Opening Bell Momentum Stocks: FNSR (NASDAQ:FNSR)


Finisar (NASDAQ:FNSR): Stock is holding a tight upside range of 26.52 to an early high of 26.80. Thus far, the 26.70 mark and higher has set up as a consistent ceiling level for traders to watch.

About 1.84M shares traded hands or 2.22% up from the average. Finisar Corporation (NASDAQ:FNSR) has risen 102.03% since February 8, 2016 and is uptrending. It has outperformed by 85.54% the S&P500.

Finisar Corporation is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The company has a market cap of $3.04 billion. The Company’s optical subsystems consist of transmitters, receivers, transceivers, transponders and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in these networks, including the switches, routers, and servers used in wireline networks. It has a 52.94 P/E ratio.

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