Hot Keys to Identify Price Guidance: Finisar Corporation’s (NASDAQ:FNSR)

On 12 Sep 2019, Finisar Corporation’s (NASDAQ:FNSR) shares price traded between $22.97 and $23.38 during the last trading session upbeat/downbeat with +0.17% at $23.29. The shares recorded trading volume 1,475,777 shares as compared to its average volume of 1,253,160 shares.

Finisar Corporation (FNSR) recently declared financial results for its first quarter of fiscal 2020, ended July 28, 2019.

Revenue Details for the First Quarter of Fiscal 2020: 

  • Revenues for datacom applications reduced by $19.4M, or (8.9)%, contrast to the fourth quarter of fiscal 2019, primarily as the result of a decline in VCSELs arrays for 3D applications Because of lower demand resulting from the timing of the new product cycle of a key consumer, as well as lower sales of fibre channel transceivers.
  • Revenues for telecom applications reduced by $5.6M, or (6.2)%, contrast to the fourth quarter of fiscal 2019, primarily as a result of a decline in sales of wavelength selective switches.

FNSR has 119.22 million shares outstanding and 119.04 million shares were floated in market. The short ratio in the company’s stock is documented at 9.58 and the short float is around of 10.09%. The average true range of the stock is observed at 0.50 and the relative strength index of the stock is recorded at 58.77.

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