B.Riley FBR analyst Dave Kang maintained a Hold rating on Finisar Corp (NASDAQ: FNSR) today and set a price target of $17. The company’s shares closed on Friday at $20.40.
According to TipRanks.com, Kang is a 5-star analyst with an average return of 20.4% and a 68.3% success rate. Kang covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Acacia Communications, and Lumentum Holdings.
Finisar Corp has an analyst consensus of Strong Buy, with a price target consensus of $23.50, a 15.2% upside from current levels. In a report issued on August 22, Raymond James also downgraded the stock to Hold.
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The company has a one-year high of $25.41 and a one-year low of $14.25. Currently, Finisar Corp has an average volume of 2.31M.
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Finisar Corp. is an optical communications company, which engages in the provision of components and subsystems to networking equipment manufacturers, data center operators, telecom service providers, consumer electronics and automotive companies.
