Finisar (FNSR) Given New $28.00 Price Target at Piper Jaffray Companies

Finisar Corporation logo Finisar (NASDAQ:FNSR) had its price objective increased by Piper Jaffray Companies from $22.00 to $28.00 in a report released on Wednesday. Other analysts have also issued research reports about the company. B. Riley reaffirmed a buy rating and issued a $38.00 target …

Finisar Corporation logoFinisar (NASDAQ:FNSR) had its price objective increased by Piper Jaffray Companies from $22.00 to $28.00 in a report released on Wednesday.

Other analysts have also issued research reports about the company. B. Riley reaffirmed a buy rating and issued a $38.00 target price on shares of Finisar in a report on Wednesday, September 6th. Barclays reaffirmed a hold rating and issued a $18.00 target price on shares of Finisar in a report on Wednesday. Jefferies Group reaffirmed a buy rating and issued a $28.50 target price (down previously from $34.00) on shares of Finisar in a report on Friday, September 8th. Raymond James Financial set a $22.00 target price on Finisar and gave the company a buy rating in a report on Thursday, December 7th. Finally, DA Davidson reaffirmed a buy rating and issued a $30.00 target price on shares of Finisar in a report on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $27.82.

Finisar (NASDAQ:FNSR) traded up $4.40 on Wednesday, reaching $23.70. The company’s stock had a trading volume of 46,874,800 shares, compared to its average volume of 3,626,595. The firm has a market cap of $2,200.67, a price-to-earnings ratio of 15.08, a P/E/G ratio of 1.87 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 7.81 and a quick ratio of 6.31. Finisar has a 12-month low of $17.20 and a 12-month high of $36.41.

Finisar (NASDAQ:FNSR) last released its earnings results on Thursday, December 7th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The firm had revenue of $332.21 million for the quarter, compared to analyst estimates of $331.69 million. Finisar had a return on equity of 9.51% and a net margin of 14.33%. equities research analysts expect that Finisar will post 0.74 EPS for the current year.

In related news, Chairman Jerry S. Rawls sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $22.89, for a total value of $457,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Roger C. Ferguson sold 2,726 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $21.46, for a total value of $58,499.96. Following the completion of the sale, the director now directly owns 44,034 shares in the company, valued at approximately $944,969.64. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in FNSR. Capital Research Global Investors raised its position in Finisar by 2.7% in the 2nd quarter. Capital Research Global Investors now owns 13,651,050 shares of the technology company’s stock valued at $354,654,000 after purchasing an additional 359,709 shares during the last quarter. Vanguard Group Inc. raised its position in Finisar by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,908,237 shares of the technology company’s stock valued at $231,435,000 after purchasing an additional 208,692 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Finisar by 10.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,832,951 shares of the technology company’s stock valued at $107,146,000 after purchasing an additional 471,882 shares during the last quarter. Northern Trust Corp raised its position in Finisar by 3.8% in the 2nd quarter. Northern Trust Corp now owns 2,907,058 shares of the technology company’s stock valued at $75,525,000 after purchasing an additional 107,680 shares during the last quarter. Finally, State Street Corp raised its position in Finisar by 5.9% in the 2nd quarter. State Street Corp now owns 2,199,440 shares of the technology company’s stock valued at $57,141,000 after purchasing an additional 121,724 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

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Finisar Company 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.

Analyst Recommendations for Finisar (NASDAQ:FNSR)

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Jabil (JBL) Downgraded by ValuEngine to “Buy”

Jabil Inc logo ValuEngine lowered shares of Jabil (NYSE:JBL) from a strong-buy rating to a buy rating in a research note released on Monday, December 4th. A number of other analysts have also issued reports on JBL. Needham & Company LLC reissued a buy rating and issued a $37.00 price target …

Jabil Inc logoValuEngine lowered shares of Jabil (NYSE:JBL) from a strong-buy rating to a buy rating in a research note released on Monday, December 4th.

A number of other analysts have also issued reports on JBL. Needham & Company LLC reissued a buy rating and issued a $37.00 price target on shares of Jabil in a research note on Wednesday, September 27th. Stifel Nicolaus reiterated a hold rating and set a $30.00 target price on shares of Jabil in a report on Thursday, September 28th. Zacks Investment Research upgraded Jabil from a hold rating to a strong-buy rating and set a $34.00 target price on the stock in a report on Monday, October 2nd. BidaskClub downgraded Jabil from a buy rating to a hold rating in a report on Saturday, August 12th. Finally, J P Morgan Chase & Co reiterated a buy rating and set a $40.00 target price on shares of Jabil in a report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Jabil presently has a consensus rating of Hold and a consensus target price of $30.50.

