Infinera Co. (NASDAQ:INFN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Infinera Co. (NASDAQ:INFN) have been assigned an average recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $7.09.

A number of research analysts recently issued reports on INFN shares. StockNews.com upgraded shares of Infinera from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $6.65 price target on shares of Infinera in a research note on Wednesday, November 6th. Finally, B. Riley cut shares of Infinera from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

Infinera Stock Down 0.3 %

Shares of NASDAQ:INFN opened at $6.56 on Friday. Infinera has a 52-week low of $4.18 and a 52-week high of $6.92. The company has a market capitalization of $1.55 billion, a PE ratio of -13.67 and a beta of 1.67. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.97 and a current ratio of 1.58. The company has a fifty day moving average of $6.66 and a 200-day moving average of $6.26.

Infinera (NASDAQ:INFN) last issued its earnings results on Tuesday, November 5th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. The firm had revenue of $354.40 million during the quarter, compared to analyst estimates of $401.96 million. On average, equities analysts predict that Infinera will post -0.25 EPS for the current fiscal year.

Institutional Trading of Infinera

Institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of Infinera in the 3rd quarter valued at about $40,000. EverSource Wealth Advisors LLC bought a new stake in Infinera in the second quarter worth approximately $104,000. Headlands Technologies LLC bought a new stake in Infinera in the second quarter worth approximately $112,000. Algert Global LLC acquired a new position in Infinera in the second quarter valued at approximately $128,000. Finally, Palumbo Wealth Management LLC boosted its holdings in shares of Infinera by 8.4% during the 3rd quarter. Palumbo Wealth Management LLC now owns 23,954 shares of the communications equipment provider’s stock worth $162,000 after buying an additional 1,850 shares in the last quarter. 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.