Jefferies Group reaffirmed their underperform rating on shares of Finisar Corp. (NASDAQ:FNSR) in a research note issued to investors on Wednesday, American Banking and Market News reports.
Finisar Corp. (NASDAQ:FNSR) opened at 22.68 on Wednesday. Finisar Corp. has a one year low of $10.95 and a one year high of $25.00. The stock’s 50-day moving average is $22.14 and its 200-day moving average is $16.69. The company has a market cap of $2.173 billion and a P/E ratio of 79.30.
Finisar Corp. (NASDAQ:FNSR) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.01. The company had revenue of $266.07 million for the quarter, compared to the consensus estimate of $263.15 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 20.7% on a year-over-year basis. On average, analysts predict that Finisar Corp. will post $1.43 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital initiated coverage on shares of Finisar Corp. (NASDAQ:FNSR) in a research note to investors on Wednesday, September 11th. They set an overweight rating and a $30.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Finisar Corp. (NASDAQ:FNSR) from $24.00 to $28.00 in a research note to investors on Friday, September 6th. They now have an outperform rating on the stock. Finally, analysts at Piper Jaffray Cos. raised their price target on shares of Finisar Corp. (NASDAQ:FNSR) from $26.00 to $32.00 in a research note to investors on Friday, September 6th. They now have an overweight rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $25.96.
Finisar Corporation develops and provides fiber optic subsystems and network performance test systems which enable data communications over local area networks, or LANs, and storage area networks, or SANs.
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