Finisar Corporation (FNSR)

[Kirk]

Funny Stifel Nicolaus upgraded their FNSR target to $41 when it is just below $40...

Finisar Target Price Changed by Stifel Nicolaus’s Analysts – NASDAQ:FNSR
Tuesday, February 8th, 2011

Finisar Corporation (NASDAQ:FNSR) recently achieved its fifty two week high price for the second consecutive day on February 7, 2011. Equities research analysts at Stifel Nicolaus reiterated FNSR by raising their price target on shares of FNSR to $41 in a research note to investors on February 4, 2011.

FNSR after opening at $38.80 hit record 52 week high price of $40.75 and then closed at $38.93 by scoring -0.10%. It traded 4.06 million shares which were more than average volume of 3.03 million shares.

FNSR generated revenue of 804.25 million in the following twelve months and earned $72.93 million. The Company showed a positive 9.07% in the net profit margin and as well as in its operating margin which remained 10.19%. Company’s annual sales growth for the past five year was 17.53%.

The FNSR past twelve months price to sales ratio was 3.91 and price to cash ratio remained 17.01. As far as the returns are concern, the FNSR return on equity was recorded as 24.13% and dropped 17.16% return on investment while its return on asset stayed at 12.96%.

The stock showed weekly upbeat performance of 16.91% which was maintained for the month at 20.71%. Likewise the positive performance for the quarter was recorded as 101.81% and for the year was 287.75% while the YTD performance remained at 31.12%.

The liquidity measure in recent quarter results of the company was recorded 3.87 as current ratio and on the other side the debt to equity ratio was 0.28 and long-term debt to equity ratio also remained 0.27. The Company had total cash at hand $184.93 million and a book value per share as $5.50 in the most recent quarter.

The stock price volatility was 4.33% for a week and 4.98%

http://techweek.org/32601finisar-target-price-changed-by-stifel-nicolauss-analysts-nasdaqfnsr.html

 
 Day        Date       Open       High        Low      Close      Volume 
 === =========== ========== ========== ========== ========== =========== 
 Tue 08-Feb-2011    39.1500    39.2100    38.1700    38.9500     2183308 
 Mon 07-Feb-2011    38.8000    40.7500    38.4000    38.9300     4058809 
 Fri 04-Feb-2011    38.6300    39.9000    37.4700    38.9700     7295621 
 Thu 03-Feb-2011    34.4800    34.7300    33.8000    34.4300     1659933 
 Wed 02-Feb-2011    34.0600    34.9800    34.0200    34.4300     1694204 
 Tue 01-Feb-2011    33.6800    34.8500    33.6800    34.3100     3036312 
 Mon 31-Jan-2011    32.3000    33.6000    32.2300    33.3000     3684647