Janus Henderson Group PLC Grows Holdings in Infinera Co. (NASDAQ:INFN)

Janus Henderson Group PLC grew its holdings in shares of Infinera Co. (NASDAQ:INFN - Free Report) by 332.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 350,520 shares of the communications equipment provider's stock after buying an additional 269,372 shares during the period. Janus Henderson Group PLC owned 0.15% of Infinera worth $2,364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quantbot Technologies LP purchased a new position in shares of Infinera during the 3rd quarter worth approximately $40,000. EverSource Wealth Advisors LLC purchased a new stake in Infinera in the second quarter worth $104,000. Headlands Technologies LLC bought a new position in Infinera in the second quarter worth $112,000. Algert Global LLC purchased a new position in Infinera during the second quarter valued at $128,000. Finally, Palumbo Wealth Management LLC boosted its holdings in shares of Infinera by 8.4% during the 3rd quarter. Palumbo Wealth Management LLC now owns 23,954 shares of the communications equipment provider's stock valued at $162,000 after buying an additional 1,850 shares in the last quarter. Institutional investors own 97.54% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on INFN. StockNews.com upgraded shares of Infinera from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. B. Riley downgraded shares of Infinera from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $6.65 price target on shares of Infinera in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $7.09.

Infinera Stock Up 0.2 %

Shares of INFN traded up $0.01 on Friday, hitting $6.59. 955,854 shares of the stock traded hands, compared to its average volume of 4,619,000. The company has a market capitalization of $1.56 billion, a PE ratio of -13.73 and a beta of 1.67. Infinera Co. has a one year low of $4.18 and a one year high of $6.92. 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 50 day simple moving average of $6.67 and a 200 day simple moving average of $6.23.

Infinera (NASDAQ:INFN - Get Free Report) last posted its earnings results on Tuesday, November 5th. The communications equipment provider reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.07). The business 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, equities analysts forecast that Infinera Co. will post -0.25 earnings per share for the current fiscal 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.