Finisar (FNSR) Getting Somewhat Positive Press Coverage, Analysis Finds

News coverage about Finisar (NASDAQ:FNSR) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Finisar earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 48.3712393394037 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

Get Finisar alerts: Free Research Report as EchoStar��s Revenues Jumped 16% (finance.yahoo.com) Riding The Finisar Waves (seekingalpha.com) Finisar Announces Fiscal 2018 Financial Results (finance.yahoo.com) Finisar Jumps Despite Weaker Than Expected Q4 Results (nasdaq.com) Finisar Stock Runs Into Familiar Resistance After Earnings (schaeffersresearch.com)

A number of research analysts have issued reports on the company. DA Davidson boosted their price target on Finisar to $26.00 and gave the stock a “buy” rating in a research report on Friday. Needham & Company LLC lowered Finisar from a “buy” rating to a “hold” rating and boosted their price target for the stock from $16.64 to $29.41 in a research report on Friday, March 9th. Morgan Stanley assumed coverage on Finisar in a research report on Friday, March 9th. They set an “equal weight” rating and a $21.00 price target for the company. B. Riley reiterated a “buy” rating and set a $17.50 price target (down previously from $18.00) on shares of Finisar in a research report on Friday, March 9th. Finally, Zacks Investment Research upgraded Finisar from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.83.

Shares of Finisar opened at $18.25 on Tuesday, MarketBeat reports. Finisar has a 12-month low of $14.25 and a 12-month high of $28.84. The company has a current ratio of 4.00, a quick ratio of 3.24 and a debt-to-equity ratio of 0.30. The firm has a market cap of $2.06 billion, a PE ratio of 57.03, a P/E/G ratio of 2.07 and a beta of 1.19.

Finisar (NASDAQ:FNSR) last posted its quarterly earnings data on Thursday, June 14th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Finisar had a positive return on equity of 2.74% and a negative net margin of 3.67%. The company had revenue of $310.07 million for the quarter, compared to the consensus estimate of $309.93 million. During the same period in the prior year, the firm posted $0.50 earnings per share. The business’s revenue was down 13.3% on a year-over-year basis. equities research analysts predict that Finisar will post 0.62 EPS for the current fiscal year.

In other news, Director Roger C. Ferguson sold 3,000 shares of Finisar stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $17.30, for a total transaction of $51,900.00. Following the completion of the sale, the director now directly owns 28,784 shares of the company’s stock, valued at approximately $497,963.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jerry S. Rawls sold 38,250 shares of Finisar stock in a transaction on Friday, June 1st. The stock was sold at an average price of $16.67, for a total transaction of $637,627.50. Following the sale, the director now directly owns 601,508 shares of the company’s stock, valued at $10,027,138.36. The disclosure for this sale can be found here. Insiders have sold a total of 109,458 shares of company stock valued at $1,728,950 over the last ninety days. 1.02% of the stock is currently owned by insiders.

Finisar Company Profile

Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications in the United States, China, Malaysia, and internationally. The company'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.