Analysts Set Infinera Co. (NASDAQ:INFN) PT at $7.09

Shares of Infinera Co. (NASDAQ:INFN) have received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $7.09.

Separately, StockNews.com assumed coverage on Infinera in a report on Wednesday. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Infinera

Large investors have recently added to or reduced their stakes in the company. Creative Planning boosted its position in Infinera by 87.3% in the 3rd quarter. Creative Planning now owns 30,443 shares of the communications equipment provider’s stock valued at $205,000 after buying an additional 14,193 shares during the last quarter. Alpine Associates Management Inc. acquired a new position in shares of Infinera in the third quarter worth about $13,761,000. Intech Investment Management LLC purchased a new position in Infinera in the third quarter valued at about $354,000. Charles Schwab Investment Management Inc. grew its stake in Infinera by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,698,808 shares of the communications equipment provider’s stock valued at $11,467,000 after purchasing an additional 39,917 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in Infinera by 2,104.8% during the 3rd quarter. Citigroup Inc. now owns 2,915,001 shares of the communications equipment provider’s stock worth $19,676,000 after purchasing an additional 2,782,789 shares during the last quarter. 97.54% of the stock is owned by institutional investors and hedge funds.

Infinera Price Performance

INFN opened at $6.64 on Wednesday. Infinera has a 1 year low of $4.41 and a 1 year high of $6.92. The firm has a 50 day moving average price of $6.63 and a 200 day moving average price of $6.62. 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 PE ratio of -13.83 and a beta of 1.63.

Infinera (NASDAQ:INFN) last released its quarterly earnings data on Thursday, March 6th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.15). Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. The business had revenue of $414.39 million during the quarter, compared to analyst estimates of $409.08 million. Sell-side analysts expect 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.