Shares of Infinera Co. (NASDAQ:INFN – Get Free Report) have received an average rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $7.09.
Separately, StockNews.com initiated coverage on shares of Infinera in a research note on Wednesday, March 12th. They issued a “hold” rating for the company.
Read Our Latest Stock Analysis on INFN
Institutional Trading of Infinera
Infinera Stock Performance
Shares of INFN stock opened at $6.64 on Wednesday. The stock has a market cap of $1.57 billion, a P/E ratio of -13.83 and a beta of 1.63. 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 fifty day moving average price of $6.63 and a two-hundred day moving average price of $6.62. Infinera has a one year low of $4.46 and a one year high of $6.92.
Infinera (NASDAQ:INFN – Get Free Report) last announced its quarterly 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). The firm had revenue of $414.39 million during the quarter, compared to analyst estimates of $409.08 million. Infinera had a negative net margin of 7.62% and a negative return on equity of 45.12%. As a group, equities analysts predict that Infinera will post -0.33 EPS for the current 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.
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