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New York: Finisar (NASDAQ:FNSR) Stock Rating Upped to “Buy” by Analysts at Jefferies. Lost Its “Hold” Rating

Jefferies Co Analyst Rating Change Finisar NASDAQ:FNSR

Finisar (NASDAQ:FNSR) Rating Change

Finisar (NASDAQ:FNSR) was raised by Stock research analysts at Jefferies from “Hold” rating to “Buy” rating in analysts note revealed to investors and clients on Wednesday morning.

Despite the stock rating upgrade NASDAQ:FNSR is right now trading 0.00% lower at $25.69 as of 2:01 AM New York time. Finisar shares have [From2] 0% over the past 200 days, while the S&P500 has added 13.17% for the same time period.

According to data compiled by Thomson Reuters, Finisar (NASDAQ:FNSR)’s stock is covered by 10 equity analysts across the Street, with 0 analysts giving it a Sell rating, 5 a Buy rating, while 7 consider it a Hold. The 12-month consensus target price for the stock is $18.65, which reflects an downside potential of 27.40% over the current price.

Institutional Ownership

Ao Asset Management Llc had the largest stake with ownership of 1.31M shares as of Q2 2015 for 10.58% of the stocks portfolio. Kopp Investment Advisors Llc is another very bullish fund who is possessing 200,161 shares of Finisar or 5.9% of their stocks portfolio. Further, Hood River Capital Management Llc have 2.24% of their stocks portfolio invested in the company for 731,944 shares. The New York-based fund Paradigm Capital Management Inc Ny disclosed it had acquired so far a stake worth about 1.6% of the fund’s stock portfolio in Finisar. The Massachusetts-based fund Bogle Investment Management L P De is also positive about the stock, possessing 512,325 shares or 1% of their stocks portfolio.

Finisar (NASDAQ:FNSR) Profile

Finisar Corporation (Finisar) is a 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. 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.

Finisar (NASDAQ:FNSR) closed at $25.69 yesterday. A total of 21,199 shares of the company’s stock traded hands. This is down from average of 4.44M shares. Finisar has a 52 week low of $15.21 and a 52 week high of $36.85. The company has a market cap of $2.75B and a P/E ratio of 21.97.

Get the latest Finisar (NASDAQ:FNSR) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post New York: Finisar (NASDAQ:FNSR) Stock Rating Upped to “Buy” by Analysts at Jefferies. Lost Its “Hold” Rating appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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New York: Finisar (NASDAQ:FNSR) Stock Rating Upped to “Buy” by Analysts at Jefferies. Lost Its “Hold” Rating


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