Analyst Price Target Update on Finisar Corporation (NASDAQ:FNSR)

Finisar Corporation (NASDAQ:FNSR): 9 Analyst have given the stock of Finisar Corporation (NASDAQ:FNSR) a near short term price target of $18.17. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $2.12. The higher price target estimate is at $20 while the lower price estimates are fixed at $14.

Many analysts have stated their opinion on the company shares. B. Riley maintains their rating on the shares of Finisar Corporation (NASDAQ:FNSR). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $20 per share from $13.5 per share. The rating by the firm was issued on March 11, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The director officer (Chairman of the Board & CEO) of Finisar Corp, Rawls Jerry S sold 25,038 shares at $18 on March 29, 2016. The Insider selling transaction had a total value worth of $450,684. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Finisar Corporation (NASDAQ:FNSR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.53 points or 3.05% at $16.83 with 1,196,243 shares getting traded. Post opening the session at $17.22, the shares hit an intraday low of $16.81 and an intraday high of $17.46 and the price was in this range throughout the day. The company has a market cap of $1,810 million and the number of outstanding shares have been calculated to be 107,530,122 shares. The 52-week high of Finisar Corporation (NASDAQ:FNSR) is $22.715 and the 52-week low is $10.66.

Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Companys optical subsystems consist of transmitters, receivers, transceivers, transponders, optical engines and active optical cables that provide the fundamental optical-electrical, or optoelectronic, interface for interconnecting the electronic equipment used in communication networks, including the switches, routers and servers used in wireline networks, as well as the antennas and base stations used in wireless networks. These products rely on the use of semiconductor lasers and photodetectors in conjunction with integrated circuits and optoelectronic packaging to provide a means for transmitting and receiving digital signals over fiber optic cable at speeds ranging from less than one gigabit per second, to more than 100 gigabits per second, over distances of less than 10 meters to more than 2,000 kilometers.

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