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Weakness Seen in Finisar (FNSR): Stock Falls 6.8%

Zacks Equity Research

Finisar Corp. (FNSR) saw a big move last session, as the company’s shares fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $19.45 to $20.68 in the past one-month time frame.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

Some better-ranked stocks in the Computer & Technology sector include Analog Devices, Inc. (ADI), Amkor Technology, Inc. (AMKR) and Cirrus Logic Inc. (CRUS). All these stocks carry a Zacks Rank #2 (Buy).

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FINISAR CORP NEW (FNSR): Free Stock Analysis Report

ANALOG DEVICES INC (ADI): Free Stock Analysis Report

AMKOR TECH INC (AMKR): Free Stock Analysis Report

CIRRUS LOGIC INC (CRUS): Free Stock Analysis Report


Zacks Investment Research