(FNSR) Announces Earnings Results, Misses Estimates By $0.03 EPS

Finisar (NASDAQ:FNSR) last released its quarterly earnings data on Thursday, March 9th. In the last three months, insiders sold 106,238 shares of company stock worth $3,592,522.

Finisar Co. (NASDAQ:FNSR) saw a large increase in short interest in February. The firm's 50-day moving average price is $32.24 and its 200-day moving average price is $29.88. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. Numeric Investors LLC increased its stake in shares of Finisar by 454.0% in the fourth quarter.

Cara Therapeutics, Inc. (NASDAQ:CARA) reported a net loss of $22.0 million, or $0.81 per basic and diluted share, for the fourth quarter of 2016 compared to a net loss of $9.5 million, or $0.35 per basic and diluted share, for the same period of 2015. This insider holds 232,884 shares with a market value around $8127651.6 as of recent close. The company issued revenue guidance of $360-380 million, compared to the consensus revenue estimate of $393.09 million. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. "Furthermore, we expect growth in fiscal 2018 to be driven by continued demand for 100G QSFP28, CFP2-ACO, ROADM business in China and North America, and a meaningful ramp-up of VCSEL lasers for 3-D sensing applications starting in the second half of this calendar year". The correct version of this report can be accessed at https://baseballnewssource.com/markets/finisar-co-fnsr-announces-earnings-results-misses-estimates-by-0-03-eps/494837.html. "Based on this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold. The relative volume (ratio between current volume and 3-month average) is presently sitting at 0.63. Also, Director Roger C. Ferguson sold 5,709 shares of Finisar Corporation stock in a transaction that occurred on Thursday, December 22nd.

Let's also take a brief look at the stock price in relation to some highs/lows and moving averages. Amalgamated Bank now owns 11,740 shares of the company's stock worth $225,000 after buying an additional 580 shares in the last quarter. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

The Company ended its last session at $34.9 by Surging 1.6%. Institutional investors own 91.70% of the company's stock. The disclosure for this sale can be found here. Year to Date (YTD) performance of Finisar Corp. 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.

  • Wendy Palmer