Dividend Channel
Market News Video Dividend Detective The Warren Buffetts Next Door Stock message boards
Free Dividend Report - Top Ranked Stocks


Thu, Apr 18, 8:17 AM, Zacks
Will Solid E-commerce Growth Boost UPS' Earnings in Q1?
High capital expenditures might hurt UPS Q1 earnings. However, solid e-commerce growth and a strong segmental performance are likely to boost results.

Wed, Apr 17, 5:55 AM, Zacks
CSX Q1 Earnings & Revenues Surpass Estimates, Shares Gain
CSX posts better-than-expected results in the first quarter of 2019 on the back of merchandise volume expansion, pricing gains and lower costs.

Featured MNV Articles:

Interesting FNSR Put Options For September 7th
Thursday, July 26, 1:01 PM ET, by Market News Video Staff

Investors in Finisar Corp (FNSR) saw new options become available today, for the September 7th ...

September 14th Options Now Available For Finisar Corp
Thursday, August 2, 11:41 AM ET, by Market News Video Staff

Investors in Finisar Corp (FNSR) saw new options become available today, for the September 14th ...

Finisar Stock Sees Short Interest Drop 19.4%
Friday, August 10, 1:38 PM ET, by Market News Video Staff

The most recent short interest data has been released for the 07/31/2018 settlement date, which ...

Notable Thursday Option Activity: IAC, FNSR, IMKTA
Thursday, August 23, 3:19 PM ET, by Market News Video Staff

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...

Notable Friday Option Activity: FNSR, OPK, LEN
Friday, September 7, 4:12 PM ET, by Market News Video Staff

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...

Finisar Reaches Analyst Target Price

By Dividend Channel Staff, Monday, April 15, 8:24 AM ET
Play Video: The Importance of ETFs

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

In recent trading, shares of Finisar Corp (NASDAQ:FNSR) have crossed above the average analyst 12-month target price of $24.19, changing hands for $24.34/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.

There are 8 different analyst targets contributing to that average for Finisar Corp, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $20.00. And then on the other side of the spectrum one analyst has a target as high as $26.00. The standard deviation is $1.962.

But the whole reason to look at the average FNSR price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with FNSR crossing above that average target price of $24.19/share, investors in FNSR have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $24.19 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Finisar Corp:

Recent FNSR Analyst Ratings Breakdown
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 1 1 1 1
Buy ratings: 0 0 0 0
Hold ratings: 7 7 8 9
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 2.75 2.75 2.78 2.8

The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on FNSR — FREE.

This Article's Word Cloud:   Analyst   Average   Below   Breakdown   Broker   Corp   Current   FNSR   FREE   Finisar   Hold   Investment   Month   Picks   Quandl   Ratings   Recent   Research   Sell   Start   Strong   There   This   When   Zacks   about   above   analyst   analysts   average   company   have   higher   just   looking   mdash   price   raquo   rating   ratings   share   stock   table   target   targets   that   time   valuation   where   with

Finisar Reaches Analyst Target Price | www.DividendChannel.com | Copyright © 2010 - 2019, All Rights Reserved

Nothing in Dividend Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Dividend Channel; Meet Our Editorial Staff.