News headlines about Finisar Corporation (NASDAQ:FNSR) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Finisar Corporation earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.2359848783681 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

Shares of Finisar Corporation (FNSR) opened at 24.68 on Thursday. Finisar Corporation has a 52-week low of $20.29 and a 52-week high of $36.85. The stock has a market cap of $2.75 billion, a PE ratio of 11.27 and a beta of 1.32. The company’s 50-day moving average is $25.90 and its 200-day moving average is $26.96.

Finisar Corporation (NASDAQ:FNSR) last issued its quarterly earnings data on Thursday, June 15th. The technology company reported $0.50 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. Finisar Corporation had a net margin of 17.20% and a return on equity of 13.91%. The company had revenue of $357.50 million during the quarter, compared to the consensus estimate of $359.65 million. During the same quarter last year, the company earned $0.29 earnings per share. Finisar Corporation’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities analysts anticipate that Finisar Corporation will post $2.10 EPS for the current year.

Several brokerages recently commented on FNSR. B. Riley reiterated a “buy” rating and set a $38.00 price target on shares of Finisar Corporation in a report on Sunday, June 18th. William Blair reiterated an “outperform” rating on shares of Finisar Corporation in a report on Friday, June 9th. Zacks Investment Research downgraded shares of Finisar Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub downgraded shares of Finisar Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $34.00 price target on shares of Finisar Corporation in a report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $36.27.

COPYRIGHT VIOLATION WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Finisar Corporation (FNSR) Share Price” was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-finisar-corporation-fnsr-share-price/1519094.html.

In other news, SVP Mark Colyar sold 2,166 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $27.19, for a total transaction of $58,893.54. Following the completion of the transaction, the senior vice president now directly owns 44,822 shares in the company, valued at approximately $1,218,710.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert Stephens sold 6,030 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $27.00, for a total value of $162,810.00. Following the transaction, the director now owns 34,924 shares of the company’s stock, valued at $942,948. The disclosure for this sale can be found here. Insiders sold 107,991 shares of company stock valued at $2,905,146 in the last ninety days. 1.02% of the stock is owned by corporate insiders.

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.

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

Receive News & Ratings for Finisar Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finisar Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.