A statement released earlier today by Needham & Company LLC about Finisar Corporation (NASDAQ:FNSR) raises the target price to $42.00
- Updated: November 28, 2016
Yesterday Finisar Corporation (NASDAQ:FNSR) traded -0.43% lower at $32.76. The company’s 50-day moving average is $29.92 and its 200-day moving average is $22.82. The last stock close price is up 43.56% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 2,002,710
Finisar Corporation (NASDAQ:FNSR) had its target price raised to $42.00 by Needham & Company LLC in a report released 11/28/2016. The new target price indicates a possible upside of 0.28% based on the company's last stock close price.
Previously on 1/8/2016, Barclays Capital reported about Finisar Corporation (NASDAQ:FNSR) lowered the target price from $18.00 to $17.00. At the time, this indicated a possible upside of 0.26%.
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Finisar Corporation has a 52 week low of $11.26 and a 52 week high of $33.20 with a P/E ratio of 64.11 The company’s market cap is currently $0.
In addition to Needham & Company LLC reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is $18.65 with 0 firms rating the stock a strong buy, 5 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Finisar Corporation (NASDAQ:FNSR)
Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. 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. 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 (Gbps), to more than 100 Gbps, over distances of less than 10 meters to more than 2,000 kilometers, using a range of network protocols and physical configurations.
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