Media coverage about Finisar (NASDAQ:FNSR) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Finisar earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 47.2661781549528 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
Finisar traded down $0.16, hitting $18.35, during mid-day trading on Tuesday, Marketbeat Ratings reports. 133,010 shares of the company’s stock traded hands, compared to its average volume of 2,841,938. The company has a current ratio of 4.00, a quick ratio of 3.24 and a debt-to-equity ratio of 0.30. Finisar has a 1 year low of $14.25 and a 1 year high of $28.84. The company has a market capitalization of $2.07 billion, a P/E ratio of 57.34, a price-to-earnings-growth ratio of 2.60 and a beta of 1.34.
Finisar (NASDAQ:FNSR) last posted its earnings results on Thursday, June 14th. The technology company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.07). Finisar had a negative net margin of 3.67% and a positive return on equity of 2.74%. The business had revenue of $310.07 million for the quarter, compared to analysts’ expectations of $309.93 million. During the same quarter last year, the business posted $0.50 earnings per share. The business’s revenue was down 13.3% compared to the same quarter last year. equities research analysts predict that Finisar will post 0.5 earnings per share for the current year.
Several analysts have recently commented on the stock. DA Davidson raised their target price on shares of Finisar to $26.00 and gave the stock a “buy” rating in a research note on Friday, June 15th. William Blair reiterated a “buy” rating on shares of Finisar in a research note on Monday, March 5th. Raymond James reiterated an “outperform” rating on shares of Finisar in a research note on Monday, March 5th. BidaskClub upgraded shares of Finisar from a “sell” rating to a “hold” rating in a research note on Saturday, June 16th. Finally, Goldman Sachs Group set a $15.00 price objective on shares of Finisar and gave the company a “sell” rating in a research note on Wednesday, April 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.83.
In other Finisar news, Director Jerry S. Rawls sold 38,250 shares of the firm’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $16.67, for a total transaction of $637,627.50. Following the completion of the transaction, the director now directly owns 601,508 shares in the company, valued at approximately $10,027,138.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roger C. Ferguson sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $17.77, for a total transaction of $53,310.00. Following the transaction, the director now owns 25,784 shares of the company’s stock, valued at $458,181.68. The disclosure for this sale can be found here. Insiders have sold a total of 85,283 shares of company stock valued at $1,399,602 over the last 90 days. 1.02% of the stock is currently owned by insiders.
Finisar Corporation provides components and subsystems to networking equipment manufacturers, data center operators, telecom service providers, consumer electronics, and automotive companies in the United States, China, Malaysia, and internationally. The company's optical subsystems primarily include transmitters, receivers, transceivers, transponders, and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in wireline networks comprising switches, routers, and servers, as well as wireless networks, such as antennas and base stations.
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.