Infinera (NASDAQ:INFN) Sees Unusually-High Trading Volume on Analyst Upgrade

Infinera Co. (NASDAQ:INFN) saw an uptick in trading volume on Monday after Morgan Stanley raised their price target on the stock from $5.40 to $6.65. Morgan Stanley currently has an equal weight rating on the stock. 995,788 shares changed hands during trading, a decline of 71% from the previous session’s volume of 3,402,181 shares.The stock last traded at $6.07 and had previously closed at $6.09.

INFN has been the topic of a number of other research reports. B. Riley reiterated a “buy” rating and issued a $9.00 target price on shares of Infinera in a research report on Wednesday, May 15th. Needham & Company LLC reiterated a “hold” rating on shares of Infinera in a research report on Friday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $7.00 target price on shares of Infinera in a research report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.55.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of INFN. SageView Advisory Group LLC acquired a new position in Infinera in the first quarter valued at approximately $39,000. Partners Capital Investment Group LLP acquired a new position in shares of Infinera during the 4th quarter worth approximately $48,000. Worth Venture Partners LLC acquired a new position in shares of Infinera during the 4th quarter worth approximately $53,000. Ironwood Investment Counsel LLC acquired a new position in shares of Infinera during the 4th quarter worth approximately $56,000. Finally, SG Americas Securities LLC acquired a new position in shares of Infinera during the 4th quarter worth approximately $81,000. 97.54% of the stock is owned by institutional investors and hedge funds.

Infinera Trading Up 0.3 %

The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.97 and a current ratio of 1.65. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -17.97 and a beta of 1.64. The company has a 50 day moving average price of $5.31 and a two-hundred day moving average price of $5.13.

Infinera (NASDAQ:INFN) last announced its earnings results on Tuesday, May 14th. The communications equipment provider reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.07). Infinera had a negative return on equity of 27.68% and a negative net margin of 5.11%. The business had revenue of $306.92 million for the quarter, compared to analyst estimates of $337.73 million. On average, research analysts forecast that Infinera Co. will post -0.19 EPS for the current year.

Infinera Company Profile

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.