Weakness Seen in Finisar (FNSR): Stock Falls 6.8% - Tale of the Tape

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Finisar Corp. ( FNSR ) saw a big move last session, as the company's shares fell nearly 7% on the day. The move came on pretty good 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 below the volatile price range of $19.45 to $20.68  in the past one-month time frame.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.   

Some better-ranked stocks in the Computer & Technology sector include Analog Devices, Inc. ( ADI ), Amkor Technology, Inc. ( AMKR ) and Cirrus Logic Inc. ( CRUS ). All these stocks carry a Zacks Rank #2 (Buy).  

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FINISAR CORP (FNSR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: FNSR , ADI , AMKR , CRUS

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