Finisar Reaches New 52-Week High (FNSR)

NEW YORK ( TheStreet) -- Finisar Corporation (Nasdaq: FNSR) hit a new 52-week high Thursday as it is currently trading at $17.78, above its previous 52-week high of $17.30 with 363,587 shares traded as of 9:36 a.m. ET. Average volume has been 2.5 million shares over the past 30 days.

Finisar has a market cap of $1.58 billion and is part of the technology sector and computer hardware industry. Shares are up 4.1% year to date as of the close of trading on Wednesday.

Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications in the United States, Malaysia, China, and internationally.

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TheStreet Ratings rates Finisar as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. You can view the full Finisar Ratings Report.

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