Are Analysts Bullish Finisar Corporation (NASDAQ:FNSR) After Last Week?

April 23, 2018 - By Marie Mckinney

Finisar Corporation (NASDAQ:FNSR) LogoInvestors sentiment decreased to 0.98 in Q4 2017. Its down 0.28, from 1.26 in 2017Q3. It fall, as 52 investors sold Finisar Corporation shares while 60 reduced holdings. 36 funds opened positions while 74 raised stakes. 101.05 million shares or 0.55% more from 100.50 million shares in 2017Q3 were reported.
Geode Capital Management Lc accumulated 0.01% or 995,439 shares. Comml Bank Of Montreal Can holds 0% or 10,691 shares. Ironwood Investment Mgmt Ltd Liability holds 0.46% or 31,552 shares in its portfolio. Voya Mngmt Ltd owns 50,905 shares. Nj State Employees Deferred Compensation Plan owns 28,000 shares for 0.1% of their portfolio. Pinnacle Limited reported 1.20 million shares or 0.47% of all its holdings. Aqr Capital Mngmt Ltd Limited Liability Company invested in 136,289 shares. Franklin Resource Inc, a California-based fund reported 1.50M shares. Artemis Investment Llp stated it has 0.18% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Verity Asset Mngmt holds 0.34% or 25,150 shares in its portfolio. Metropolitan Life Insur Comm holds 0.01% or 36,563 shares in its portfolio. Raymond James Associates reported 287,443 shares. Stifel Fin owns 57,317 shares for 0% of their portfolio. Canada Pension Plan Board has 328,670 shares. Point72 Asia (Hong Kong) stated it has 255 shares or 0% of all its holdings.

Since December 13, 2017, it had 0 buys, and 6 insider sales for $1.80 million activity. 1,692 shares valued at $37,478 were sold by Colyar Mark on Monday, December 18. $51,900 worth of stock was sold by FERGUSON ROGER C on Thursday, March 22. $154,031 worth of Finisar Corporation (NASDAQ:FNSR) was sold by CLARK JOHN H. 38,000 shares were sold by RAWLS JERRY S, worth $568,514 on Monday, April 2.

Finisar Corporation (NASDAQ:FNSR) Ratings Coverage

Among 14 analysts covering Finisar (NASDAQ:FNSR), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. Finisar had 29 analyst reports since November 1, 2017 according to SRatingsIntel. The stock of Finisar Corporation (NASDAQ:FNSR) earned “Buy” rating by Craig Hallum on Tuesday, January 2. As per Friday, December 8, the company rating was maintained by Piper Jaffray. As per Thursday, March 1, the company rating was maintained by B. Riley & Co. The company was reinitiated on Wednesday, November 1 by Jefferies. Goldman Sachs maintained the shares of FNSR in report on Wednesday, April 11 with “Sell” rating. Morgan Stanley upgraded the stock to “Overweight” rating in Thursday, April 5 report. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, December 13. The stock of Finisar Corporation (NASDAQ:FNSR) has “Hold” rating given on Friday, March 9 by Needham. The rating was downgraded by Needham on Monday, December 4 to “Buy”. The stock has “Sell” rating by Goldman Sachs on Monday, January 15. Below is a list of Finisar Corporation (NASDAQ:FNSR) latest ratings and price target changes.

11/04/2018 Broker: Goldman Sachs Rating: Sell New Target: $15.0000 Maintain
05/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Overweight Old Target: $21 Upgrade
19/03/2018 Broker: Northland Capital Rating: Buy New Target: $22.5 Maintain
09/03/2018 Broker: Northland Capital Rating: Buy New Target: $25.0 Maintain
09/03/2018 Broker: Goldman Sachs Rating: Sell New Target: $15.0 Maintain
09/03/2018 Broker: DA Davidson Rating: Buy New Target: $22.0 Maintain
09/03/2018 Broker: Needham Rating: Hold Downgrade
09/03/2018 Broker: Morgan Stanley Rating: Equal-Weight New Target: $21 Initiates Coverage On
08/03/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $22.0 Maintain
05/03/2018 Broker: Raymond James Old Rating: Strong Buy New Rating: Outperform Downgrade

The stock increased 0.19% or $0.03 during the last trading session, reaching $15.42. About 1.91M shares traded. Finisar Corporation (NASDAQ:FNSR) has declined 45.10% since April 23, 2017 and is downtrending. It has underperformed by 56.65% the S&P500.

Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications in the United States, China, Malaysia, and internationally. The company has market cap of $1.77 billion. The companyÂ’s optical subsystems primarily include transmitters, receivers, transceivers, transponders, and active optical cables, which provide the fundamental optical-electrical, or optoelectronic interface for interconnecting the electronic equipment used in networks comprising switches, routers, and servers used in wireline networks, as well as antennas and base stations used in wireless networks. It has a 17.4 P/E ratio. It also offers wavelength selective switches that are used to switch network traffic from one optical fiber to various other fibers without converting to an electronic signal.

Finisar Corporation (NASDAQ:FNSR) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: