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Finisar (NASDAQ:FNSR) target price raised to $36.00, reported today by Needham

Reporting a possible upside of 0.28%, Needham upped the target stock price of Finisar (NASDAQ:FNSR) to $36.

Previously on Wednesday September 14 2016, Zacks Investment Research released a statement about Finisar(NASDAQ:FNSR) bumped the target price from $0.00 to $32.00 that suggested an upside of 0.19%.

Yesterday Finisar (NASDAQ:FNSR) traded 0.07% lower at $28.20. Finisar’s 50-day moving average is $20.87 and its 200-day moving average is $18.09. With the last stock close up 55.91% from the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. Trade volume was was up over the average, with 2,619,574 shares of FNSR changing hands over the typical 1,629,720 shares..

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Finisar has a 52 week low of $10.66 and a 52 week high of $28.29 with a PE ratio of 55. The company’s market cap is currently $0.0.

In addition to Needham reporting it’s stock price target, a total of 10 firms have issued a ratings update on Finisar. The one year target price is $18.65 with 0 rating the stock a strong buy, five firms rating the company a buy, seven firms rating the stock a hold, 0 rating the stock to underperform, and lastly 0 firmsrating the company as sell.

Brief Synopsis On 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, and using a range of network protocols and physical configurations.

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