Goldman Sachs Group Inc. announced Finisar Corporation (NASDAQ:FNSR), boosting its stock price target to $39.00 today
- Updated: October 10, 2016
In a report released on Tuesday October 11, 2016 Goldman Sachs Group Inc. increased the stock price target of Finisar Corporation (NASDAQ:FNSR) from $24.00 to $39.00 indicating a possible upside of 0.27%.
Previously on 9/19/2016, Needham reported about Finisar Corporation (NASDAQ:FNSR) raised the target price from $32.00 to $36.00. At the time, this indicated a possible upside of 0.28%.
Yesterday Finisar Corporation (NASDAQ:FNSR) traded 0.88% higher at $30.64. The company’s 50-day moving average is $26.31 and its 200-day moving average is $19.92. The last closing price is up 55.18% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 191,447 shares of FNSR changing hands under the typical 1,703,520
With a total market value of $0, Finisar Corporation has price-earnings ratio of 60.49 with a one year low of $11.04 and a one year high of $31.42 .
A total of 10 equity analysts have released a ratings update on Finisar Corporation. zero brokerages rating the company a strong buy, five brokerages rating the company a buy, seven analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price 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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