Finisar (FNSR) Reaches $18.30 Yearly Low; Quicklogic (QUIK) Has 1 Sentiment

November 15, 2017 - By Nellie Frank

The stock of Finisar Corporation (NASDAQ:FNSR) hit a new 52-week low and has $17.39 target or 5.00% below today’s $18.30 share price. The 6 months bearish chart indicates high risk for the $2.08 billion company. The 1-year low was reported on Nov, 15 by Barchart.com. If the $17.39 price target is reached, the company will be worth $104.00 million less. About 599,146 shares traded. Finisar Corporation (NASDAQ:FNSR) has risen 53.92% since November 15, 2016 and is uptrending. It has outperformed by 37.22% the S&P500.

QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The company has market cap of $120.27 million. The Company’s solutions primarily target smartphones, wearable devices, tablets, and the Internet-of-Things . It currently has negative earnings. The Firm is a fabless semiconductor well-known provider of flexible sensor processing solutions, ultra-low power display bridges, and ultra-low power Field Programmable Gate Arrays (FPGAs).

Analysts await Finisar Corporation (NASDAQ:FNSR) to report earnings on December, 14. They expect $0.20 earnings per share, down 60.00% or $0.30 from last year’s $0.5 per share. FNSR’s profit will be $22.73 million for 22.88 P/E if the $0.20 EPS becomes a reality. After $0.28 actual earnings per share reported by Finisar Corporation for the previous quarter, Wall Street now forecasts -28.57% negative EPS growth.

Finisar Corporation is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The company has market cap of $2.08 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 8.59 P/E ratio.

Investors sentiment decreased to 1.23 in 2017 Q2. Its down 0.27, from 1.5 in 2017Q1. It is negative, as 48 investors sold Finisar Corporation shares while 67 reduced holdings. 57 funds opened positions while 84 raised stakes. 94.89 million shares or 13.11% less from 109.21 million shares in 2017Q1 were reported. Prudential Fincl stated it has 12,065 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Finisar Corporation (NASDAQ:FNSR). Quantitative Systematic Strategies stated it has 7,714 shares. Us Bankshares De holds 0% of its portfolio in Finisar Corporation (NASDAQ:FNSR) for 4,816 shares. Legal & General Gru Public Ltd stated it has 42,332 shares. Point72 Asia (Hong Kong) Limited, Hong Kong-based fund reported 1,346 shares. Ameriprise Financial holds 0.01% of its portfolio in Finisar Corporation (NASDAQ:FNSR) for 437,142 shares. Tocqueville Asset Lp invested in 128,125 shares. Manufacturers Life The reported 177,404 shares or 0.01% of all its holdings. Gradient Invs Limited Liability Corporation invested in 0.02% or 11,696 shares. Lazard Asset Mgmt Ltd Liability reported 0% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Brown Brothers Harriman And holds 0% in Finisar Corporation (NASDAQ:FNSR) or 283 shares. Icon Advisers reported 23,000 shares or 0.04% of all its holdings. Jennison Associates Lc holds 12,409 shares. White Pine Llc holds 36,940 shares or 0.38% of its portfolio.

Since June 6, 2017, it had 0 insider buys, and 3 selling transactions for $417,135 activity. 3,015 shares valued at $83,365 were sold by Stephens Robert on Friday, June 16. Shares for $170,960 were sold by Swanson Todd on Friday, June 16.

Among 15 analysts covering Finisar Corporation (NASDAQ:FNSR), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Finisar Corporation had 59 analyst reports since August 18, 2015 according to SRatingsIntel. On Friday, September 11 the stock rating was maintained by Needham with “Buy”. The stock has “Buy” rating by M Partners on Friday, September 9. Jefferies maintained it with “Hold” rating and $19 target in Friday, June 17 report. Barclays Capital maintained the shares of FNSR in report on Friday, June 17 with “Equalweight” rating. Piper Jaffray maintained it with “Buy” rating and $3200 target in Tuesday, June 13 report. Stifel Nicolaus maintained the shares of FNSR in report on Wednesday, August 23 with “Buy” rating. On Friday, January 8 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. The stock of Finisar Corporation (NASDAQ:FNSR) earned “Market Perform” rating by Northland Capital on Tuesday, August 18. Barclays Capital maintained Finisar Corporation (NASDAQ:FNSR) on Friday, September 8 with “Equal-Weight” rating. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, September 6.

Firsthand Capital Management Inc. holds 1.52% of its portfolio in QuickLogic Corporation for 1.03 million shares. Adirondack Research & Management Inc. owns 279,300 shares or 0.16% of their US portfolio. Moreover, Frontier Capital Management Co Llc has 0.07% invested in the company for 6.77 million shares. The California-based Malaga Cove Capital Llc has invested 0.05% in the stock. First Mercantile Trust Co, a Tennessee-based fund reported 64,173 shares.

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