Finisar Rises On Unusually High Volume (FNSR)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Finisar Corporation (Nasdaq: FNSR) is trading at unusually high volume Thursday with 5.1 million shares changing hands. It is currently at two times its average daily volume and trading up 49 cents (+3.4%) at $14.85 as of 3:41 p.m. ET.

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Finisar has a market cap of $1.32 billion and is part of the technology sector and computer hardware industry. Shares are down 14.9% year to date as of the close of trading on Wednesday.

Finisar Corporation engages in the design, development, manufacture, and sale of optical subsystems and components for use in fiber optics-based data communication and telecommunication networks applications. The company has a P/E ratio of 62, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Finisar as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Finisar Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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