Finisar Corporation (FNSR) CFO Sells $443,553.75 in Stock
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.
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.
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