Finisar Co. (NASDAQ:FNSR) has earned a consensus rating of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $23.50.
A number of analysts have recently commented on FNSR shares. Zacks Investment Research upgraded Finisar from a “sell” rating to a “hold” rating and set a $26.00 target price on the stock in a research note on Monday, September 23rd. MKM Partners reduced their price target on Finisar from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, BidaskClub cut Finisar from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th.
NASDAQ FNSR opened at $23.77 on Tuesday. The stock has a 50-day simple moving average of $22.77 and a two-hundred day simple moving average of $22.80. The firm has a market capitalization of $2.86 billion, a P/E ratio of 40.29, a PEG ratio of 4.19 and a beta of 1.52. Finisar has a fifty-two week low of $15.81 and a fifty-two week high of $25.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 5.38 and a current ratio of 6.84.
Finisar Corporation provides components and subsystems to networking equipment manufacturers, data center operators, telecom service providers, consumer electronics, and automotive companies in the United States, China, Malaysia, and internationally. 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 wireline networks comprising switches, routers, and servers, as well as wireless networks, such as antennas and base stations.
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