StockNews.com Begins Coverage on Infinera (NASDAQ:INFN)

Investment analysts at StockNews.com began coverage on shares of Infinera (NASDAQ:INFN) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the communications equipment provider’s stock.

Infinera Stock Performance

Shares of Infinera stock opened at $6.64 on Wednesday. Infinera has a one year low of $4.41 and a one year high of $6.92. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -13.83 and a beta of 1.63. The business has a 50-day simple moving average of $6.62 and a 200 day simple moving average of $6.61. 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 (NASDAQ:INFN) last issued its earnings results on Thursday, March 6th. The communications equipment provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15). Infinera had a negative net margin of 7.62% and a negative return on equity of 45.12%. The firm had revenue of $414.39 million during the quarter, compared to the consensus estimate of $409.08 million. On average, research analysts anticipate that Infinera will post -0.33 earnings per share for the current fiscal year.

Institutional Trading of Infinera

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INFN. Vestcor Inc bought a new stake in Infinera in the 4th quarter valued at about $34,000. Quantbot Technologies LP acquired a new position in Infinera during the 3rd quarter valued at about $40,000. LPL Financial LLC acquired a new position in Infinera during the 4th quarter valued at about $70,000. Wealthfront Advisers LLC acquired a new position in Infinera during the 4th quarter valued at about $76,000. Finally, Cibc World Markets Corp acquired a new position in Infinera during the 4th quarter valued at about $124,000. 97.54% of the stock is owned by institutional investors.

About Infinera

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.