Infinera Co. (NASDAQ:INFN) Given Average Rating of “Hold” by Brokerages

Shares of Infinera Co. (NASDAQ:INFN) have earned a consensus rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $7.09.

Separately, StockNews.com assumed coverage on Infinera in a report on Wednesday. They issued a “hold” rating on the stock.

Infinera Stock Performance

Shares of INFN stock opened at $6.64 on Wednesday. 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 has a twelve month low of $4.41 and a twelve month high of $6.92. The company’s 50-day moving average price is $6.62 and its 200-day moving average price is $6.61. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of -13.83 and a beta of 1.63.

Infinera (NASDAQ:INFN) last issued its earnings results on Thursday, March 6th. The communications equipment provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15). Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. The firm had revenue of $414.39 million for the quarter, compared to analysts’ expectations of $409.08 million. As a group, equities analysts predict that Infinera will post -0.33 earnings per share for the current year.

Institutional Trading of Infinera

A number of large investors have recently modified their holdings of the stock. Vestcor Inc acquired a new position in shares of Infinera during the fourth quarter worth $34,000. Quantbot Technologies LP acquired a new position in shares of Infinera during the 3rd quarter worth about $40,000. LPL Financial LLC purchased a new position in shares of Infinera in the 4th quarter valued at about $70,000. Wealthfront Advisers LLC purchased a new position in shares of Infinera in the 4th quarter valued at about $76,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Infinera during the 4th quarter worth about $124,000. Hedge funds and other institutional investors own 97.54% of the company’s stock.

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.