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
Kirk out
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