News coverage about Finisar (NASDAQ:FNSR) has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Finisar earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.9150167552211 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

Several brokerages have issued reports on FNSR. Piper Jaffray Companies raised their price objective on shares of Finisar from $22.00 to $28.00 in a research report on Wednesday, December 13th. DA Davidson restated a “buy” rating and set a $30.00 price objective on shares of Finisar in a research report on Wednesday, November 29th. William Blair restated a “buy” rating on shares of Finisar in a research report on Friday, December 8th. Raymond James Financial set a $22.00 price objective on shares of Finisar and gave the stock a “buy” rating in a research report on Thursday, December 7th. Finally, Stifel Nicolaus cut their price objective on shares of Finisar from $27.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, December 6th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $27.75.

Shares of Finisar (NASDAQ FNSR) opened at $20.68 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 7.81 and a quick ratio of 6.31. Finisar has a 1 year low of $17.20 and a 1 year high of $36.41. The firm has a market cap of $2,360.00, a P/E ratio of 11.82, a PEG ratio of 2.08 and a beta of 1.15.

Finisar (NASDAQ:FNSR) last released its quarterly earnings results on Thursday, December 7th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Finisar had a net margin of 14.33% and a return on equity of 9.51%. The company had revenue of $332.21 million during the quarter, compared to the consensus estimate of $331.69 million. analysts predict that Finisar will post 0.73 EPS for the current year.

In other news, Director Roger C. Ferguson sold 3,000 shares of Finisar stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $21.68, for a total value of $65,040.00. Following the completion of the sale, the director now directly owns 41,034 shares in the company, valued at $889,617.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kurt Adzema sold 20,025 shares of Finisar stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $22.15, for a total transaction of $443,553.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,369 shares of company stock valued at $1,189,715. 1.02% of the stock is owned by company insiders.

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About Finisar

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.

Insider Buying and Selling by Quarter for Finisar (NASDAQ:FNSR)

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