Finisar Corporation (NASDAQ:FNSR) CFO Kurt Adzema sold 20,025 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $22.15, for a total value of $443,553.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Finisar Corporation (FNSR) traded down $0.30 during mid-day trading on Wednesday, reaching $22.09. The company had a trading volume of 3,531,573 shares, compared to its average volume of 3,720,366. The company has a market cap of $2,460.64, a PE ratio of 16.86, a PEG ratio of 2.09 and a beta of 1.14. Finisar Corporation has a fifty-two week low of $17.20 and a fifty-two week high of $36.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 7.81 and a quick ratio of 6.31.

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, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $332.21 million for the quarter, compared to analysts’ expectations of $331.69 million. Finisar had a return on equity of 9.51% and a net margin of 14.33%. analysts predict that Finisar Corporation will post 0.74 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its holdings in shares of Finisar by 2.7% during the 2nd quarter. Capital Research Global Investors now owns 13,651,050 shares of the technology company’s stock valued at $354,654,000 after buying an additional 359,709 shares during the period. Vanguard Group Inc. raised its holdings in Finisar by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,908,237 shares of the technology company’s stock worth $231,435,000 after purchasing an additional 208,692 shares during the period. Dimensional Fund Advisors LP raised its holdings in Finisar by 10.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,832,951 shares of the technology company’s stock worth $107,146,000 after purchasing an additional 471,882 shares during the period. Northern Trust Corp raised its holdings in Finisar by 3.8% in the 2nd quarter. Northern Trust Corp now owns 2,907,058 shares of the technology company’s stock worth $75,525,000 after purchasing an additional 107,680 shares during the period. Finally, State Street Corp raised its holdings in Finisar by 5.9% in the 2nd quarter. State Street Corp now owns 2,199,440 shares of the technology company’s stock worth $57,141,000 after purchasing an additional 121,724 shares during the period. 91.21% of the stock is currently owned by hedge funds and other institutional investors.

FNSR has been the topic of a number of research analyst reports. Piper Jaffray Companies upped their target price on Finisar from $22.00 to $28.00 in a report on Wednesday, December 13th. B. Riley reiterated a “buy” rating and set a $38.00 target price on shares of Finisar in a report on Wednesday, September 6th. Stifel Nicolaus reiterated a “buy” rating and set a $30.00 target price (down previously from $33.00) on shares of Finisar in a report on Tuesday, September 5th. Craig Hallum reiterated a “buy” rating and set a $28.00 target price (down previously from $38.00) on shares of Finisar in a report on Friday, September 8th. Finally, DA Davidson restated a “buy” rating and issued a $40.00 price target on shares of Finisar in a research note on Thursday, September 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $28.08.

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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.

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

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