Analyst Research Summary: Finisar Corporation (NASDAQ:FNSR)
Finisar Corporation (NASDAQ:FNSR) stock is presently standing at about $26.75 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 11 analysts covering the company is $39.00, which suggests the stock could still rise over 31 percent. The highest analyst price target is $47.25, which implies a rally of 23 percent. And a quick view of analyst notes show that 7 are rating the stock a buy while 4 rate FNSR a strong buy. There are 1 equity research firms advocating a Hold and 0 consider it Sell.
Raymond James analysts provided their view on Finisar Corporation (NASDAQ:FNSR) recently. The rating firm issued a Strong Buy rating to this company in a research note released on Mar 13, 2017. Northland Capital analysts disclosed their opinion on Finisar Corporation (NASDAQ:FNSR) recently. The rating firm gave a Outperform rating to this stock in a research note published on Dec 19, 2016. According to a research note disclosed on Nov 28, 2016, analysts at Needham have upped their rating on these shares from Buy to Strong Buy.
Finisar Corporation (NASDAQ:FNSR) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director Stephens Robert sold 3,015 company shares for 107760, in a transaction on 2017-02-15. Following the transaction, the Director is left with a stake of 43,970 shares, currently valued at $1176198. Meanwhile, EVP Sales / Marketing / R&D Swanson Todd sold 6,183 shares worth $220980, through a transaction dated 2017-02-15. Following the completion of the transaction, the insider is left with a stake of 232,884 shares, amounting $6229647. FNSR EVP Global Operations Young Joseph A also sold 26,273 shares, at a stock price of $35.43. This transaction occurred on 2017-02-13 totals $930850. After this transaction, the insider’s stake stands at 195,309 shares, with a market value of $5224516.
Executives hold 2.66 percent of the stock. Mr. Jerry S. Rawls is one of the biggest insider owners in Finisar Corporation (NASDAQ:FNSR), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 779,464 shares which have current market value of around $20850662.Mr. Eitan Gertel is another major inside shareholder in the company. The insider owns 704,128 shares as of 0.63%, currently worth $18835424. Mr. Todd Swanson is ranked as third insider holder of the stock. This insider holds 232,884 shares with a market value around $6229647 as of recent close.
Finisar Corporation (NASDAQ:FNSR) Earnings Outlook
In Finisar Corporation (NASDAQ:FNSR)’s latest quarter, EPS moved to $0.59 from $0.58 in preceding quarter and revenues reached at $380.59M compared to $369.86M. Analysts had expected Finisar Corporation (NASDAQ:FNSR) to post net income of about $0.62 per share on $389.55M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.58 to $0.64. That is compared with the $0.29 in EPS it reported during the same period a year ago.