In today’s session Finisar Corporation (FNSR) registered an unusually high (112) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious FNSR increase. With 112 contracts traded and 14524 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: FNSR170120C00032000 closed last at: $2.85 or 3.4% down. About 161,574 shares traded hands. Finisar Corporation (NASDAQ:FNSR) has risen 97.50% since April 26, 2016 and is uptrending. It has outperformed by 92.24% the S&P500.
Analysts await Finisar Corporation (NASDAQ:FNSR) to report earnings on December, 8 after the close. They expect $0.38 EPS, up 123.53% or $0.21 from last year’s $0.17 per share. FNSR’s profit will be $43.46M for 22.61 P/E if the $0.38 EPS becomes a reality. After $0.27 actual EPS reported by Finisar Corporation for the previous quarter, Wall Street now forecasts 40.74% EPS growth.
Finisar Corporation (NASDAQ:FNSR) Ratings Coverage
Out of 13 analysts covering Finisar Corporation (NASDAQ:FNSR), 9 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 69% are positive. Finisar Corporation has been the topic of 32 analyst reports since August 18, 2015 according to StockzIntelligence Inc. M Partners upgraded Finisar Corporation (NASDAQ:FNSR) on Friday, September 9 to “Buy” rating. The company was maintained on Friday, June 17 by Needham. The rating was maintained by Needham on Tuesday, September 6 with “Buy”. On Friday, June 17 the stock rating was maintained by Barclays Capital with “Equalweight”. Barclays Capital downgraded the stock to “Equal-Weight” rating in Friday, January 8 report. The stock of Finisar Corporation (NASDAQ:FNSR) earned “Neutral” rating by M Partners on Friday, June 17. The rating was upgraded by William Blair to “Outperform” on Friday, September 9. The rating was initiated by Northland Capital on Tuesday, August 18 with “Market Perform”. The stock of Finisar Corporation (NASDAQ:FNSR) earned “Equal Weight” rating by Barclays Capital on Friday, September 9. The rating was upgraded by Goldman Sachs on Tuesday, October 11 to “Buy”.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.7 in 2016 Q2. Its up 0.16, from 1.54 in 2016Q1. The ratio increased, as 22 funds sold all Finisar Corporation shares owned while 46 reduced positions. 32 funds bought stakes while 73 increased positions. They now own 99.67 million shares or 1.76% more from 97.95 million shares in 2016Q1.
Bridgeway Capital last reported 0.04% of its portfolio in the stock. First Advisors L P, a Illinois-based fund reported 32,269 shares. Maplelane Cap Limited Co holds 0.44% or 594,419 shares in its portfolio. Voya Inv Limited Liability Company accumulated 0% or 45,616 shares. The Ohio-based Strs Ohio has invested 0% in Finisar Corporation (NASDAQ:FNSR). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 2,708 shares in its portfolio. Chicago Equity Ptnrs Ltd Liability accumulated 0.01% or 17,730 shares. Engineers Gate Manager L P accumulated 149,516 shares or 0.19% of the stock. Moreover, Employees Retirement Of Texas has 0.02% invested in Finisar Corporation (NASDAQ:FNSR) for 81,000 shares. New York State Common Retirement Fund holds 0% or 110,100 shares in its portfolio. Wetherby Asset Mngmt owns 16,760 shares or 0.06% of their US portfolio. Moreover, Alliancebernstein Lp has 0.12% invested in Finisar Corporation (NASDAQ:FNSR) for 7.98 million shares. Group One Trading Limited Partnership holds 5,181 shares or 0% of its portfolio. Principal Financial Group holds 0% of its portfolio in Finisar Corporation (NASDAQ:FNSR) for 14,370 shares. Morgan Stanley holds 0.01% of its portfolio in Finisar Corporation (NASDAQ:FNSR) for 1.13 million shares.
Insider Transactions: Since July 21, 2016, the stock had 0 insider buys, and 25 insider sales for $8.84 million net activity. Shares for $128,813 were sold by Young Joseph A. 6,183 shares were sold by Swanson Todd, worth $191,641 on Tuesday, November 15. $412,020 worth of Finisar Corporation (NASDAQ:FNSR) was sold by Brown Christopher. CLARK JOHN H sold $467,254 worth of Finisar Corporation (NASDAQ:FNSR) on Tuesday, September 13. The insider Colyar Mark sold $813,919. 178 shares with value of $3,560 were sold by Eng Julie Sheridan on Monday, August 15. 30,000 Finisar Corporation (NASDAQ:FNSR) shares with value of $857,532 were sold by RAWLS JERRY S.
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 $3.93 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 67.57 P/E ratio.
FNSR Company Profile
Finisar Corporation (Finisar), incorporated on October 1, 1999, is a well-known provider of optical subsystems and components that are used in data communication and telecommunication applications. 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, as well as the antennas and base stations used in wireless networks. These products rely on the use of semiconductor lasers and photodetectors in conjunction with integrated circuits and optoelectronic packaging to provide a means for transmitting and receiving digital signals over fiber optic cable at speeds ranging from less than one gigabit per second (Gbps), to more than 100 Gbps, over distances of less than 10 meters to more than 2,000 kilometers, using a range of network protocols and physical configurations.
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