To: Sr K who wrote (440 ) 9/5/2015 10:26:06 AM From: Kirk © Respond to Raymond James dropped their price target on shares ofFinisar (NASDAQ:FNSR) from $24.00 to $22.00 in a research report issued on Friday, StockTargetPrices.com reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 42.76% from the company’s previous close. NASDAQ:FNSR ) traded down 1.69% during trading on Friday, reaching $15.15. The company’s stock had a trading volume of 369,934 shares. The firm’s 50-day moving average price is $16.65 and its 200-day moving average price is $19.89. Finisar has a one year low of $14.22 and a one year high of $23.38. The company has a market capitalization of $1.58 billion and a price-to-earnings ratio of 137.73.earnings per share . The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts anticipate that Finisar will post $1.16 earnings per share for the current year.In related news, VP Christopher Brown sold 5,300 shares of Finisar stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $18.78, for a total transaction of $99,534.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, VP Joseph A. Young sold 4,000 shares of Finisar stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $19.72, for a total transaction of $78,880.00. The disclosure for this sale can be found here . Northland Securities initiated coverage on shares of Finisar in a report on Tuesday, August 18th. They issued a “market perform” rating and a $15.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price target on shares of Finisar in a report on Monday, July 20th. MKM Partners reissued a “buy” rating and issued a $24.00 target price on shares of Finisar in a research report on Thursday, July 2nd. Craig Hallum reiterated a “hold” rating and issued a $25.00 price target (up from $24.00) on shares of Finisar in a research note on Thursday, July 2nd. Finally, B. Riley restated a “buy” rating and set a $27.00 price objective (up previously from $25.50) on shares of Finisar in a research report on Tuesday, June 23rd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $22.15 . Corporation provides components and optical subsystems which are found in data communication and telecommunication applications. The optical subsystems of the Firm include transmitters, receivers, transceivers, transponders and active optical cables that offer the optical-electric interface for interconnecting the electronic equipment which rely on the usage of semiconductor lasers and photodetectors in with optoelectronic packaging and integrated circuits. The Company furnishes transponders and optical transceivers that allow point-to-point communications on a fiber utilizing one given wavelength that, with multiplexing technologies bundled, to furnish multi-Gbps bandwidth over several wavelengths on precisely the same fiber. The Company provides products referred to as wavelength selective switches ( NASDAQ:FNSR ). WSS are without first converting the optical signal switches used to switch network traffic.dakotafinancialnews.com
