Finisar Corp (NASDAQ:FNSR) shares traded 0.17% up during most recent session to reach at the closing price of $17.99. The stock exchanged hands 3.76 Million shares versus average trading capacity of 3.23 Million shares, yielding a market cap of $2.09 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $21.25 within the next 52-weeks. The mean target projections are based on 12 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Finisar Corp (NASDAQ:FNSR) high price target of $25 and with a conservative view have low price target of $17.5.
Morgan Stanley “Upgrades” Finisar Corp (NASDAQ:FNSR) in a research note issued to investors on 4/05/18 to Overweight.
Additionally on 3/09/18 Stifel Nicolaus “Maintained” Finisar Corp (NASDAQ:FNSR) to Buy setting price target at $22 and on 3/09/18 Needham “Downgrades” the stock to Hold. Furthermore on 3/09/18 Morgan Stanley “Initiates Coverage On” the stock to Equal-Weight at $21.
On the other hand the company has Relative Strength Index (RSI 14) of 65.33 along with Average True Range (ATR 14) of 0.49, Consequently Finisar Corp (NASDAQ:FNSR)’s weekly and monthly volatility is 3.16%, 2.72% respectively. The company’s beta value is at 1.35.
In terms of Buy, Sell or Hold recommendations, Finisar Corp (NASDAQ:FNSR) has analysts’ mean recommendation of 2.3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Finisar Corp (NASDAQ:FNSR)’s minimum EPS for the current quarter is at $0.09 and can go high up to $0.13. The consensus mean EPS for the current quarter is at $0.12 derived from a total of 14 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.5 earnings per share for the same quarter during last year.
Previously Finisar Corp (NASDAQ:FNSR) reported $0.2 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $-0.03. The company posted an earnings surprise of -13%.
Finisar Corp (NASDAQ:FNSR)’s revenue estimates for the current quarter are $310.03 Million according to 13 number of analysts, for the current quarter the company has high revenue estimates of $313.4 Million in contradiction of low revenue estimates of $306.77 Million. For the current year the company’s revenue estimates are $1.32 Billion compared to low analyst estimates of $1.31 Billion and high estimates of $1.32 Billion according to 14 number of analysts.
Currently Finisar Corp (NASDAQ:FNSR)’s shares owned by insiders are 0.9%, whereas shares owned by institutional owners are 97.95%. However the six-month change in the insider ownership was recorded -14.13%, as well as three-month change in the institutional ownership was recorded 13.84%.
Finisar Corp (NASDAQ:FNSR)’s trailing twelve month revenues are $1.36 Billion, whereas its price to sales ratio for the same period is 1.53. Its book value per share for the most recent quarter is $14.36 while its price to book ratio for the same period is 1.25, as for as the company’s cash per share for the most recent quarter is $10.47, however its price to cash per share ratio for the same period is 1.72. The stock has 5 year expected PEG ratio of 0.89 whereas its trailing twelve month P/E ratio is 14.69.