Shares of Infinera Co. (NASDAQ:INFN – Get Free Report) have been given a consensus rating of “Hold” by the eight analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $7.09.
Separately, StockNews.com initiated coverage on Infinera in a research report on Wednesday, March 12th. They issued a “hold” rating on the stock.
View Our Latest Research Report on Infinera
Infinera Price Performance
Infinera (NASDAQ:INFN – Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The communications equipment provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.15). The company had revenue of $414.39 million during the quarter, compared to analysts’ expectations of $409.08 million. Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. On average, equities analysts anticipate that Infinera will post -0.33 EPS for the current fiscal year.
Institutional Trading of Infinera
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its position in Infinera by 1.9% in the fourth quarter. Russell Investments Group Ltd. now owns 110,687 shares of the communications equipment provider’s stock worth $727,000 after buying an additional 2,097 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Infinera by 3.0% in the 4th quarter. Victory Capital Management Inc. now owns 130,242 shares of the communications equipment provider’s stock worth $856,000 after acquiring an additional 3,776 shares during the last quarter. Mariner LLC lifted its holdings in shares of Infinera by 23.2% in the 4th quarter. Mariner LLC now owns 23,450 shares of the communications equipment provider’s stock worth $154,000 after acquiring an additional 4,422 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Infinera by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 637,922 shares of the communications equipment provider’s stock worth $4,191,000 after purchasing an additional 5,061 shares during the last quarter. Finally, Vestcor Inc bought a new stake in Infinera in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 97.54% of the company’s stock.
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.
Read More
- Five stocks we like better than Infinera
- About the Markup Calculator
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- What is the S&P/TSX Index?
- 3 Must-Own Stocks to Build Wealth This Decade
- Find and Profitably Trade Stocks at 52-Week Lows
- Advanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?
Receive News & Ratings for Infinera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infinera and related companies with MarketBeat.com's FREE daily email newsletter.