Shares of Jabil (JBL) traded up $0.11 on Monday, reaching $28.53. The company had a trading volume of 3,269,000 shares, compared to its average volume of 1,913,468. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.54. The firm has a market capitalization of $5,020.20, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 1.07 and a beta of 0.55. Jabil has a 52-week low of $21.42 and a 52-week high of $31.70.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, September 27th. The technology company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Jabil had a return on equity of 14.47% and a net margin of 0.68%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 earnings per share. equities research analysts predict that Jabil will post 2.22 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were given a $0.08 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.12%. Jabil’s payout ratio is 46.38%.

In related news, COO William D. Muir, Jr. sold 26,420 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $28.00, for a total transaction of $739,760.00. Following the completion of the transaction, the chief operating officer now owns 341,840 shares in the company, valued at approximately $9,571,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark T. Mondello sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $29.02, for a total value of $870,600.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,680 shares of company stock valued at $4,204,246. Insiders own 2.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC grew its holdings in shares of Jabil by 142.6% during the second quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock valued at $159,000 after buying an additional 211 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Jabil by 68.2% during the second quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock valued at $168,000 after buying an additional 2,337 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Jabil by 9.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock valued at $177,000 after buying an additional 547 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Jabil during the second quarter valued at $206,000. Finally, Bridgewater Associates LP purchased a new position in shares of Jabil during the second quarter valued at $219,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

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Jabil Company Profile

Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Jabil (NYSE:JBL)

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Swings Appear on Volume Interest: Broadcom Limited (AVGO)

Broadcom Limited (AVGO) closed at price of $262.03 after 2.69 million shares traded at hands. The average volume was noted at 3.22 million shares while its relative volume was seen at 0.84. AVGO delivered a increase of 1.29% return at the end of last trading. This augmented return is good signal for …

Broadcom Limited (AVGO) closed at price of $262.03 after 2.69 million shares traded at hands. The average volume was noted at 3.22 million shares while its relative volume was seen at 0.84. AVGO delivered a increase of 1.29% return at the end of last trading. This augmented return is good signal for investors. The stock price volatility prevailed at 2.81% in recent month and negotiated volatility at 2.67% for the week. The share price yielded a positive 51.19% lead over its 52-week low and communicated declining move of -8.28% over its 52-week high. Broadcom Limited (AVGO) is a part of Technology sector and belongs to Semiconductor – Broad Line industry. Currently the stock RSI value stays around 46.65. The relative strength index (RSI) reflected overbought area when it is above 70 and notifies oversold level when it is below 30. The short ratio of stock is 1.09.

Now we move forward to observe the past performance. The stock is currently showing unhealthy performance of -0.70% throughout last week and witnessed bearish performance of -1.12% in one month period. The stock price mounted 6.11% in three months and raised 10.10% for the last six months trading period. AVGO indicated a yearly jumping performance of 46.03% while year-to-date (YTD) performance printed 48.23% escalated outlook.

For this relative risk measurement, the stock has beta value of 1.06. A stock with a beta less than 1 is considered less volatile than the market; more than 1 means more volatile. The company has analyst rating of 1.70 on scale of 1-5. In the profitability analysis, the company has gross profit margin of 49.20% while net profit margin was at -1.50%. The stock has 407.98 million shares outstanding and Average True Range for 14 days of 8.11. The company has 6.32 value in price to sale ratio while price to book ratio was recorded as 5.39.

Broadcom Limited (AVGO) price traded at a gap of -2.89% from an average price of last twenty days and stands at a distance of 0.80% away from it’s an average price of recent fifty days. Take a look at most well known 200-day moving average which averages prices over the past 200 days. The 200-day moving average is the standby for long-term investors. At present time the stock is moving 8.06% away to its 200-day moving average. The most commonly used moving averages are: the 20-day moving average (because a month contains roughly 20 trading days), 50-day moving average (roughly 3 months) and 200-day moving average (often used by long term traders). It’s worth customizing moving averages for particular markets or even individual securities. Moving averages can be used to determine support and resistance levels – it may be hard for the price to cross the moving average. It can also be used to determine the trend – the price of a security in a downtrend will be below its moving average and the price of a security in an uptrend, above it.

