Are Analysts Bullish about Finisar Corporation (NASDAQ:FNSR) after last week?

August 11, 2017 - By Darrin Black

 Are Analysts Bullish about Finisar Corporation (NASDAQ:FNSR) after last week?
Investors sentiment decreased to 1.24 in Q4 2016. Its down 0.46, from 1.7 in 2016Q3. It is negative, as 26 investors sold Finisar Corporation shares while 71 reduced holdings. 48 funds opened positions while 72 raised stakes. 102.78 million shares or 2.75% more from 100.03 million shares in 2016Q3 were reported.
Thompson Davis Com Inc reported 250 shares stake. Element Cap Management Limited Liability accumulated 0.79% or 255,943 shares. Millennium Mngmt Ltd Liability owns 774,006 shares. Swiss Comml Bank has invested 0.01% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Ao Asset Lc invested 12.27% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Qs Investors Ltd Com owns 318 shares or 0% of their US portfolio. Jpmorgan Chase & Communication accumulated 0% or 94,151 shares. Allianz Asset Mgmt Ag reported 620,232 shares. Columbus Circle reported 0.01% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Employees Retirement System Of Texas accumulated 0.02% or 55,000 shares. Balyasny Asset Ltd Company holds 0.1% or 587,860 shares. Tudor Invest Et Al, a Connecticut-based fund reported 18,600 shares. Morgan Stanley reported 0.01% stake. Jennison Assocs Limited Liability Company reported 16,543 shares. Cap Investors invested 0.06% of its portfolio in Finisar Corporation (NASDAQ:FNSR).

Since February 13, 2017, it had 0 insider buys, and 13 insider sales for $4.31 million activity. Swanson Todd sold $220,980 worth of Finisar Corporation (NASDAQ:FNSR) on Wednesday, February 15. $83,365 worth of Finisar Corporation (NASDAQ:FNSR) was sold by Stephens Robert on Friday, June 16. $823,500 worth of Finisar Corporation (NASDAQ:FNSR) was sold by RAWLS JERRY S. Shares for $11,286 were sold by Eng Julie Sheridan. 26,273 Finisar Corporation (NASDAQ:FNSR) shares with value of $930,967 were sold by Young Joseph A. $1.26M worth of stock was sold by Adzema Kurt on Monday, February 13. FERGUSON ROGER C had sold 5,500 shares worth $148,665 on Wednesday, March 22.

Finisar Corporation (NASDAQ:FNSR) Ratings Coverage

Among 15 analysts covering Finisar Corporation (NASDAQ:FNSR), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Finisar Corporation had 46 analyst reports since August 18, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, December 9 by Stifel Nicolaus. As per Tuesday, October 11, the company rating was upgraded by Goldman Sachs. Stifel Nicolaus maintained Finisar Corporation (NASDAQ:FNSR) rating on Monday, September 12. Stifel Nicolaus has “Buy” rating and $33 target. The rating was upgraded by Needham to “Strong Buy” on Monday, November 28. M Partners maintained the shares of FNSR in report on Friday, December 9 with “Buy” rating. The stock has “Buy” rating by Jefferies on Friday, June 9. The company was maintained on Monday, October 31 by Needham. As per Friday, March 11, the company rating was maintained by B. Riley & Co. The stock of Finisar Corporation (NASDAQ:FNSR) earned “Equalweight” rating by Barclays Capital on Friday, June 17. B. Riley & Co downgraded the stock to “Neutral” rating in Friday, September 11 report. Below is a list of Finisar Corporation (NASDAQ:FNSR) latest ratings and price target changes.

16/06/2017 Broker: B. Riley & Co Rating: Buy New Target: $38.0000 Maintain
16/06/2017 Broker: Dougherty Rating: Buy Maintain
16/06/2017 Broker: William Blair Rating: Buy Maintain
13/06/2017 Broker: Piper Jaffray Rating: Buy New Target: $32.0000 Maintain
12/06/2017 Broker: Craig Hallum Rating: Buy New Target: $38.0000
09/06/2017 Broker: Jefferies Rating: Buy New Target: $34.0000 Maintain
07/06/2017 Broker: William Blair Rating: Buy Maintain
30/06/2017 Broker: DA Davidson Rating: Buy New Target: $40 Initiates Coverage On
15/03/2017 Broker: Jefferies Old Rating: Hold New Rating: Buy Old Target: $32.00 New Target: $34.00 Upgrade
13/03/2017 Broker: Raymond James Old Rating: Outperform New Rating: Strong Buy Upgrade

About 2.16M shares traded. Finisar Corporation (NASDAQ:FNSR) has risen 53.92% since August 11, 2016 and is uptrending. It has outperformed by 37.22% the S&P500.

Finisar Corporation is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The company has market cap of $2.67 billion. 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. It has a 10.77 P/E ratio.

More news for Finisar Corporation (NASDAQ:FNSR) were recently published by: Seekingalpha.com, which released: “Stock Of The Week: Finisar” on August 08, 2017. Nasdaq.com‘s article titled: “Third Avenue Comments on Finisar Corp” and published on July 27, 2017 is yet another important article.

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