Infinera (NASDAQ:INFN) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Infinera (NASDAQ:INFN) in a research report report published on Friday morning. The firm issued a hold rating on the communications equipment provider’s stock.

Infinera Stock Performance

Shares of INFN stock opened at $6.64 on Friday. The firm’s 50 day moving average is $6.64 and its 200 day moving average is $6.65. The stock has a market capitalization of $1.57 billion, a P/E ratio of -13.83 and a beta of 1.63. Infinera has a 12 month low of $4.49 and a 12 month high of $6.92. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 4.98.

Infinera (NASDAQ:INFN) last posted its earnings results on Thursday, March 6th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.15). The company had revenue of $414.39 million for 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, sell-side analysts anticipate that Infinera will post -0.33 earnings per share for the current year.

Hedge Funds Weigh In On Infinera

Large investors have recently modified their holdings of the company. Intech Investment Management LLC bought a new position in Infinera in the 3rd quarter valued at $354,000. Charles Schwab Investment Management Inc. raised its position in shares of Infinera by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,698,808 shares of the communications equipment provider’s stock worth $11,467,000 after buying an additional 39,917 shares in the last quarter. Quantbot Technologies LP bought a new stake in Infinera during the third quarter valued at $40,000. BNP Paribas Financial Markets grew its position in Infinera by 33.9% during the third quarter. BNP Paribas Financial Markets now owns 114,994 shares of the communications equipment provider’s stock worth $776,000 after buying an additional 29,083 shares in the last quarter. Finally, Bardin Hill Management Partners LP bought a new position in Infinera in the 3rd quarter worth about $1,576,000. 97.54% of the stock is currently owned by institutional investors.

About Infinera

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.