Trader’s Buzzer: Finisar Corporation (NASDAQ:FNSR)

Finisar Corporation (NASDAQ:FNSR) received “Upgrade” rating by Jefferies in a research note issued to investors on Mar-15-17 from Hold to Buy.

Additionally on Mar-13-17 the stock was “Upgraded” by Raymond James from Outperform to Strong Buy and on Mar-10-17 the stock was “Reiterated” by Stifel as Buy from $42 to $39. Furthermore on Dec-19-16 the stock was “Upgraded” by Northland Capital as Market Perform to Outperform.

On the other hand the company has Relative Strength Index (RSI 14) of 20.99 along with Average True Range (ATR 14) of 0.99, Consequently Finisar Corporation (NASDAQ:FNSR)’s weekly and monthly volatility is 4.62%, 3.55% respectively. The company’s beta value is at 1.41.

In terms of Buy, Sell or Hold recommendations, Finisar Corporation (NASDAQ:FNSR) has an analyst’s mean recommendation of 1.70. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Finisar Corporation (NASDAQ:FNSR) shares traded -8.77% during the most recent session. Wall Street analysts covering the stock are projecting that the stock will reach $39.84 within the next 52-weeks. The mean target projections are based on 11 opinions, the mean target was last revised on 03/23/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have high price target of $47.25 and with a conservative view have low price target of $34.00 with a standard deviation of $5.90. If seeing target price from optimistic overview then it has a 117 percent upside potential from the latest closing price of $21.75.

While considering growth estimates of the company, it has next quarter growth estimates of 47.40% whereas during current quarter it has 82.80% estimations over growth, comparing to the estimations of 105.00% during current year and 16.40% for next year. Past 5 years growth of Finisar Corporation (NASDAQ:FNSR) observed at 17.74%, looking forward for the next 5 years it has a strong prediction of 17.50% over growth.

Finisar Corporation (NASDAQ:FNSR)’s revenue estimates for the current quarter are $371.99M according to 11 number of analysts, for the current quarter the company has high revenue estimates of $380.6M in contradiction of low revenue estimates of $369.17M. For the current year the company’s revenue estimates are $1.46B compared to low analyst estimates of $1.46B and high estimates of $1.47B according 13 number of analysts.

Finisar Corporation (NASDAQ:FNSR)’s trailing twelve month revenues are $1.41B, whereas its price to sales ratio for the same period is 1.72. Its book value per share for the most recent quarter is $12.75 while its price to book ratio for the same period is 1.71, as for as the company’s cash per share for the most recent quarter is $10.90, however its price to cash per share ratio for the same period is 2.00. The stock has a current PEG of 1.06 where as its P/E ratio is 18.59.

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