Infinera (NASDAQ:INFN) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Infinera (NASDAQ:INFN) in a research report report published on Saturday morning. The firm issued a hold rating on the communications equipment provider’s stock.

Infinera Stock Performance

Shares of NASDAQ:INFN opened at $6.64 on Friday. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -13.83 and a beta of 1.63. The firm’s 50 day simple moving average is $6.64 and its 200 day simple moving average is $6.65. 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 has a fifty-two week low of $4.49 and a fifty-two week high of $6.92.

Infinera (NASDAQ:INFN) last announced its quarterly earnings results on Thursday, March 6th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15). Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. The firm had revenue of $414.39 million for the quarter, compared to the consensus estimate of $409.08 million. As a group, sell-side analysts forecast that Infinera will post -0.33 earnings per share for the current year.

Hedge Funds Weigh In On Infinera

Several institutional investors have recently modified their holdings of the business. Vestcor Inc bought a new stake in shares of Infinera during the fourth quarter worth $34,000. Quantbot Technologies LP bought a new position in Infinera during the 3rd quarter worth about $40,000. LPL Financial LLC acquired a new stake in shares of Infinera in the 4th quarter valued at about $70,000. Wealthfront Advisers LLC bought a new stake in shares of Infinera in the fourth quarter valued at about $76,000. Finally, Cibc World Markets Corp acquired a new position in shares of Infinera during the fourth quarter worth about $124,000. Institutional investors own 97.54% of the company’s stock.

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.