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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
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