Infinera Co. (NASDAQ:INFN) Receives Consensus Recommendation of “Hold” from Brokerages

Infinera Co. (NASDAQ:INFN) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $7.09.

Separately, StockNews.com began coverage on shares of Infinera in a research report on Wednesday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Infinera

A number of hedge funds and other institutional investors have recently bought and sold shares of INFN. Vestcor Inc acquired a new stake in shares of Infinera in the 4th quarter worth $34,000. Quantbot Technologies LP acquired a new position in shares of Infinera during the third quarter worth about $40,000. LPL Financial LLC purchased a new position in Infinera during the fourth quarter worth about $70,000. Wealthfront Advisers LLC acquired a new stake in Infinera in the fourth quarter valued at about $76,000. Finally, Cibc World Markets Corp purchased a new stake in Infinera in the 4th quarter valued at approximately $124,000. 97.54% of the stock is currently owned by hedge funds and other institutional investors.

Infinera Price Performance

Shares of NASDAQ INFN opened at $6.64 on Wednesday. The business has a 50-day moving average price of $6.62 and a 200 day moving average price of $6.61. The stock has a market cap of $1.57 billion, a PE ratio of -13.83 and a beta of 1.63. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 4.98. Infinera has a 52-week low of $4.41 and a 52-week high of $6.92.

Infinera (NASDAQ:INFN) last posted 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). The firm had revenue of $414.39 million during the quarter, compared to analyst estimates of $409.08 million. Infinera had a negative net margin of 7.62% and a negative return on equity of 45.12%. Equities research analysts forecast 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.