to-earnings ratio of 10.47, a P/E/G ratio of 1.25 and a beta of 1.14.

Finisar (NASDAQ:FNSR) last released its quarterly earnings data on Thursday, December 7th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. Finisar had a return on equity of 13.11% and a net margin of 16.92%. sell-side analysts forecast that Finisar will post 1.02 EPS for the current fiscal year.

In other Finisar news, Director Roger C. Ferguson sold 2,726 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $21.46, for a total transaction of $58,499.96. Following the transaction, the director now owns 44,034 shares of the company’s stock, valued at approximately $944,969.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Jerry S. Rawls sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $22.89, for a total value of $457,800.00. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.

Several large investors have recently bought and sold shares of the business. Fortaleza Asset Management Inc. acquired a new position in Finisar in the 2nd quarter valued at $138,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Finisar by 103.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,728 shares of the technology company’s stock valued at $127,000 after acquiring an additional 2,912 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Finisar by 43.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,912 shares of the technology company’s stock valued at $153,000 after acquiring an additional 1,805 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in Finisar by 598.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 7,004 shares of the technology company’s stock valued at $155,000 after acquiring an additional 6,001 shares in the last quarter. Finally, Westside Investment Management Inc. raised its holdings in Finisar by 33.3% in the 2nd quarter. Westside Investment Management Inc. now owns 8,000 shares of the technology company’s stock valued at $218,000 after acquiring an additional 2,000 shares in the last quarter. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

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About Finisar

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.

Analyst Recommendations for Finisar (NASDAQ:FNSR)

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