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

Infinera Co. (NASDAQ:INFN) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $7.09.

Separately, StockNews.com initiated coverage on shares of Infinera in a report on Wednesday, March 12th. They issued a “hold” rating on the stock.

Infinera Stock Performance

Shares of NASDAQ:INFN opened at $6.64 on Wednesday. Infinera has a twelve month low of $4.46 and a twelve month high of $6.92. The firm has a market cap of $1.57 billion, a PE ratio of -13.83 and a beta of 1.63. 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 business has a fifty day moving average of $6.63 and a 200-day moving average of $6.62.

Infinera (NASDAQ:INFN) last announced its quarterly earnings data 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 business had revenue of $414.39 million during the quarter, compared to analyst estimates of $409.08 million. On average, equities research analysts predict that Infinera will post -0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Infinera

Large investors have recently made changes to their positions in the stock. Vestcor Inc bought a new position in Infinera in the fourth quarter valued at $34,000. Quantbot Technologies LP bought a new position in Infinera in the third quarter valued at $40,000. LPL Financial LLC bought a new position in Infinera in the fourth quarter valued at $70,000. Wealthfront Advisers LLC bought a new position in Infinera in the fourth quarter valued at $76,000. Finally, Cibc World Markets Corp bought a new position in Infinera in the fourth quarter valued at $124,000. Institutional investors own 97.54% of the company’s stock.

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.