Finisar Corporation (FNSR) Surges: Stock Moves 6.3% Higher
Finisar Corporation FNSR was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $14.70–$20.40 in the past one-month time frame, showed a sharp increase yesterday.
The upside was driven after an analyst upgraded the rating of the stock.
The company has seen six negative estimate revisions in the past month, while its Zacks Consensus Estimate has also moved lower over the said time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Finisar currently has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
Finisar Corporation Price
Finisar Corporation Price | Finisar Corporation Quote
A better-ranked stock in the Fiber Optics industry is Ciena Corporation CIEN, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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