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

Stock analysts at StockNews.com initiated coverage on shares of Infinera (NASDAQ:INFN) in a research report issued on Thursday. The brokerage set a “hold” rating on the communications equipment provider’s stock.

Infinera Price Performance

INFN opened at $6.64 on Thursday. The stock 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 1 year low of $4.49 and a 1 year high of $6.92. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 4.98. The stock has a fifty day moving average price of $6.63 and a 200 day moving average price of $6.63.

Infinera (NASDAQ:INFN) last posted its earnings results on Thursday, March 6th. The communications equipment provider reported ($0.02) earnings per share 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 company had revenue of $414.39 million for the quarter, compared to the consensus estimate of $409.08 million. Analysts forecast that Infinera will post -0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Infinera

Institutional investors have recently bought and sold shares of the stock. Sand Grove Capital Management LLP bought a new position in Infinera during the third quarter valued at about $12,517,000. Janus Henderson Group PLC increased its stake in shares of Infinera by 332.0% in the third quarter. Janus Henderson Group PLC now owns 350,520 shares of the communications equipment provider’s stock worth $2,364,000 after purchasing an additional 269,372 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Infinera by 20.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 50,074 shares of the communications equipment provider’s stock worth $329,000 after purchasing an additional 8,363 shares during the period. SG Americas Securities LLC increased its stake in shares of Infinera by 17.7% in the fourth quarter. SG Americas Securities LLC now owns 96,983 shares of the communications equipment provider’s stock worth $637,000 after purchasing an additional 14,595 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Infinera by 33.9% in the third quarter. BNP Paribas Financial Markets now owns 114,994 shares of the communications equipment provider’s stock worth $776,000 after purchasing an additional 29,083 shares during the period. 97.54% of the stock is currently owned by institutional investors.

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.