Infinera Co. (NASDAQ:INFN) Short Interest Update

Infinera Co. (NASDAQ:INFN - Get Free Report) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 26,670,000 shares, a decrease of 5.1% from the December 31st total of 28,100,000 shares. Based on an average trading volume of 941,300 shares, the short-interest ratio is currently 28.3 days.

Wall Street Analysts Forecast Growth

INFN has been the subject of a number of research analyst reports. Rosenblatt Securities reiterated a "neutral" rating and set a $6.65 price target on shares of Infinera in a research report on Wednesday, November 6th. StockNews.com raised shares of Infinera from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, B. Riley lowered shares of Infinera from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Infinera presently has a consensus rating of "Hold" and a consensus target price of $7.09.

Institutional Investors Weigh In On Infinera

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INFN. Palumbo Wealth Management LLC boosted its stake in Infinera by 8.4% during the third quarter. Palumbo Wealth Management LLC now owns 23,954 shares of the communications equipment provider's stock worth $162,000 after acquiring an additional 1,850 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Infinera by 4.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 102,869 shares of the communications equipment provider's stock worth $626,000 after purchasing an additional 4,266 shares in the last quarter. Rhumbline Advisers increased its position in Infinera by 1.9% during the 4th quarter. Rhumbline Advisers now owns 292,741 shares of the communications equipment provider's stock valued at $1,923,000 after buying an additional 5,445 shares in the last quarter. Quantbot Technologies LP purchased a new position in Infinera during the third quarter valued at $40,000. Finally, Tidal Investments LLC boosted its holdings in Infinera by 4.9% in the third quarter. Tidal Investments LLC now owns 128,883 shares of the communications equipment provider's stock worth $870,000 after acquiring an additional 6,066 shares in the last quarter. 97.54% of the stock is owned by hedge funds and other institutional investors.

Infinera Trading Down 0.3 %

INFN stock traded down $0.02 on Friday, reaching $6.62. The company's stock had a trading volume of 566,958 shares, compared to its average volume of 508,342. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.97 and a current ratio of 1.58. The business has a fifty day simple moving average of $6.60 and a two-hundred day simple moving average of $6.47. The firm has a market cap of $1.57 billion, a PE ratio of -13.79 and a beta of 1.64. Infinera has a 12-month low of $4.41 and a 12-month high of $6.92.

Infinera (NASDAQ:INFN - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.07). The company had revenue of $354.40 million during the quarter, compared to the consensus estimate of $401.96 million. Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. As a group, research analysts forecast that Infinera will post -0.33 EPS 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.