Infinera (NASDAQ:INFN) Coverage Initiated by Analysts at StockNews.com

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

Infinera Price Performance

INFN opened at $6.64 on Friday. 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 market cap of $1.57 billion, a price-to-earnings ratio of -13.83 and a beta of 1.63. Infinera has a one year low of $4.49 and a one year high of $6.92. The business’s fifty day moving average is $6.64 and its two-hundred day moving average is $6.65.

Infinera (NASDAQ:INFN) last released its quarterly earnings data on Thursday, March 6th. The communications equipment provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.15). The business had revenue of $414.39 million during 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%. Analysts anticipate that Infinera will post -0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Infinera

A number of institutional investors and hedge funds have recently bought and sold shares of INFN. Vestcor Inc acquired a new position in shares of Infinera in the fourth quarter worth $34,000. Quantbot Technologies LP purchased a new stake in Infinera during the 3rd quarter worth about $40,000. LPL Financial LLC acquired a new position in Infinera in the 4th quarter valued at about $70,000. Wealthfront Advisers LLC purchased a new position in 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.