Finisar (FNSR) Getting Somewhat Favorable Press Coverage, Report Finds
News headlines about Finisar (NASDAQ:FNSR) have trended somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Finisar earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 44.9048774643125 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Manage Your Risk Before Making Any Investment Decision – Finisar Corporation, (NASDAQ: FNSR) – Stock Watch (stocksnewstimes.com)
- Finisar (FNSR) Rating Reiterated by Barclays (americanbankingnews.com)
- Raymond James Financial Analysts Give Finisar (FNSR) a $22.00 Price Target (americanbankingnews.com)
- Finisar (FNSR) Upgraded to Buy at ValuEngine (americanbankingnews.com)
- Finisar Corporation (FNSR) EVP John H. Clark Sells 6,186 Shares (americanbankingnews.com)
Finisar (FNSR) traded up $0.81 on Tuesday, reaching $22.39. 5,959,958 shares of the company traded hands, compared to its average volume of 5,870,000. The company has a market capitalization of $2,550.00, a price-to-earnings ratio of 17.23, a P/E/G ratio of 2.13 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 6.31 and a current ratio of 7.81. Finisar has a one year low of $17.20 and a one year high of $36.41.
Several brokerages have recently commented on FNSR. Piper Jaffray Companies reiterated a “buy” rating and issued a $22.00 target price on shares of Finisar in a report on Friday, December 8th. Zacks Investment Research downgraded shares of Finisar from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. Needham & Company LLC reiterated a “strong-buy” rating and issued a $34.00 target price (down previously from $44.00) on shares of Finisar in a report on Friday, September 8th. William Blair reiterated an “ourperform” rating on shares of Finisar in a report on Thursday, September 7th. Finally, Northland Securities set a $40.00 target price on shares of Finisar and gave the company a “buy” rating in a report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $28.08.
In other Finisar news, EVP John H. Clark sold 6,186 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $24.90, for a total transaction of $154,031.40. Following the completion of the transaction, the executive vice president now owns 146,053 shares in the company, valued at $3,636,719.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roger C. Ferguson sold 2,726 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold 28,912 shares of company stock valued at $670,331 in the last quarter. Company insiders own 1.02% of the company’s stock.
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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