Infinera (INFN) to Release Quarterly Earnings on Thursday

Infinera (NASDAQ:INFN) is expected to be issuing its quarterly earnings data after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $0.13 per share and revenue of $409.08 million for the quarter.

Infinera Stock Performance

Shares of NASDAQ:INFN opened at $6.65 on Thursday. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -13.85 and a beta of 1.63. Infinera has a 52 week low of $4.41 and a 52 week high of $6.92. 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 has a 50 day moving average of $6.61 and a 200 day moving average of $6.56.

Analyst Ratings Changes

Several research firms have issued reports on INFN. StockNews.com raised shares of Infinera from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $6.65 price target on shares of Infinera in a report on Wednesday, November 6th. Finally, B. Riley downgraded shares of Infinera from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.09.

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.