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

Having a price of $25.41, Finisar Corporation (NASDAQ:FNSR) traded -0.73% lower on the day. With the last stock price up -5.68% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.01% over the same period. FNSR has recorded a 50-day average of $22.01 and a two hundred day average of $24.42. Trade Volume was up over the average, with 3,718,980 shares of FNSR changing hands over the typical 3,005,510

Zacks Investment Research has downgraded Finisar Corporation (NASDAQ:FNSR) to Sell in a statement released on 05/23/2017.

Recent Performance Chart

Finisar Corporation (NASDAQ:FNSR)

Finisar Corporation has PE ratio of 10.83 with a one year low of $20.16 and a one year high of $36.85 and has a market capitalization of $0.

A total of 10 brokerages have issued a ratings update on Finisar Corporation. zero brokerages rating the company a strong buy, five brokerages rating the company a buy, seven brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $18.65.

General Company Details For 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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