Goldman Sachs analyst Rod Hall upgraded Finisar Corp (FNSR) to Hold today. The company’s shares closed on Friday at $21.79.
According to TipRanks.com, Hall is a 4-star analyst with an average return of 5.9% and a 48.8% success rate. Hall covers the Consumer Goods sector, focusing on stocks such as Lumentum Holdings, Juniper Networks, and Pure Storage Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Finisar Corp with a $21.83 average price target, representing a 0.2% upside. In a report issued on November 8, Barclays also initiated coverage with a Hold rating on the stock with a $24 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 $5.86 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.
