Infinera Co. (NASDAQ:INFN) Receives Average Recommendation of “Hold” from Brokerages

Infinera Co. (NASDAQ:INFN) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $7.09.

INFN has been the topic of a number of analyst reports. Rosenblatt Securities restated a “neutral” rating and set a $6.65 target price on shares of Infinera in a research note on Wednesday, November 6th. StockNews.com upgraded shares of Infinera from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, B. Riley cut shares of Infinera from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

Institutional Trading of Infinera

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Infinera by 22.4% in 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 during the last quarter. Geode Capital Management LLC increased its holdings in Infinera by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,829,486 shares of the communications equipment provider’s stock valued at $32,605,000 after acquiring an additional 47,925 shares during the last quarter. Hood River Capital Management LLC increased its holdings in Infinera by 14.2% in the 2nd 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 acquiring an additional 591,611 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Infinera by 2,104.8% in the 3rd 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 during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Infinera by 37.2% in the 2nd 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 during the last quarter. 97.54% of the stock is currently owned by institutional investors.

Infinera Trading Up 0.2 %

Shares of Infinera stock opened at $6.59 on Tuesday. The company’s fifty day simple moving average is $6.61 and its 200-day simple moving average is $6.43. The stock has a market capitalization of $1.56 billion, a PE ratio of -13.73 and a beta of 1.64. Infinera has a 1-year low of $4.41 and a 1-year high of $6.92. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.58 and a quick ratio of 0.97.

Infinera (NASDAQ:INFN) last issued its quarterly earnings results on Tuesday, November 5th. The communications equipment provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). The business had revenue of $354.40 million for the quarter, compared to analysts’ expectations of $401.96 million. Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. As a group, equities analysts anticipate that Infinera will post -0.25 earnings per share 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.