Analysts See $0.09 EPS for Finisar Corporation (FNSR)

November 8, 2018 - By Ash Ash

Finisar Corporation (NASDAQ:FNSR) LogoInvestors sentiment decreased to 1.17 in 2018 Q2. Its down 0.20, from 1.37 in 2018Q1. It turned negative, as 40 investors sold Finisar Corporation shares while 50 reduced holdings. 24 funds opened positions while 81 raised stakes. 115.62 million shares or 1.59% more from 113.82 million shares in 2018Q1 were reported.
Canada Pension Plan Investment Board owns 423,870 shares. Great West Life Assurance Company Can holds 0.01% or 148,912 shares in its portfolio. California State Teachers Retirement System holds 175,852 shares or 0.01% of its portfolio. 961,980 were reported by Pinnacle Assocs Ltd. Capital Rech Global invested 0.05% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Kcm Invest Advsrs Ltd Liability reported 10,000 shares stake. Shelton Capital Mgmt holds 0.01% of its portfolio in Finisar Corporation (NASDAQ:FNSR) for 11,402 shares. Vanguard Group Inc Inc holds 0.01% or 11.45 million shares in its portfolio. Thompson Davis And has invested 0.08% in Finisar Corporation (NASDAQ:FNSR). Cornerstone Advisors holds 0% of its portfolio in Finisar Corporation (NASDAQ:FNSR) for 28 shares. 6,041 were reported by Advisory Services Net Ltd Company. Victory Capital reported 0.01% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Barclays Public Limited reported 691,195 shares. Lpl Ltd Liability Co has 41,483 shares for 0% of their portfolio. Riverhead Cap Management Ltd Com reported 12,000 shares or 0.01% of all its holdings.

Since June 1, 2018, it had 0 buys, and 5 insider sales for $2.42 million activity. Eng Julie Sheridan sold $237,704 worth of stock. FERGUSON ROGER C also sold $53,310 worth of Finisar Corporation (NASDAQ:FNSR) on Friday, June 22.

Analysts expect Finisar Corporation (NASDAQ:FNSR) to report $0.09 EPS on December, 6.They anticipate $0.02 EPS change or 18.18 % from last quarter’s $0.11 EPS. FNSR’s profit would be $10.55M giving it 52.44 P/E if the $0.09 EPS is correct. After having $0.07 EPS previously, Finisar Corporation’s analysts see 28.57 % EPS growth. The stock increased 5.30% or $0.95 during the last trading session, reaching $18.88. About 3.04 million shares traded or 32.17% up from the average. Finisar Corporation (NASDAQ:FNSR) has declined 9.60% since November 9, 2017 and is downtrending. It has underperformed by 25.22% the S&P500.

Finisar Corporation (NASDAQ:FNSR) Ratings Coverage

Among 5 analysts covering Finisar Corp (NASDAQ:FNSR), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Finisar Corp had 5 analyst reports since June 15, 2018 according to SRatingsIntel. The firm earned “Overweight” rating on Thursday, August 23 by PiperJaffray. Raymond James downgraded the stock to “Market Perform” rating in Wednesday, August 22 report. Jefferies maintained the stock with “Buy” rating in Friday, June 15 report. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Thursday, September 13. The firm has “Neutral” rating given on Tuesday, September 4 by FBR Capital.

Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications in the United States, China, Malaysia, and internationally. The company has market cap of $2.21 billion. The company's optical subsystems primarily include transmitters, receivers, transceivers, transponders, and active optical cables, which provide the fundamental optical-electrical, or optoelectronic interface for interconnecting the electronic equipment used in networks comprising switches, routers, and servers used in wireline networks, as well as antennas and base stations used in wireless networks. It currently has negative earnings. It also offers wavelength selective switches that are used to switch network traffic from one optical fiber to various other fibers without converting to an electronic signal.

Another recent and important Finisar Corporation (NASDAQ:FNSR) news was published by Seekingalpha.com which published an article titled: “Apple down 7% on soft guidance” on November 01, 2018.

Finisar Corporation (NASDAQ:FNSR) Institutional Positions Chart

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