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 4.4 million shares changing hands. It is currently at two times its average daily volume and trading up $1.59 (+10.9%) at $16.11 as of 9:56 a.m. ET.

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Finisar has a market cap of $1.35 billion and is part of the technology sector and computer hardware industry. Shares are down 10.9% 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 160.4, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Finisar as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Finisar Ratings Report.

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