Infinera Co. (NASDAQ:INFN) Receives $6.85 Average PT from Analysts

Infinera Co. (NASDAQ:INFN) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $6.85.

Several research analysts recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $7.00 price target on shares of Infinera in a research report on Monday, April 1st. B. Riley restated a “buy” rating and set a $7.50 target price on shares of Infinera in a research report on Thursday, March 7th. Needham & Company LLC reiterated a “strong-buy” rating and issued a $10.00 price target on shares of Infinera in a research report on Thursday, March 7th. Finally, StockNews.com lowered Infinera from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd.

Infinera Stock Down 2.5 %

Infinera stock opened at $4.66 on Friday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -155.33 and a beta of 1.58. The firm has a fifty day moving average price of $5.18 and a two-hundred day moving average price of $4.57. Infinera has a fifty-two week low of $2.82 and a fifty-two week high of $6.62. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.69 and a quick ratio of 0.95.

Infinera (NASDAQ:INFN) last issued its quarterly earnings results on Thursday, February 29th. The communications equipment provider reported $0.02 EPS for the quarter. Infinera had a positive return on equity of 1.73% and a negative net margin of 0.28%. The company had revenue of $392.37 million during the quarter. As a group, analysts forecast that Infinera will post -0.06 earnings per share for the current year.

Institutional Trading of Infinera

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Clear Street Markets LLC acquired a new stake in Infinera in the 1st quarter valued at approximately $39,000. Tower Research Capital LLC TRC boosted its holdings in Infinera by 85.4% during the first quarter. Tower Research Capital LLC TRC now owns 5,291 shares of the communications equipment provider’s stock worth $41,000 after purchasing an additional 2,437 shares during the last quarter. US Bancorp DE grew its position in Infinera by 186.8% in the fourth quarter. US Bancorp DE now owns 9,681 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 6,306 shares in the last quarter. Partners Capital Investment Group LLP acquired a new stake in shares of Infinera in the fourth quarter valued at about $48,000. Finally, Stephens Inc. AR bought a new stake in Infinera during the second quarter worth about $49,000. 97.54% of the stock is owned by 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.