Finisar (FNSR) Given News Sentiment Rating of 0.11
News articles about Finisar (NASDAQ:FNSR) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press 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 nearest to one being the most favorable. Finisar earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.3024533254957 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Finisar Co. (FNSR) Expected to Post Quarterly Sales of $334.62 Million (americanbankingnews.com)
- Zacks: Brokerages Expect Finisar Co. (FNSR) Will Post Earnings of $0.24 Per Share (americanbankingnews.com)
- Finisar (FNSR) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
- Comparable Company Analysis: E*TRADE Financial Corporation (ETFC), Finisar Corp. (FNSR) – Newburgh Gazette (newburghgazette.com)
- 3 Top Stocks for Next-Gen Technologies (fool.com)
Shares of Finisar (NASDAQ:FNSR) opened at $17.64 on Wednesday. The stock has a market cap of $2,010.00, a price-to-earnings ratio of 10.08, a PEG ratio of 1.91 and a beta of 1.07. 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 has a 52 week low of $16.64 and a 52 week high of $36.41.
Several equities analysts have commented on the company. Zacks Investment Research upgraded Finisar from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. ValuEngine downgraded Finisar from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Loop Capital assumed coverage on Finisar in a report on Monday, January 29th. They set a “hold” rating and a $19.00 price target on the stock. Piper Jaffray Companies downgraded Finisar from an “overweight” rating to a “neutral” rating in a report on Monday, January 29th. Finally, Stifel Nicolaus lowered their price target on Finisar from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Finisar currently has a consensus rating of “Hold” and a consensus price target of $27.27.
In other news, EVP Julie Sheridan Eng sold 1,466 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $21.70, for a total value of $31,812.20. Following the sale, the executive vice president now owns 69,150 shares in the company, valued at $1,500,555. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jerry S. Rawls sold 30,209 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $17.94, for a total transaction of $541,949.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,578 shares of company stock worth $1,273,865. 1.02% of the stock is currently owned by corporate insiders.
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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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