Analyst Stance On Two Stocks: Finisar Corporation (FNSR), Palo Alto Networks, Inc. (PANW)

The recently concluded session had traders exchanging Finisar Corporation (NASDAQ:FNSR) low level. Roughly 2.06 million shares changed hands compared to the three-month volume average 3.76 million shares. The first trade took place at $17.22 and the stock went down -1.32% to attain the closing price of $17.15.

Finisar Corporation (FNSR) Analyst Opinion

Finisar Corporation has a consensus outperform rating from 15 Wall Street analysts, and the number of shares currently sold short amount to at least 12.01% of shares outstanding. The stock spiked 1.9% last month and is down -15.72 this year. Wall Street is only getting more bullish on the stock, with 8 of analysts who cover FNSR having a buy-equivalent rating. Analysts have placed a $21.25 price target on Finisar Corporation, suggesting a 23.91% gain from recent close. It’s currently trading about -40.84% below its 52-week high.

Finisar Corporation Earnings Surprise

Finisar Corporation (FNSR) failed to surprise the stock market in its last reported earnings when it earned $0.2 a piece versus the consensus-estimated $0.23. Its revenue totaled $333.23 million up 0.31% from the previous quarter.

Finisar Corporation (NASDAQ:FNSR) Intraday View

This stock (FNSR) is ahead of its 52-week low with 20.34%. Its last month’s stock price volatility remained 2.45% which for the week stands at 2.57%. The share price has moved forward from its 20 days moving average, trading at a distance of 2.1% and stays 6.18% away from its 50 days moving average. Over the last five days, shares have managed 2.21% gains and now is down -11.4% since hitting its 200-day moving average of $18.2. Finisar Corporation (FNSR) has made its way to a 12-month decline of -33.6%.

Turning to Palo Alto Networks, Inc. (NYSE:PANW), its shares were trading at $199.33 a gain of $0.83, on the trading floor. The stock, after opening at $197.64, touched a high of $200.2 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.9. Palo Alto Networks, Inc. has 15 buy ratings, 6 holds and 1 sells even after the stock tumbled -7.15% from its high of $214.69 to a $18.64 billion market value through last close.

Palo Alto Networks, Inc. (PANW) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 1.93 to 1.9 during a month. Analysts set a 12-month price target of $226.76 a share. The target implies a 13.76% spike from where the shares are currently trading. Also, the current price highlights a discount of 31.44% to analysts’ high consensus price target.

Palo Alto Networks, Inc. (NYSE:PANW) Intraday Trading

The counter witnessed a trading volume of 1.52 million shares versus an average volume of 1.38 million shares during last trading session. Its last month’s stock price volatility remained 3.93% which for the week approaches 2.41%. The lowest price the stock reached in the last trading day was $196.21 and compares with the $126.56 52-week low. The stock recovered 57.5% since its low point and has performed 37.53% year-to-date.

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