Infinera (NASDAQ:INFN) Issues Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Infinera (NASDAQ:INFN) released its quarterly earnings data on Thursday. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15), Zacks reports. Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. The firm had revenue of $414.39 million during the quarter, compared to the consensus estimate of $409.08 million.

Infinera Stock Performance

NASDAQ:INFN opened at $6.64 on Friday. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.58 and a quick ratio of 0.97. Infinera has a 1 year low of $4.41 and a 1 year high of $6.92. The stock’s 50 day simple moving average is $6.62 and its two-hundred day simple moving average is $6.59. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -13.83 and a beta of 1.63.

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.