Finisar Corporation (FNSR) EPS Estimated At $0.42

May 19, 2017 - By Ellis Scott

 Finisar Corporation (FNSR) EPS Estimated At $0.42

Investors wait Finisar Corporation (NASDAQ:FNSR) to report on June, 15. its quarterly earnings Wall Street analysts expect $0.42 EPS, up $0.24 or 133.33 % from last year’s $0.18 same quarter earnings. This translates into $46.75M profit for FNSR giving the stock a 14.12 P/E. This is assuming the current $0.42 EPS is accurate. Finisar Corporation’s Wall Street analysts see -10.64 % negative EPS growth, taking into account the $0.47 EPS reproted in the previous quarter, About 1.18M shares traded. Finisar Corporation (NASDAQ:FNSR) has risen 6.00% since April 19, 2017 and is uptrending. It has by 0.00% the S&P500.

Finisar Corporation (NASDAQ:FNSR) Ratings Coverage

Among 13 analysts covering Finisar Corporation (NASDAQ:FNSR), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Finisar Corporation had 38 analyst reports since August 18, 2015 according to SRatingsIntel. On Wednesday, March 15 the stock rating was upgraded by Jefferies to “Buy”. As per Friday, September 9, the company rating was upgraded by William Blair. The firm has “Equalweight” rating given on Friday, June 17 by Barclays Capital. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, September 9. Needham maintained it with “Strong Buy” rating and $44 target in Friday, December 9 report. The firm earned “Outperform” rating on Monday, December 19 by Northland Capital. The company was maintained on Friday, December 9 by M Partners. The rating was upgraded by Goldman Sachs on Tuesday, October 11 to “Buy”. The rating was initiated by Northland Capital on Tuesday, August 18 with “Market Perform”. Raymond James upgraded the shares of FNSR in report on Monday, March 13 to “Strong Buy” rating.

Investors sentiment decreased to 1.24 in Q4 2016. Its down 0.46, from 1.7 in 2016Q3. It turned 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.
Moreover, Ironwood Inv Mgmt Ltd Company has 0.65% invested in Finisar Corporation (NASDAQ:FNSR). 25,679 are held by Sheets Smith Wealth Management. Panagora Asset Management Inc has 452,143 shares for 0.06% of their portfolio. Chicago Equity Prtn Limited Liability Corporation has 170,100 shares for 0.14% of their portfolio. Canada Pension Plan Investment Board holds 0.06% or 555,870 shares in its portfolio. Invesco invested in 0% or 457,951 shares. Highbridge Cap Mgmt Ltd reported 288,122 shares. Smithfield Co has 0.03% invested in Finisar Corporation (NASDAQ:FNSR). Gotham Asset Mgmt Ltd Company invested 0.04% in Finisar Corporation (NASDAQ:FNSR). Art Advsr Llc stated it has 83,909 shares. Eam Investors Ltd Liability Company holds 0.38% or 94,761 shares. Hsbc Hldg Public Limited Com reported 26,295 shares. 7,298 are held by Us Commercial Bank De. Td Asset Mngmt invested in 0% or 59,068 shares. Guggenheim Ltd Liability accumulated 301,170 shares.

Since November 14, 2016, it had 0 buys, and 17 sales for $5.15 million activity. Swanson Todd had sold 6,183 shares worth $220,980. Brown Christopher also sold $201,600 worth of Finisar Corporation (NASDAQ:FNSR) shares. Shares for $43,860 were sold by Eng Julie Sheridan. Shares for $930,967 were sold by Young Joseph A on Monday, February 13. $171,320 worth of Finisar Corporation (NASDAQ:FNSR) was sold by Stephens Robert on Thursday, December 15. Another trade for 4,622 shares valued at $147,904 was made by Colyar Mark on Monday, November 14. FERGUSON ROGER C sold $148,665 worth of stock or 5,500 shares.

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 $2.64 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 20.28 P/E ratio.

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