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Infosys Limited (NYSE:INFY) – P/E and PEG Value Under Consideration

Shares of Infosys Limited (NYSE:INFY) are currently trading at $15.94, experiencing a change of 0.28% with 1,168,303 shares trading hands. The stock holds an average trading capacity of 4.70M shares for the past three months. When we compare its current volume with average for the same time of …

Shares of Infosys Limited (NYSE:INFY) are currently trading at $15.94, experiencing a change of 0.28% with 1,168,303 shares trading hands. The stock holds an average trading capacity of 4.70M shares for the past three months. When we compare its current volume with average for the same time of day, a Relative Volume (usually displayed as ratio) of 1.28 is obtained. It is kind of a like a radar for how “in-play” a stock is. The higher the relative volume is the more in play it is because more traders are watching and trading it. This is something that Investors should look for in all the stocks they are trading and is an important indicator to keep tabs on.

Is The Stock Safe to Invest? (Market Capitalization Analysis):

Now investors want to know the actual market worth of the company in the Stock Market. Market worth or Market capitalization is calculated by multiplying the price of a stock by its total number of outstanding shares. As a company has 2.24B shares outstanding and its current share price is $15.94, the market cap is $35.67B. From a safety point of view, a company’s size and market value do matter. All things being equal, large cap stocks are considered safer than small cap stocks. However, small cap stocks have greater potential for growth.

Although market capitalization is key to consider, don’t invest (or not invest) based solely on it. It’s just one measure of value. As a serious shareholder, you need to look at plentiful factors that can assist you determine whether any given stock is a good investment.

Is The Stock A Good Investment? (P/E Analysis):

Price-earnings ratio, also known as P/E ratio, is a tool that is used by shareholders to help decide whether they should buy a stock. Basically, the P/E ratio tells potential shareholders how much they have to pay for every $1 of earnings. The formula for calculating the price-earnings ratio for any stock is simple: the market value per share divided by the earnings per share (EPS). This is represented as the equation (P/EPS), where P is the market price and EPS is the earnings per share. As the current market price of the stock is $15.94 and diluted EPS for the trailing twelve month is 0.98, the P/E ratio for the stock comes out as 16.15.

Generally, shareholders love stocks with a low price-to-earnings (P/E) ratio. The perception is that the lower the P/E, the higher will be the value of the stock. The simple logic that a stock’s current market price does not justify (is not equivalent to) its higher earnings and therefore has room to run is behind shareholders’ inclination toward low P/E stocks.

Price/Earnings to Growth – PEG Ratio Analysis:

The price/earnings to growth ratio (PEG ratio) is a stock’s price-to-earnings (P/E) ratio divided by the growth rate of its earnings for a specified time period. For now, the company has PEG ratio of 1.73. The PEG ratio is used to determine a stock’s value while taking the company’s earnings growth into account, and is considered to provide a more complete picture than the P/E ratio.

Despite the fact that a low P/E ratio may make a stock look like a good buy, factoring in the company’s growth rate to get the stock’s PEG ratio can tell a different story. The lower the PEG ratio, the more the stock may be undervalued given its earnings performance. The degree to which a PEG ratio value indicates an over or underpriced stock varies by industry and by company type; though a broad rule of thumb is that a PEG ratio below one is desirable. Also, the accuracy of the PEG ratio depends on the inputs used. Using historical growth rates, for example, may provide an inaccurate PEG ratio if future growth rates are predictable to deviate from historical growth rates. To distinguish between calculation methods using future growth and historical growth, the terms “forward PEG” and “trailing PEG” are sometimes used.

Stock’s Liquidity Analysis:

Presently, 18.20% shares of Infosys Limited (NYSE:INFY) are owned by insiders with 0.00% six-month change in the insider ownership. The insider filler data counts the number of monthly positions over 3 month and 12 month time spans. Short-term as well long term shareholders always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 3.70 as current ratio and on the opponent side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 0.00.

Brief Overview on Stock’s Performances:

The stock showed weekly performance of 2.12%, which was maintained for the month at 7.36%. Likewise, the performance for the quarter was recorded as 9.21% and for the year was 6.15%. Analysts’ mean recommendation for the stock is 2.80 (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range).

