Infinera Co. (NASDAQ:INFN) Receives Average Rating of "Hold" from Analysts

Infinera Co. (NASDAQ:INFN - Get Free Report) has been given an average rating of "Hold" by the eight research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $7.09.

Several equities research analysts recently weighed in on the stock. B. Riley downgraded shares of Infinera from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. StockNews.com upgraded Infinera from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Finally, Rosenblatt Securities restated a "neutral" rating and set a $6.65 price target on shares of Infinera in a report on Wednesday, November 6th.

Infinera Trading Up 0.2 %

Shares of NASDAQ:INFN traded up $0.01 during midday trading on Tuesday, reaching $6.60. 441,047 shares of the company's stock were exchanged, compared to its average volume of 597,781. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -13.75 and a beta of 1.64. Infinera has a fifty-two week low of $4.41 and a fifty-two week high of $6.92. The firm's 50 day simple moving average is $6.61 and its two-hundred day simple moving average is $6.43. 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 (NASDAQ:INFN - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The communications equipment provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. The company had revenue of $354.40 million during the quarter, compared to analyst estimates of $401.96 million. As a group, sell-side analysts forecast that Infinera will post -0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Infinera

Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in Infinera in the third quarter valued at $40,000. EverSource Wealth Advisors LLC purchased a new position in Infinera during the 2nd quarter worth approximately $104,000. Headlands Technologies LLC acquired a new position in Infinera during the second quarter worth approximately $112,000. Algert Global LLC purchased a new stake in Infinera in the second quarter valued at approximately $128,000. Finally, Palumbo Wealth Management LLC boosted its holdings in shares of Infinera by 8.4% in the third quarter. Palumbo Wealth Management LLC now owns 23,954 shares of the communications equipment provider's stock valued at $162,000 after acquiring an additional 1,850 shares during the period. 97.54% of the stock is currently owned by hedge funds and other 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.