Analysts Set Infinera Co. (NASDAQ:INFN) Price Target at $7.09

Infinera Co. (NASDAQ:INFN) has been assigned an average rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $7.09.

INFN has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of Infinera in a research note on Wednesday, September 11th. They set a “sell” rating on the stock. Needham & Company LLC restated a “hold” rating on shares of Infinera in a research report on Friday, June 28th. JPMorgan Chase & Co. raised their price target on shares of Infinera from $5.00 to $6.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. Morgan Stanley raised their price target on shares of Infinera from $5.40 to $6.65 and gave the stock an “equal weight” rating in a research report on Friday, June 28th. Finally, B. Riley reduced their price target on shares of Infinera from $9.00 to $6.65 and set a “buy” rating on the stock in a research report on Monday, August 5th.

Infinera Trading Down 0.2 %

NASDAQ INFN opened at $6.46 on Wednesday. Infinera has a 12 month low of $2.82 and a 12 month high of $6.62. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.57 and a quick ratio of 0.94. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -19.00 and a beta of 1.71. The company’s fifty day moving average price is $6.04 and its two-hundred day moving average price is $5.56.

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

Institutional Trading of Infinera

Hedge funds have recently bought and sold shares of the company. SageView Advisory Group LLC bought a new stake in Infinera in the 1st quarter valued at about $39,000. Partners Capital Investment Group LLP bought a new stake in Infinera in the 4th quarter valued at about $48,000. Worth Venture Partners LLC bought a new stake in Infinera in the 4th quarter valued at about $53,000. Ironwood Investment Counsel LLC bought a new stake in Infinera in the 4th quarter valued at about $56,000. Finally, RPO LLC acquired a new position in Infinera during the 4th quarter valued at about $82,000. 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.