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Finisar Corporation (NASDAQ:FNSR) has been downgraded to Sell in a report by Zacks Investment Research today.

Zacks Investment Research has downgraded Finisar Corporation (NASDAQ:FNSR) to Sell in a statement released on 06/21/2017.

Boasting a price of $27.13, Finisar Corporation (NASDAQ:FNSR) traded 0.96% higher on the day. With the last stock close price up -15.15% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same time period. Finisar Corporation has recorded a 50-day average of $24.46 and a two hundred day average of $25.92. Trading volume was up over the average, with 3,397,910 shares of FNSR changing hands over the typical 3,197,350

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Finisar Corporation (NASDAQ:FNSR)

Finisar Corporation has one year low of $20.16 and a one year high of $36.85 with a price-earnings ratio of 10.34 and has a total market value of $0.

A total of 10 brokers have issued a research note on the company. 0 brokers rating the stock a strong buy, 5 brokers rating the company a buy, seven brokerages rating the company a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the company a sell with a one year target of $18.65.

More 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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