Infinera Co. (NASDAQ:INFN) Given Consensus Rating of “Hold” by Analysts

Infinera Co. (NASDAQ:INFN) 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.

Institutional Trading of Infinera

A number of hedge funds have recently modified their holdings of the company. Graypoint LLC increased its position in shares of Infinera by 8.7% in the 1st quarter. Graypoint LLC now owns 30,462 shares of the communications equipment provider’s stock valued at $184,000 after buying an additional 2,438 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Infinera by 8.5% during the first quarter. ProShare Advisors LLC now owns 35,853 shares of the communications equipment provider’s stock worth $216,000 after purchasing an additional 2,821 shares during the period. Principal Financial Group Inc. grew its position in shares of Infinera by 16.2% in the 1st quarter. Principal Financial Group Inc. now owns 26,790 shares of the communications equipment provider’s stock valued at $162,000 after purchasing an additional 3,725 shares during the period. Blair William & Co. IL increased its stake in Infinera by 8.7% during the 1st quarter. Blair William & Co. IL now owns 47,500 shares of the communications equipment provider’s stock worth $286,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in Infinera by 12.1% during the 4th quarter. Handelsbanken Fonder AB now owns 47,406 shares of the communications equipment provider’s stock worth $225,000 after buying an additional 5,100 shares during the period. 97.54% of the stock is currently owned by institutional investors and hedge funds.

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) 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.