Finisar Corp. (NASDAQ:FNSR) EVP Todd Swanson sold 6,183 shares of Finisar Corp. stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $29.27, for a total transaction of $180,976.41. Following the transaction, the executive vice president now directly owns 243,739 shares of the company’s stock, valued at $7,134,240.53. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Todd Swanson also recently made the following trade(s):
Finisar Corp. (NASDAQ:FNSR) opened at 30.89 on Friday. The firm has a 50-day moving average of $30.79 and a 200-day moving average of $26.58. Finisar Corp. has a 52-week low of $12.04 and a 52-week high of $36.85. The firm has a market cap of $3.42 billion, a PE ratio of 34.90 and a beta of 1.40.
Finisar Corp. (NASDAQ:FNSR) last released its earnings results on Thursday, December 8th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.12. Finisar Corp. had a return on equity of 10.56% and a net margin of 7.31%. The company earned $369.90 million during the quarter, compared to the consensus estimate of $361.99 million. Equities analysts anticipate that Finisar Corp. will post $2.15 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new position in shares of Finisar Corp. during the second quarter worth $2,478,000. ClariVest Asset Management LLC purchased a new position in shares of Finisar Corp. during the second quarter worth $2,197,000. Hood River Capital Management LLC boosted its position in shares of Finisar Corp. by 13.4% in the second quarter. Hood River Capital Management LLC now owns 579,311 shares of the company’s stock worth $10,144,000 after buying an additional 68,324 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in shares of Finisar Corp. during the second quarter worth $222,000. Finally, Chicago Equity Partners LLC purchased a new position in shares of Finisar Corp. during the second quarter worth $310,000. 91.46% of the stock is owned by institutional investors.
Several equities research analysts recently commented on FNSR shares. B. Riley reissued a “buy” rating and issued a $38.00 price target on shares of Finisar Corp. in a report on Wednesday, October 5th. Needham & Company LLC reissued a “strong-buy” rating on shares of Finisar Corp. in a report on Friday, January 6th. MKM Partners reissued a “buy” rating on shares of Finisar Corp. in a report on Thursday, December 22nd. Jefferies Group boosted their price target on shares of Finisar Corp. from $28.00 to $37.00 and gave the stock a “hold” rating in a report on Friday, December 9th. Finally, Northland Securities raised shares of Finisar Corp. from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $31.17 to $40.00 in a report on Monday, December 19th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $39.23.
Finisar Corp. 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.