Finisar Corporation (NASDAQ:FNSR) EVP Todd Swanson sold 6,183 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $27.36, for a total transaction of $169,166.88. Following the completion of the sale, the executive vice president now owns 221,924 shares in the company, valued at approximately $6,071,840.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Todd Swanson also recently made the following trade(s):
- On Friday, June 16th, Todd Swanson sold 6,183 shares of Finisar Corporation stock. The shares were sold at an average price of $27.65, for a total transaction of $170,959.95.
Shares of Finisar Corporation (NASDAQ FNSR) traded down 0.40% during trading on Thursday, reaching $27.12. 785,727 shares of the company were exchanged. The stock has a 50-day moving average price of $26.45 and a 200-day moving average price of $27.65. The stock has a market capitalization of $3.02 billion, a PE ratio of 12.38 and a beta of 1.31. Finisar Corporation has a one year low of $18.00 and a one year high of $36.85.
Finisar Corporation (NASDAQ:FNSR) last announced its quarterly earnings results on Thursday, June 15th. The technology company reported $0.50 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. The business had revenue of $357.50 million during the quarter, compared to analysts’ expectations of $359.65 million. Finisar Corporation had a net margin of 17.20% and a return on equity of 13.91%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 EPS. Analysts forecast that Finisar Corporation will post $2.10 EPS for the current year.
FNSR has been the topic of a number of research analyst reports. B. Riley restated a “buy” rating and issued a $38.00 target price on shares of Finisar Corporation in a research report on Thursday, June 8th. ValuEngine lowered shares of Finisar Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Jefferies Group LLC restated a “buy” rating and issued a $34.00 target price on shares of Finisar Corporation in a research report on Monday, June 12th. MKM Partners restated a “buy” rating and issued a $32.00 target price (down previously from $41.00) on shares of Finisar Corporation in a research report on Friday, April 21st. Finally, DA Davidson initiated coverage on shares of Finisar Corporation in a research report on Thursday, June 29th. They issued a “buy” rating and a $40.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $37.27.
Large investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC boosted its stake in shares of Finisar Corporation by 4.4% in the first quarter. Acrospire Investment Management LLC now owns 3,991 shares of the technology company’s stock valued at $109,000 after buying an additional 168 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in shares of Finisar Corporation during the first quarter valued at $150,000. Advisory Services Network LLC purchased a new stake in shares of Finisar Corporation during the first quarter valued at $193,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Finisar Corporation during the first quarter valued at $231,000. Finally, US Bancorp DE boosted its stake in shares of Finisar Corporation by 31.0% in the first quarter. US Bancorp DE now owns 9,559 shares of the technology company’s stock valued at $262,000 after buying an additional 2,261 shares during the last quarter.
Finisar Corporation 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.
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 our FREE daily email newsletter.