Finisar Corp. (NASDAQ:FNSR) EVP Christopher Brown sold 2,470 shares of the firm’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $26.50, for a total transaction of $65,455.00. Following the completion of the transaction, the executive vice president now owns 128,637 shares in the company, valued at $3,408,880.50. The transaction was disclosed in a document filed with the SEC, which is available at 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 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.
  • On Monday, June 27th, Christopher Brown sold 18,576 shares of Finisar Corp. stock. The shares were sold at an average price of $18.08, for a total transaction of $335,854.08.
  • On Friday, June 17th, Christopher Brown sold 70,212 shares of Finisar Corp. stock. The shares were sold at an average price of $19.10, for a total transaction of $1,341,049.20.

Finisar Corp. (NASDAQ:FNSR) opened at 28.20 on Monday. The company’s 50-day moving average is $20.87 and its 200 day moving average is $18.09. The company has a market capitalization of $3.11 billion, a P/E ratio of 55.19 and a beta of 1.39. Finisar Corp. has a one year low of $10.66 and a one year high of $28.29.

Finisar Corp. (NASDAQ:FNSR) last posted its quarterly earnings results on Thursday, September 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $341.30 million for the quarter, compared to analyst estimates of $331.34 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. Analysts predict that Finisar Corp. will post $1.73 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the stock. 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 valued at $113,000 after buying an additional 1,100 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 valued at $128,000 after buying an additional 836 shares in the last quarter. Seven Eight Capital LLC bought a new position in Finisar Corp. during the second quarter valued at approximately $138,000. BlackRock Inc. increased its position in 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 in the last quarter. Finally, Prudential Financial Inc. bought a new position in Finisar Corp. during the second quarter valued at approximately $191,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Several analysts have issued reports on FNSR shares. Zacks Investment Research lowered shares of Finisar Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 17th. William Blair upgraded shares of Finisar Corp. from a “market perform” rating to an “outperform” rating in a research report on Friday, September 9th. Stifel Nicolaus raised their price target on shares of Finisar Corp. from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, September 12th. Needham & Company LLC raised their price target on shares of Finisar Corp. from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, September 6th. Finally, Piper Jaffray Cos. restated an “overweight” rating and issued a $24.00 price target on shares of Finisar Corp. in a research report on Tuesday, September 6th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $27.20.

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, optical engines and active optical cables that provide the fundamental optical-electrical, or optoelectronic, interface for interconnecting the electronic equipment used in communication networks, including the switches, routers and servers used in wireline networks, as well as the antennas and base stations used in wireless networks.

5 Day Chart for NASDAQ:FNSR

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