Finisar (NASDAQ:FNSR) price target upped to $42.00, issued a ratings update earlier today by Needham
- Updated: November 28, 2016
Having a price of $32.76, Finisar (NASDAQ:FNSR) traded -0.43% lower on the day. With the last stock price close up 43.56% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. The company has recorded a 50-day moving average of $29.92 and a 200-day moving average of $22.82. 0 shares of the stock were exchanged, down from an average trading volume of 2,002,710
Reporting a possible upside of 0.28%, Needham bumped up the target of Finisar (NASDAQ:FNSR) to $42.00
On 01/08/2016, Barclays Capital released a statement about Finisar (NASDAQ:FNSR) dropped the target price from $18.00 to $17.00 that suggested an upside of 0.26%.
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Finisar has a PE ratio of 64.11 with a one year low of $11.26 and a one year high of $33.20 Finisar’s market capitalization is presently $0.
A total of 10 brokerages have issued a ratings update on Finisar. 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 (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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