Infinera (NASDAQ:INFN) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Infinera (NASDAQ:INFN) in a report issued on Saturday. The brokerage set a “hold” rating on the communications equipment provider’s stock.

Infinera Stock Performance

Shares of INFN stock opened at $6.64 on Friday. Infinera has a 12-month low of $4.49 and a 12-month high of $6.92. The company has a market capitalization of $1.57 billion, a PE ratio of -13.83 and a beta of 1.63. The firm has a 50 day moving average price of $6.64 and a two-hundred day moving average price of $6.65. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 4.98.

Infinera (NASDAQ:INFN) last released its quarterly 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). The business had revenue of $414.39 million for the quarter, compared to the consensus estimate of $409.08 million. Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. As a group, analysts predict that Infinera will post -0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in INFN. Vestcor Inc bought a new position in shares of Infinera in the 4th quarter valued at $34,000. Quantbot Technologies LP bought a new position in shares of Infinera in the third quarter worth about $40,000. LPL Financial LLC acquired a new stake in shares of Infinera in the 4th quarter valued at approximately $70,000. Wealthfront Advisers LLC bought a new stake in shares of Infinera during the 4th quarter valued at approximately $76,000. Finally, Cibc World Markets Corp acquired a new position in Infinera during the 4th quarter worth approximately $124,000. 97.54% of the stock is currently owned by institutional investors and hedge funds.

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.