-$0.04 Earnings Per Share Expected for Infinera Co. (NASDAQ:INFN) This Quarter

Wall Street analysts expect Infinera Co. (NASDAQ:INFNGet Rating) to report earnings per share of ($0.04) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Infinera’s earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.05). Infinera posted earnings of ($0.03) per share in the same quarter last year, which would suggest a negative year over year growth rate of 33.3%. The business is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Infinera will report full year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from $0.09 to $0.20. For the next fiscal year, analysts anticipate that the company will post earnings of $0.46 per share, with EPS estimates ranging from $0.35 to $0.58. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Infinera.

Infinera (NASDAQ:INFNGet Rating) last posted its quarterly earnings results on Wednesday, February 16th. The communications equipment provider reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. Infinera had a negative net margin of 11.98% and a negative return on equity of 16.77%. The company had revenue of $400.26 million during the quarter, compared to analysts’ expectations of $386.17 million. During the same quarter in the previous year, the business posted $0.08 EPS. The firm’s revenue was up 13.2% on a year-over-year basis.

Several research firms have commented on INFN. Loop Capital began coverage on shares of Infinera in a report on Monday, February 14th. They set a “hold” rating and a $9.00 price target for the company. StockNews.com began coverage on shares of Infinera in a report on Thursday, March 31st. They set a “hold” rating for the company. B. Riley upped their target price on shares of Infinera from $11.50 to $12.50 in a report on Thursday, February 17th. Zacks Investment Research upgraded shares of Infinera from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a report on Wednesday. Finally, Rosenblatt Securities began coverage on shares of Infinera in a report on Wednesday, March 23rd. They issued a “buy” rating and a $12.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Infinera currently has an average rating of “Hold” and an average price target of $10.22.

NASDAQ INFN traded up $0.02 on Wednesday, hitting $7.78. 830,407 shares of the stock were exchanged, compared to its average volume of 2,158,234. The company has a quick ratio of 1.14, a current ratio of 1.62 and a debt-to-equity ratio of 1.47. Infinera has a fifty-two week low of $7.22 and a fifty-two week high of $10.89. The company has a market cap of $1.66 billion, a PE ratio of -9.37 and a beta of 1.01. The company has a 50-day moving average price of $8.40 and a 200-day moving average price of $8.49.

In related news, Director David F. Welch sold 150,000 shares of the stock in a transaction on Thursday, February 24th. The shares were sold at an average price of $9.05, for a total transaction of $1,357,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Nicholas Walden sold 4,882 shares of the stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $9.08, for a total transaction of $44,328.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 354,882 shares of company stock valued at $3,229,829. 1.19% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Shapiro Capital Management LLC purchased a new position in Infinera during the 3rd quarter worth $87,428,000. Geode Capital Management LLC raised its position in Infinera by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 3,401,332 shares of the communications equipment provider’s stock worth $32,618,000 after buying an additional 54,552 shares during the last quarter. Victory Capital Management Inc. raised its position in Infinera by 6.8% during the 4th quarter. Victory Capital Management Inc. now owns 2,959,397 shares of the communications equipment provider’s stock worth $28,380,000 after buying an additional 189,327 shares during the last quarter. Paradigm Capital Management Inc. NY raised its position in Infinera by 15.4% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 2,144,000 shares of the communications equipment provider’s stock worth $20,560,000 after buying an additional 286,600 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Infinera during the 4th quarter worth $15,747,000. Institutional investors own 91.65% of the company’s stock.

About Infinera (Get Rating)

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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