Infinera Co. (NASDAQ:INFN) Receives $7.09 Consensus Target Price from Brokerages

Shares of Infinera Co. (NASDAQ:INFN) have earned an average rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $7.09.

Separately, StockNews.com assumed coverage on Infinera in a report on Saturday. They issued a “hold” rating on the stock.

Institutional Trading of Infinera

A number of large investors have recently modified their holdings of the company. Magnetar Financial LLC bought a new stake in Infinera during the 4th quarter valued at $56,240,000. PSquared Asset Management AG lifted its stake in Infinera by 131.6% in the fourth quarter. PSquared Asset Management AG now owns 5,606,004 shares of the communications equipment provider’s stock worth $36,831,000 after acquiring an additional 3,185,500 shares during the period. Toronto Dominion Bank purchased a new stake in Infinera in the fourth quarter worth about $4,862,000. One68 Global Capital LLC bought a new position in Infinera during the 4th quarter worth about $4,566,000. Finally, ABC Arbitrage SA purchased a new position in Infinera during the 4th quarter valued at about $2,306,000. Hedge funds and other institutional investors own 97.54% of the company’s stock.

Infinera Stock Performance

INFN stock opened at $6.64 on Friday. Infinera has a twelve month low of $4.49 and a twelve month high of $6.92. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -13.83 and a beta of 1.63. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 4.98. The firm’s fifty day simple moving average is $6.64 and its two-hundred day simple moving average is $6.65.

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