Barclays analyst Joseph Wolf maintained a Hold rating on Finisar Corp (NASDAQ: FNSR) on September 7 and set a price target of $24. The company’s shares closed on Friday at $20.15.
According to TipRanks.com, Wolf is a 4-star analyst with an average return of 6.1% and a 56.4% success rate. Wolf covers the Consumer Goods sector, focusing on stocks such as Keysight Technologies, Lumentum Holdings, and Corning Inc.
Finisar Corp has an analyst consensus of Moderate Buy, with a price target consensus of $22.67, implying a 12.5% upside from current levels. In a report issued on September 4, B.Riley FBR also maintained a Hold rating on the stock with a $17 price target.
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Based on Finisar Corp’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $18.49 million. In comparison, last year the company had a net profit of $19.86 million.
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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.
