Infinera (NASDAQ:INFN) Given Hold Rating at Craig Hallum

Craig Hallum reissued their hold rating on shares of Infinera (NASDAQ:INFNFree Report) in a research report released on Monday morning, MarketBeat reports. They currently have a $6.65 target price on the communications equipment provider’s stock, down from their prior target price of $12.00.

Several other analysts have also commented on INFN. Needham & Company LLC reissued a hold rating on shares of Infinera in a report on Friday, June 28th. B. Riley reissued a buy rating and issued a $9.00 price target on shares of Infinera in a report on Wednesday, May 15th. Morgan Stanley increased their price objective on shares of Infinera from $5.40 to $6.65 and gave the company an equal weight rating in a report on Friday, June 28th. Finally, Stifel Nicolaus reissued a buy rating and set a $7.00 target price on shares of Infinera in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Infinera has a consensus rating of Hold and an average target price of $7.55.

Read Our Latest Report on Infinera

Infinera Trading Up 1.0 %

Shares of NASDAQ:INFN opened at $6.26 on Monday. The business has a 50-day moving average price of $5.39 and a 200-day moving average price of $5.16. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -18.41 and a beta of 1.64. Infinera has a 52-week low of $2.82 and a 52-week high of $6.62. The company has a quick ratio of 0.97, a current ratio of 1.65 and a debt-to-equity ratio of 4.08.

Infinera (NASDAQ:INFNGet Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The communications equipment provider reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.07). The business had revenue of $306.92 million during the quarter, compared to analysts’ expectations of $337.73 million. Infinera had a negative net margin of 5.11% and a negative return on equity of 27.68%. Equities analysts predict that Infinera will post -0.19 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in INFN. SageView Advisory Group LLC purchased a new position in Infinera in the first quarter worth approximately $39,000. Partners Capital Investment Group LLP purchased a new stake in shares of Infinera during the 4th quarter worth $48,000. Worth Venture Partners LLC acquired a new position in shares of Infinera during the fourth quarter worth $53,000. Ironwood Investment Counsel LLC purchased a new position in Infinera in the fourth quarter valued at $56,000. Finally, SG Americas Securities LLC acquired a new stake in Infinera in the fourth quarter valued at $81,000. Institutional investors and hedge funds own 97.54% of the company’s stock.

About Infinera

(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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