Finisar Corporation (FNSR) : Traders are bullish on Finisar Corporation (FNSR) as it has outperformed the S&P 500 by a wide margin of 34.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.82%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.98% in the last 1 week, and is up 33.51% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 10.08% and the 50-Day Moving Average is 31.39%.The 200 Day SMA reached 69.46%
Finisar Corporation (NASDAQ:FNSR): After opening at $29.84, the stock dipped to an intraday low of $29.47 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $29.94 and the buying power remained strong till the end. The stock closed at $29.8 for the day, a gain of 1.09% for the day session. The total traded volume was 1,654,443. The stocks close on the previous trading day was $29.8.
Finisar Corporation (FNSR) : The consensus price target for Finisar Corporation (FNSR) is $30.93 for the short term with a standard deviation of $3.85. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $36, however, the pessimist price target for the company is $24.
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.