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Finisar Corporation (FNSR) Surges: Stock Moves 5.6% Higher

Zacks Equity Research
Updated

Finisar Corporation FNSR was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $22.43 to $20.88 in the past one-month time frame.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Finisar Corporation currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Finisar Corporation Price

 

Finisar Corporation Price | Finisar Corporation Quote

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A better-ranked stock in the Computer sector is AAC Technologies Holdings Inc. AACAY, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is FNSR going up? Or down? Predict to see what others think:Up or Down

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AAC Technologies Holdings Inc. (AACAY) : Free Stock Analysis Report
 
Finisar Corporation (FNSR) : Free Stock Analysis Report
 
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Zacks Investment Research