Finisar Corporation (NASDAQ:FNSR) is scheduled to release its earnings data after the market closes on Thursday, September 7th. Analysts expect Finisar Corporation to post earnings of $0.40 per share for the quarter. Finisar Corporation has set its Q1 guidance at $0.37-0.43 EPS.

Finisar Corporation (NASDAQ:FNSR) last announced its earnings results on Thursday, June 15th. The technology company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $357.50 million for the quarter, compared to the consensus estimate of $359.65 million. Finisar Corporation had a return on equity of 13.91% and a net margin of 17.20%. Finisar Corporation’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. On average, analysts expect Finisar Corporation to post $2.09 EPS for the current fiscal year and $2.50 EPS for the next fiscal year.

Shares of Finisar Corporation (NASDAQ FNSR) opened at 25.08 on Thursday. The company has a market cap of $2.80 billion, a PE ratio of 11.45 and a beta of 1.32. Finisar Corporation has a 52-week low of $20.29 and a 52-week high of $36.85. The company has a 50 day moving average of $25.83 and a 200-day moving average of $26.91.

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In other news, EVP Todd Swanson sold 6,202 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $24.34, for a total value of $150,956.68. Following the completion of the sale, the executive vice president now owns 217,005 shares in the company, valued at $5,281,901.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mark Colyar sold 2,244 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $27.31, for a total value of $61,283.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 107,991 shares of company stock worth $2,905,146. Company insiders own 1.02% of the company’s stock.

A number of research analysts have weighed in on the company. Zacks Investment Research lowered Finisar Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. B. Riley reissued a “buy” rating and set a $38.00 price objective on shares of Finisar Corporation in a research report on Sunday, June 18th. DA Davidson assumed coverage on Finisar Corporation in a research report on Thursday, June 29th. They set a “buy” rating and a $40.00 price objective for the company. ValuEngine downgraded Finisar Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Northland Securities reaffirmed a “buy” rating and issued a $40.00 target price on shares of Finisar Corporation in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company’s stock. Finisar Corporation presently has a consensus rating of “Buy” and a consensus price target of $36.27.

About Finisar Corporation

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.

Earnings History for Finisar Corporation (NASDAQ:FNSR)

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