Finisar Corporation (NASDAQ:FNSR) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 2.36 by 11 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 7 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, Barclays maintains its rating on Finisar Corporation (NASDAQ:FNSR).The analysts at the brokerage house have a current rating of Equalweight on the shares. In a recent information released to the investors, Barclays raises the new price target from $17 per share to $20 per share. The rating by the firm was issued on June 17, 2016.
Finisar Corporation (NASDAQ:FNSR) should head towards $20.06 per share according to 9 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $14 per share. The higher price estimate target is at $25 according to the Analysts.
Finisar Corporation (NASDAQ:FNSR) witnessed a decline in the market cap on Tuesday as its shares dropped 1.27% or 0.24 points. After the session commenced at $18.77, the stock reached the higher end at $18.77 while it hit a low of $18.33. With the volume soaring to 1,625,680 shares, the last trade was called at $18.59. The company has a 52-week high of $20.06. The company has a market cap of $2,002 million and there are 107,706,776 shares in outstanding. The 52-week low of the share price is $10.66.
Shares of Finisar Corp. rose by 10.07% in the last five trading days and 19.09% for the last 4 weeks. Finisar Corp. has dropped 0.27% during the last 3-month period . Year-to-Date the stock performance stands at 27.85%.
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.