Finisar Corp (NASDAQ:FNSR) shares traded -2.47% down during most recent session to reach at the closing price of $22.86. The stock exchanged hands 2.05 Million shares versus average trading capacity of 3.12 Million shares, yielding a market cap of $2.62 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $23.96 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 $26 and with a conservative view have low price target of $20.
Morgan Stanley “Maintained” Finisar Corp (NASDAQ:FNSR) in a research note issued to investors on 12/04/18 to Equal-Weight with price target of $25.
Additionally on 11/12/18 Goldman Sachs “Upgrades” Finisar Corp (NASDAQ:FNSR) to Neutral setting price target at $0 and on 9/13/18 Morgan Stanley “Downgrades” the stock to Equal-Weight at $20. Furthermore on 9/07/18 B. Riley FBR “Maintained” the stock to Neutral at $19.
On the other hand the company has Relative Strength Index (RSI 14) of 64.17 along with Average True Range (ATR 14) of 0.75, Consequently Finisar Corp (NASDAQ:FNSR)’s weekly and monthly volatility is 2.50%, 3.61% respectively. The company’s beta value is at 1.48.
In terms of Buy, Sell or Hold recommendations, Finisar Corp (NASDAQ:FNSR) has analysts’ mean recommendation of 2.7. 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 $0.19 and can go high up to $0.22. The consensus mean EPS for the current quarter is at $0.22 derived from a total of 14 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.23 earnings per share for the same quarter during last year.
Previously Finisar Corp (NASDAQ:FNSR) reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.06. The company posted an earnings surprise of 50%.
Finisar Corp (NASDAQ:FNSR)’s revenue estimates for the current quarter are $326.59 Million according to 13 number of analysts, for the current quarter the company has high revenue estimates of $335 Million in contradiction of low revenue estimates of $323.06 Million. For the current year the company’s revenue estimates are $1.32 Billion compared to low analyst estimates of $1.27 Billion and high estimates of $1.35 Billion according to 14 number of analysts.
Currently Finisar Corp (NASDAQ:FNSR)’s shares owned by insiders are 1.4%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded -12.94%, as well as three-month change in the institutional ownership was recorded -5.35%.
Finisar Corp (NASDAQ:FNSR)’s trailing twelve month revenues are $1.29 Billion, whereas its price to sales ratio for the same period is 2.03. Its book value per share for the most recent quarter is $13.84 while its price to book ratio for the same period is 1.65, as for as the company’s cash per share for the most recent quarter is $10.11, however its price to cash per share ratio for the same period is 2.26. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.