Infinera Co. (NASDAQ:INFN) Short Interest Down 5.1% in December

Infinera Co. (NASDAQ:INFN) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 26,670,000 shares, a decrease of 5.1% from the December 15th total of 28,100,000 shares. Based on an average daily trading volume, of 941,300 shares, the short-interest ratio is currently 28.3 days.

Institutional Trading of Infinera

Several large investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Infinera by 22.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,057,935 shares of the communications equipment provider’s stock valued at $67,343,000 after acquiring an additional 2,025,658 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Infinera by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,829,486 shares of the communications equipment provider’s stock worth $32,605,000 after purchasing an additional 47,925 shares during the last quarter. Hood River Capital Management LLC increased its holdings in shares of Infinera by 14.2% in the second quarter. Hood River Capital Management LLC now owns 4,753,842 shares of the communications equipment provider’s stock valued at $28,951,000 after purchasing an additional 591,611 shares during the last quarter. Citigroup Inc. lifted its position in Infinera by 2,104.8% during the third quarter. Citigroup Inc. now owns 2,915,001 shares of the communications equipment provider’s stock worth $19,676,000 after buying an additional 2,782,789 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Infinera by 37.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,759,906 shares of the communications equipment provider’s stock worth $16,802,000 after buying an additional 748,155 shares in the last quarter. 97.54% of the stock is currently owned by hedge funds and other institutional investors.

Infinera Stock Up 0.6 %

Shares of NASDAQ INFN opened at $6.59 on Tuesday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -13.73 and a beta of 1.64. The company’s 50-day simple moving average is $6.60 and its 200-day simple moving average is $6.44. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 4.98. Infinera has a 52-week low of $4.41 and a 52-week high of $6.92.

Infinera (NASDAQ:INFN) last posted its quarterly earnings data on Tuesday, November 5th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07). Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. The firm had revenue of $354.40 million during the quarter, compared to analyst estimates of $401.96 million. Equities analysts predict that Infinera will post -0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $6.65 price target on shares of Infinera in a research report on Wednesday, November 6th. B. Riley lowered shares of Infinera from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded shares of Infinera from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7.09.

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.