Infinera Co. (NASDAQ:INFN) Stock Holdings Lifted by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Infinera Co. (NASDAQ:INFN) by 22.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,057,935 shares of the communications equipment provider’s stock after buying an additional 2,025,658 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 4.72% of Infinera worth $67,343,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of INFN. Arizona State Retirement System grew its holdings in shares of Infinera by 3.9% during the second quarter. Arizona State Retirement System now owns 58,308 shares of the communications equipment provider’s stock valued at $355,000 after purchasing an additional 2,180 shares during the last quarter. Graypoint LLC grew its stake in Infinera by 8.7% during the 1st quarter. Graypoint LLC now owns 30,462 shares of the communications equipment provider’s stock worth $184,000 after buying an additional 2,438 shares during the last quarter. ProShare Advisors LLC grew its stake in Infinera by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 35,853 shares of the communications equipment provider’s stock worth $216,000 after buying an additional 2,821 shares during the last quarter. Principal Financial Group Inc. increased its position in Infinera by 16.2% in the first quarter. Principal Financial Group Inc. now owns 26,790 shares of the communications equipment provider’s stock worth $162,000 after buying an additional 3,725 shares during the period. Finally, Blair William & Co. IL lifted its stake in Infinera by 8.7% in the first quarter. Blair William & Co. IL now owns 47,500 shares of the communications equipment provider’s stock valued at $286,000 after buying an additional 3,800 shares during the last quarter. Institutional investors and hedge funds own 97.54% of the company’s stock.

Infinera Price Performance

Shares of NASDAQ:INFN opened at $6.70 on Friday. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of -19.71 and a beta of 1.71. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.57 and a quick ratio of 0.94. Infinera Co. has a 12 month low of $2.82 and a 12 month high of $6.76. The stock’s 50 day moving average price is $6.10 and its 200 day moving average price is $5.61.

Infinera (NASDAQ:INFN) last announced its quarterly earnings data on Friday, August 2nd. The communications equipment provider reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. The business had revenue of $342.70 million during the quarter, compared to analyst estimates of $331.71 million. Infinera had a negative return on equity of 31.63% and a negative net margin of 7.10%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. Equities research analysts anticipate that Infinera Co. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on INFN. Berenberg Bank upgraded shares of Infinera to a “hold” rating in a research report on Monday, August 5th. StockNews.com started coverage on shares of Infinera in a research report on Thursday. They issued a “sell” rating for the company. JPMorgan Chase & Co. lifted their price target on Infinera from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Tuesday, August 6th. Rosenblatt Securities downgraded Infinera from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $8.00 to $6.65 in a research report on Monday, August 5th. Finally, Morgan Stanley raised their target price on Infinera from $5.40 to $6.65 and gave the company an “equal weight” rating in a research report on Friday, June 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.09.

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.