Finisar Corporation (FNSR) Breaks into New 52-Week High on September 20 Session

Equities Staff  |

Shares of Finisar Corporation (FNSR) broke into a new 52-week high yesterday, hitting a peak of $25.14. Shares closed at $24.30 after opening at $24.40 for a move of 5.33%. The company now has a market cap of $2.92 billion.

Investors and traders can learn a lot about a stock’s momentum when it sets a new 52-week high. As an example, bullish investors view a company hitting its highest price in a year as a sign of momentum and may interpret it as a signal to buy. On the other hand, bearish investors could view a new 52-week high as a signal of the end of a strong run, with the stock possibly peaking out before an impending period of decline.

For Finisar Corporation, the new 52-week high came on volume of 8.81 million. The stock has a float of 120.11 million shares and average daily volume of $n/a. It has a 50-day SMA of $n/a and a 200-day SMA of $n/a.

For a complete fundamental analysis analysis of Finisar Corporation, check out’s Stock Valuation Analysis report for FNSR.

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Finisar Corp is a California-based provider of fiber optical modules and components that are used in data communications and telecommunications. The company's only reportable segment is optical subsystems and components. Optical subsystems consist of transmitters, receivers, transceivers, transponders and active optical cables that provide the fundamental optical-electrical, or optoelectronic, interface for interconnecting the electronic equipment used in building communication networks and others. Optical components consist primarily of packaged lasers, receivers, and photodetectors for data communication and telecommunication applications. Geographically, it derives a majority of revenue from the United States and also has a presence in China, Mexico and Rest of the world.

Finisar Corporation is based out of Sunnyvale, CA and has some 13,000 employees. Its CEO is .

Finisar Corporation is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.

What's more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow Jones Industrial Average or S&P 500.

To get more information on Finisar Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: FNSR’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



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