Infinera (NASDAQ:INFN) Stock Price Down 7.2%

Infinera Co. (NASDAQ:INFNGet Free Report) was down 7.2% during trading on Tuesday . The company traded as low as $6.01 and last traded at $6.03. Approximately 1,165,258 shares traded hands during trading, a decline of 64% from the average daily volume of 3,266,337 shares. The stock had previously closed at $6.50.

Wall Street Analyst Weigh In

A number of research analysts have commented on INFN shares. StockNews.com cut shares of Infinera from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Needham & Company LLC reiterated a “strong-buy” rating and set a $10.00 price target on shares of Infinera in a research report on Thursday, March 7th. Stifel Nicolaus reiterated a “buy” rating and set a $7.00 price target on shares of Infinera in a research report on Monday. Finally, B. Riley reiterated a “buy” rating and set a $7.50 price target on shares of Infinera in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6.85.

Read Our Latest Stock Analysis on INFN

Infinera Trading Up 6.5 %

The company has a current ratio of 1.69, a quick ratio of 0.95 and a debt-to-equity ratio of 3.63. The stock’s fifty day moving average price is $5.19 and its 200 day moving average price is $4.50.

Infinera (NASDAQ:INFNGet Free Report) last announced its quarterly earnings results on Thursday, February 29th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $392.37 million for the quarter. Infinera had a negative net margin of 0.28% and a positive return on equity of 1.73%. As a group, analysts expect that Infinera Co. will post -0.06 earnings per share for the current year.

Hedge Funds Weigh In On Infinera

Hedge funds have recently bought and sold shares of the business. Clear Street Markets LLC purchased a new position in Infinera in the 1st quarter worth about $39,000. Tower Research Capital LLC TRC increased its position in shares of Infinera by 85.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 5,291 shares of the communications equipment provider’s stock valued at $41,000 after purchasing an additional 2,437 shares during the last quarter. Quarry LP purchased a new stake in shares of Infinera during the 1st quarter valued at about $73,000. US Bancorp DE increased its position in shares of Infinera by 186.8% during the 4th quarter. US Bancorp DE now owns 9,681 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 6,306 shares during the last quarter. Finally, Partners Capital Investment Group LLP purchased a new stake in shares of Infinera during the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 97.54% of the company’s stock.

Infinera Company Profile

(Get Free Report)

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.

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