Infinera Co. (NASDAQ:INFN) Given Average Rating of “Hold” by Analysts

Infinera Co. (NASDAQ:INFN) has been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $7.09.

INFN has been the subject of a number of analyst reports. StockNews.com upgraded shares of Infinera from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Rosenblatt Securities reissued a “neutral” rating and issued a $6.65 price objective on shares of Infinera in a research note on Wednesday, November 6th. Finally, B. Riley lowered Infinera from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Infinera Stock Performance

Shares of INFN opened at $6.56 on Friday. Infinera has a one year low of $4.18 and a one year high of $6.92. The company has a market cap of $1.55 billion, a PE ratio of -13.67 and a beta of 1.67. The stock has a 50-day moving average of $6.66 and a 200-day moving average of $6.26. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.58 and a quick ratio of 0.97.

Infinera (NASDAQ:INFN) last announced its quarterly earnings data on Tuesday, November 5th. The communications equipment provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The firm had revenue of $354.40 million during the quarter, compared to analyst estimates of $401.96 million. Infinera had a negative net margin of 7.62% and a negative return on equity of 45.12%. On average, equities research analysts predict that Infinera will post -0.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of INFN. Tidal Investments LLC raised its stake in shares of Infinera by 4.9% during the 3rd quarter. Tidal Investments LLC now owns 128,883 shares of the communications equipment provider’s stock worth $870,000 after purchasing an additional 6,066 shares during the period. Geode Capital Management LLC raised its position in Infinera by 1.0% in the third quarter. Geode Capital Management LLC now owns 4,829,486 shares of the communications equipment provider’s stock worth $32,605,000 after acquiring an additional 47,925 shares during the period. Sand Grove Capital Management LLP purchased a new position in Infinera in the third quarter valued at about $12,517,000. Janus Henderson Group PLC grew its position in shares of Infinera by 332.0% during the 3rd quarter. Janus Henderson Group PLC now owns 350,520 shares of the communications equipment provider’s stock valued at $2,364,000 after acquiring an additional 269,372 shares during the period. Finally, Bardin Hill Management Partners LP purchased a new stake in shares of Infinera during the 3rd quarter worth approximately $1,576,000. Hedge funds and other institutional investors own 97.54% of the company’s stock.

About Infinera

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.