Disclaimer: Any news, report, research and analysis published on Nasdaqjournal.com are only for information purposes.Nasdaq Journal (NJ) makes sure to keep the information up to date and correct, but we didn’t suggest or recommend buying or selling of any financial instrument, unless that information is subsequently confirmed on your own.Information in this release is fact checked and produced by competent editors of Nasdaq Journal; however, human error can exist.

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Black Stone Minerals, LP (NYSE:BSM) Vs. Regal Entertainment Group (NYSE:RGC) Delving into …

Investors who took positions in shares of Black Stone Minerals, L.P. (NYSE:BSM) are riding high as the stock has performed solidly over the past few months, marking a 6.34% increase for the quarter. Drilling down, the stock is 3.25% for the past month and 1.86% for the week. Despite the tumultous …

Investors who took positions in shares of Black Stone Minerals, L.P. (NYSE:BSM) are riding high as the stock has performed solidly over the past few months, marking a 6.34% increase for the quarter. Drilling down, the stock is 3.25% for the past month and 1.86% for the week. Despite the tumultous week, investors holding steadfast look to continue to see near-term gains despite the global uncertainty.

Session Update

At the session level, shares of Black Stone Minerals, L.P. (NYSE:BSM) moved -0.77% from the open. The most recent bid on the stock was registered at $17.97. Further, company shares have been seen trading -9.52% off of the 52 week high and 18.85% away from the 52 week low. Narrowing in further, the stock has been recently noted at -3.23% away from the 50 day high and 7.54% separated from the 50 day low.

Analyst Views

Wall Street firms hire hundreds of analysts who provide recommendations on stocks. Typically, these analysts look at a company’s fundamentals, building financial models from this information in order to project future trends, specifically future earnings. These projections are then used as a basis for providing “buy” or “sell” recommendations. Many investors consider these recommendations very seriously, and often times whenever an analyst changes their outlook on a stock, the price change almost immediately.

Wall Street brokerage firms that regularly cover the stock have provided price targets and recommendations on Black Stone Minerals, L.P. (NYSE:BSM). According to First Call, the consensus price target for the company is $19.80. The consensus recommendation provided by analysts is currently 2.00. This number is based on a scale from 1 to 5. Analysts rating the company a 1 or 2 indicate a Buy recommendation. Analysts rating the company a 4 or 5 indicate a Sell recommendation. Analysts rating the company a 3 indicate a Hold recommendation.

Shares of Regal Entertainment Group (NYSE:RGC) have climbed in the previous month. During that time period, shares are up 45.44% which has provided some nice profits for investors who may be looking to take advantage of the recent gains. Focusing in on the past five trading days, shares have changed 0.93%. Year-to-date, the stock has performed 10.63%.

Street analysts have given views on company stock . According to data from First Call, Regal Entertainment Group (NYSE:RGC) has a consensus recommendation of 2.60. This recommendation falls on a scale from 1 to 5 where a 1 or 2 indicates a Buy recommendation, 3 a Hold and 4-5 a Sell. Analysts monitor the topsy-turvy day-to-day movement of equities and are able to provide an unbiased assessment of the “state of the stock”.

Analyst Views

Wall Street firms hire hundreds of analysts who provide recommendations on stocks. Typically, these analysts look at a company’s fundamentals, building financial models from this information in order to project future trends, specifically future earnings. These projections are then used as a basis for providing “buy” or “sell” recommendations. Many investors consider these recommendations very seriously, and often times whenever an analyst changes their outlook on a stock, the price change almost immediately.

Wall Street brokerage firms that regularly cover the stock have provided price targets and recommendations on Regal Entertainment Group (NYSE:RGC). According to First Call, the consensus price target for the company is $22.21. The consensus recommendation provided by analysts is currently 2.60. This number is based on a scale from 1 to 5. Analysts rating the company a 1 or 2 indicate a Buy recommendation. Analysts rating the company a 4 or 5 indicate a Sell recommendation. Analysts rating the company a 3 indicate a Hold recommendation.

Session Update

At the session level, shares of Regal Entertainment Group (NYSE:RGC) moved 0.26% from the open. The most recent bid on the stock was registered at $22.82. Further, company shares have been seen trading -3.14% off of the 52 week high and 64.17% away from the 52 week low. Narrowing in further, the stock has been recently noted at 0.00% away from the 50 day high and 54.29% separated from the 50 day low. Investors will keep close watch to see if the stock breaks through a resistance point for another bull run, or if the stock might enter into overbought territory and be ripe for a regression or pullback.