Back to top
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Finisar (FNSR) Looks Good: Stock Adds 6.6% in Session
Finisar Corp. was a big mover last session, as its shares rose almost 7% on the day. The surge came following the report of fiscal Q4 revenue and profit that topped expectations and a higher forecast for this quarter as well. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 18.4% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Finisar currently has a Zacks Rank #3 (Hold).
FINISAR CORP Price
FINISAR CORP Price | FINISAR CORP Quote
A better-ranked stock in the fiber optics industry is Oclaro, Inc. which holds a Zacks Rank #2 (Buy).
Is FNSR going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>