Finisar Corporations in-depth stock price analysis indicates that the stock price has rallied 4.11% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 66.91% . Looking at the past 52 week period, the stock price is up at 172.95% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Finisar Corporation has a positive value of 65.95 compared to overall market. Finisar Corporation (NASDAQ:FNSR) has climbed 12.98% in the past week and advanced 16.13% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 12.07% and the outperformance has advanced to 14.05% for the last 4 weeks period.
Finisar Corporation (NASDAQ:FNSR) : On Friday heightened volatility was witnessed in Finisar Corporation (NASDAQ:FNSR) which led to swings in the share price. The stock opened for trading at $32.51 and hit $34.24 on the upside , eventually ending the session at $34.2, with a gain of 5.46% or 1.77 points. The heightened volatility saw the trading volume jump to 4,873,087 shares. The 52-week high of the share price is $36.85 and the company has a market cap of $3,786 million. The 52-week low of the share price is at $12.19 .
Finisar Corporation Last issued its quarterly earnings results on Dec 8, 2016. The company reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.12. Analyst had a consensus of $0.46. The company had revenue of $369.90 million for the quarter, compared to analysts expectations of $364.29 million. The companys revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Finisar Corporation was Upgraded by Northland Capital to Outperform on Dec 19, 2016. Company shares were Reiterated by Needham on Dec 9, 2016 to Strong Buy, Raises Price Target to $ 44 from a previous price target of $42 .Company shares were Reiterated by Stifel on Dec 9, 2016 to Buy, Raises Price Target to $ 42 from a previous price target of $33 .Company shares were Reiterated by MKM Partners on Dec 9, 2016 to Buy, Raises Price Target to $ 43 from a previous price target of $37.50 .Company shares were Upgraded by Needham on Nov 28, 2016 to Strong Buy, Raises Price Target to $ 42 from a previous price target of $38 .
Company has reported several Insider transactions to the SEC, on Jan 26, 2017, John H Clark (EVP & Chief Technology Officer) sold 5,915 shares at 30.27 per share price.On Jan 19, 2017, Todd Swanson (EVP Sales / Marketing / R&D) sold 6,183 shares at 29.27 per share price.On Jan 19, 2017, Robert Stephens (director) sold 3,015 shares at 29.27 per share price.
FINISAR CORP. is a provider of fiber optic subsystems and network test and monitoring systems which enable high-speed data communications over local area networks, or LANs, storage area networks, or SANs, and metropolitan access networks, or MANs. They are focused on the application of digital fiber optics to provide aline of high-performance, reliable, value-added optical subsystems for data networking and storage equipment manufacturers.