Infinera Co. (NASDAQ:INFN – Get Free Report) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $7.55.
A number of analysts have commented on INFN shares. Needham & Company LLC reiterated a “hold” rating on shares of Infinera in a research report on Friday, June 28th. B. Riley reiterated a “buy” rating and set a $9.00 target price on shares of Infinera in a research report on Wednesday, May 15th. StockNews.com started coverage on Infinera in a research report on Thursday, July 25th. They issued a “sell” rating on the stock. Craig Hallum reiterated a “hold” rating and set a $6.65 target price (down previously from $12.00) on shares of Infinera in a research report on Monday, July 1st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $7.00 price objective on shares of Infinera in a research note on Wednesday, May 15th.
Check Out Our Latest Stock Report on INFN
Institutional Trading of Infinera
Infinera Stock Performance
INFN opened at $5.98 on Tuesday. Infinera has a 12-month low of $2.82 and a 12-month high of $6.62. The firm has a market capitalization of $1.40 billion, a P/E ratio of -17.59 and a beta of 1.64. The stock’s 50 day moving average price is $5.67 and its two-hundred day moving average price is $5.33. 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:INFN – Get Free Report) last released its 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 company had revenue of $306.92 million for the quarter, compared to analyst estimates of $337.73 million. Infinera had a negative net margin of 5.11% and a negative return on equity of 27.68%. On average, equities analysts forecast that Infinera will post -0.19 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.
Read More
- Five stocks we like better than Infinera
- The Significance of Brokerage Rankings in Stock Selection
- Survey: Top 175 Fittest Retirement Locations in America
- Dividend Payout Ratio Calculator
- Kimberly-Clark Stock Dips and a Buying Opportunity Emerges
- 3 Tickers Leading a Meme Stock Revival
- Leading Gold Stock Shines With Q2 2024 Earnings Release
Receive News & Ratings for Infinera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infinera and related companies with MarketBeat.com's FREE daily email newsletter.