Today Analysts Focus on Viacom, Inc. (VIAB), Finisar Corporation (FNSR)

Yhb Inv Inc holds 1.07% of its portfolio in General Electric Company (NYSE:GE) for 162,155 shares. The stock presently has an average rating of "Buy" and an average price target of $37.06.

While considering growth estimates of the company, it has next quarter growth estimates of 34.2% whereas during current quarter it has 72.4% estimations over growth, comparing to the estimations of 102% during current year and 11.3% for next year. The technology company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.62 by $0.03. Jefferies Group LLC upgraded Finisar from a "hold" rating to a "buy" rating and upped their price objective for the stock from $32.00 to $34.00 in a research note on Wednesday, March 15th. The company now has an average rating of Buy and an average target price of $37.06. On Friday, June 17 the stock rating was maintained by M Partners with "Neutral".

In terms of Buy, Sell or Hold recommendations, Finisar Corp (NASDAQ:FNSR) has analysts' mean recommendation of 1.8. Furthermore on 10/11/16 Goldman Sachs "Upgrades" the stock to Buy.

The target price for Finisar Corp. (REIT) (NYSE:RHP) has risen 29.87% since June 15, 2016 and is uptrending. If you are accessing this report on another publication, it was stolen and republished in violation of worldwide copyright & trademark laws. The correct version of this piece can be viewed at

At the moment 13 analysts are watching Finisar Corporation (NASDAQ:FNSR), 6 rate it "Buy", 5 "Outperform", 1 "Underperform", 1 "Sell", while 0 "Hold". There are brokerage firms with lower targets than the average, including one setting a price target of $32.

FNSR has a 1-year high price of $ 36.85 and 1-year low price of $16.67. The firm has a market capitalization of $2.93 billion, a PE ratio of 22.39 and a beta of 1.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Stephens sold 6,030 shares of Finisar Corporation stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $27.45, for a total transaction of $823,500.00. Following the sale, the executive vice president now directly owns 229,219 shares of the company's stock, valued at $5,531,054.47. The disclosure for this sale can be found here.

Among 21 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 3 Sell and 7 Hold. Institutional investors and hedge funds own 91.70% of the company's stock. Texas-based Bridgeway Cap Management Inc has invested 0.06% in Finisar Corporation (NASDAQ:FNSR). Wellington Management Group LLP increased its stake in shares of Finisar Corporation by 302.4% in the first quarter.

Discussing a drop in revenue quarter to quarter, CEO Jerry Rawls remarked "This decline was primarily the result of a decline in telecom revenues due to lower revenues from our Chinese OEM customers, and the impact of the full three months of the annual telecom price erosion". Ameriprise Financial Inc. increased its stake in shares of Finisar Corporation by 36.3% in the first quarter. Victory Capital Management Inc. now owns 1,310,526 shares of the technology company's stock valued at $35,830,000 after buying an additional 1,249,017 shares in the last quarter. 1492 Capital Management Llc acquired 52,787 shares as Finisar Corp (FNSR)'s stock declined 30.13%. Wells Fargo & Company MN now owns 2,329,912 shares of the technology company's stock worth $63,701,000 after buying an additional 495,132 shares in the last quarter.

Employees Retirement Systems Of Texas reported 0.02% of its portfolio in Finisar Corporation (NASDAQ:FNSR). The Company's optical subsystems consist of transmitters, receivers, transceivers, transponders and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in these networks, including the switches, routers, and servers used in wireline networks.

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