$0.09 EPS Expected for Finisar Corporation (FNSR)

November 11, 2018 - By Christine McCrea

Finisar Corporation (NASDAQ:FNSR) LogoInvestors sentiment decreased to 1.17 in Q2 2018. Its down 0.20, from 1.37 in 2018Q1. It dropped, 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.
Phocas Financial Corp stated it has 0.41% in Finisar Corporation (NASDAQ:FNSR). Hudock Cap Gru has 0.01% invested in Finisar Corporation (NASDAQ:FNSR). Legal General Grp Incorporated Public Limited Company has 0% invested in Finisar Corporation (NASDAQ:FNSR) for 250,247 shares. Mutual Of America Cap Mgmt stated it has 96,931 shares. Guggenheim Cap Limited Co accumulated 0.05% or 452,615 shares. Thompson Siegel Walmsley Limited Company reported 1.10 million shares. 2.99 million were accumulated by Fmr Limited Com. 22,503 are held by Profund Advsrs Limited Liability. Engineers Gate Manager L P has 0.02% invested in Finisar Corporation (NASDAQ:FNSR) for 11,000 shares. Moreover, Barclays Plc has 0.01% invested in Finisar Corporation (NASDAQ:FNSR) for 691,195 shares. Advisory Services Net Ltd Liability Corporation has invested 0.01% in Finisar Corporation (NASDAQ:FNSR). Moreover, Pitcairn has 0.04% invested in Finisar Corporation (NASDAQ:FNSR). Morgan Stanley reported 0% in Finisar Corporation (NASDAQ:FNSR). State Of Alaska Department Of Revenue holds 0.01% or 37,500 shares. Moreover, Sg Americas Secs Limited Liability Com has 0.05% invested in Finisar Corporation (NASDAQ:FNSR) for 338,414 shares.

Since June 1, 2018, it had 0 buys, and 5 sales for $2.42 million activity. RAWLS JERRY S sold $637,547 worth of Finisar Corporation (NASDAQ:FNSR) on Friday, June 1. Eng Julie Sheridan also sold $237,704 worth of Finisar Corporation (NASDAQ:FNSR) shares.

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 60.53 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 15.41% or $2.91 during the last trading session, reaching $21.79. About 23.74 million shares traded or 795.95% up from the average. Finisar Corporation (NASDAQ:FNSR) has declined 9.60% since November 11, 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. PiperJaffray upgraded it to “Overweight” rating and $26 target in Thursday, August 23 report. As per Tuesday, September 4, the company rating was maintained by FBR Capital. On Thursday, September 13 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. On Wednesday, August 22 the stock rating was downgraded by Raymond James to “Market Perform”. Jefferies maintained Finisar Corporation (NASDAQ:FNSR) on Friday, June 15 with “Buy” rating.

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 $2.55 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.

More notable recent Finisar Corporation (NASDAQ:FNSR) news were published by: Benzinga.com which released: “68 Stocks Moving In Friday’s Mid-Day Session” on November 09, 2018, also Bizjournals.com with their article: “iPhone supplier with major DFW presence acquired for $3.2B” published on November 10, 2018, Nasdaq.com published: “Why Hertz Global Holdings, Revlon, and Finisar Jumped Today” on November 09, 2018. More interesting news about Finisar Corporation (NASDAQ:FNSR) were released by: Nasdaq.com and their article: “Mid-Day Market Update: Dow Down 250 Points; Revlon Shares Jump On Upbeat Earnings” published on November 09, 2018 as well as Streetinsider.com‘s news article titled: “II-VI, Inc. (IIVI) Announces Acquisition of Finisar (FNSR) for Approx. $3.2B in Cash and Shares” with publication date: November 09, 2018.

Finisar Corporation (NASDAQ:FNSR) Institutional Positions Chart

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