Insider Selling: Finisar Co. (FNSR) SVP Sells 1,692 Shares of Stock

Finisar Co. (NASDAQ:FNSR) SVP Mark Colyar sold 1,692 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $22.15, for a total transaction of $37,477.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Finisar Co. (FNSR) traded up $0.48 on Friday, hitting $22.74. 4,094,262 shares of the stock traded hands, compared to its average volume of 5,950,000. Finisar Co. has a 52-week low of $17.20 and a 52-week high of $36.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 7.81 and a quick ratio of 6.31. The stock has a market cap of $2,590.00, a PE ratio of 12.99, a PEG ratio of 2.19 and a beta of 1.15.

Finisar (NASDAQ:FNSR) last posted its earnings results on Thursday, December 7th. The technology company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. Finisar had a net margin of 14.33% and a return on equity of 9.51%. The company had revenue of $332.21 million during the quarter, compared to analysts’ expectations of $331.69 million. equities analysts expect that Finisar Co. will post 0.73 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. DnB Asset Management AS lifted its position in Finisar by 22.9% during the fourth quarter. DnB Asset Management AS now owns 2,248,526 shares of the technology company’s stock valued at $45,758,000 after acquiring an additional 419,120 shares during the last quarter. Aurora Investment Counsel purchased a new stake in Finisar during the fourth quarter valued at approximately $1,569,000. Parametric Portfolio Associates LLC lifted its position in Finisar by 9.4% during the third quarter. Parametric Portfolio Associates LLC now owns 590,476 shares of the technology company’s stock valued at $13,091,000 after acquiring an additional 50,839 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Finisar by 3.6% during the third quarter. Public Employees Retirement System of Ohio now owns 97,201 shares of the technology company’s stock valued at $2,155,000 after acquiring an additional 3,341 shares during the last quarter. Finally, Argent Capital Management LLC purchased a new stake in Finisar during the third quarter valued at approximately $687,000. 91.21% of the stock is owned by institutional investors.

FNSR has been the subject of several research reports. Piper Jaffray Companies reissued a “buy” rating and issued a $26.00 price objective on shares of Finisar in a research report on Sunday, September 17th. Jefferies Group initiated coverage on shares of Finisar in a research report on Wednesday, November 1st. They issued a “buy” rating and a $28.50 price objective for the company. TheStreet cut shares of Finisar from a “b” rating to a “c+” rating in a research report on Thursday, November 2nd. Goldman Sachs Group cut shares of Finisar from a “buy” rating to a “neutral” rating in a research report on Monday, November 6th. Finally, Zacks Investment Research raised shares of Finisar from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Finisar has a consensus rating of “Buy” and an average target price of $28.82.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/01/14/mark-colyar-sells-1692-shares-of-finisar-corporation-fnsr-stock.html.

Finisar Company Profile

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.

Insider Buying and Selling by Quarter for Finisar (NASDAQ:FNSR)

Receive News & Ratings for Finisar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finisar and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply