Goldman Sachs upgraded Finisar (NASDAQ:FNSR) from Neutral to Buy in a statement released earlier today.
- Updated: October 11, 2016
Having a price of $30.64, Finisar (NASDAQ:FNSR) traded 0.88% higher on the day. With the last close up 55.18% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. FNSR has recorded a 50-day average of $26.31 and a two hundred day average of $19.92. Trade Volume was down over the average, with 191,447 shares of FNSR changing hands under the typical 1,703,520
Goldman Sachs has upgraded Finisar (NASDAQ:FNSR) from Neutral to Buy in a statement released on 10/11/2016.
On 9/19/2016, Needham released a statement on Finisar (NASDAQ:FNSR) upped the target price from $32.00 to $36.00 that suggested an upside of 0.28%.
Recent Performance Chart
Finisar has P/E ratio of 60.49 with a one year low of $11.04 and a one year high of $31.42 and has a market cap of $0.
In addition to Goldman Sachs reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is $18.65 with 0 firms rating the stock a strong buy, 5 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About 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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