Infinera (NASDAQ:INFN - Get Free Report) issued its quarterly earnings data on Thursday. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $414.39 million for the quarter, compared to the consensus estimate of $409.08 million.
Infinera Price Performance
Shares of INFN stock remained flat at $6.64 on Tuesday. The company has a 50 day moving average of $6.62 and a two-hundred day moving average of $6.59. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.58 and a quick ratio of 0.97. The company has a market cap of $1.57 billion, a P/E ratio of -13.83 and a beta of 1.63. Infinera has a 52 week low of $4.41 and a 52 week high of $6.92.
Wall Street Analyst Weigh In
INFN has been the topic of several analyst reports. Rosenblatt Securities reissued a "neutral" rating and set a $6.65 price objective on shares of Infinera in a research note on Wednesday, November 6th. StockNews.com upgraded Infinera from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Finally, B. Riley downgraded Infinera from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $7.09.
View Our Latest Report on INFN
About Infinera
(
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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.
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