Infinera Co. (NASDAQ:INFN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Infinera Co. (NASDAQ:INFN) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $6.85.

Several brokerages have weighed in on INFN. B. Riley reaffirmed a “buy” rating and issued a $7.50 price objective on shares of Infinera in a report on Thursday, March 7th. Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $10.00 price objective on shares of Infinera in a report on Thursday, March 7th. StockNews.com cut Infinera from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Infinera in a report on Monday, April 1st.

Infinera Stock Performance

NASDAQ:INFN opened at $4.79 on Friday. The stock has a market cap of $1.11 billion, a P/E ratio of -159.67 and a beta of 1.58. The stock has a 50 day simple moving average of $5.22 and a 200 day simple moving average of $4.56. The company has a current ratio of 1.69, a quick ratio of 0.95 and a debt-to-equity ratio of 3.63. Infinera has a 1-year low of $2.82 and a 1-year high of $7.08.

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

Hedge Funds Weigh In On Infinera

A number of institutional investors have recently modified their holdings of the business. FMR LLC raised its holdings in shares of Infinera by 0.6% during the 3rd quarter. FMR LLC now owns 34,038,565 shares of the communications equipment provider’s stock worth $142,281,000 after buying an additional 196,237 shares in the last quarter. Vanguard Group Inc. grew its position in Infinera by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 24,750,346 shares of the communications equipment provider’s stock worth $117,564,000 after acquiring an additional 469,315 shares during the last quarter. Shapiro Capital Management LLC grew its position in Infinera by 1.5% during the 3rd quarter. Shapiro Capital Management LLC now owns 19,271,676 shares of the communications equipment provider’s stock worth $80,556,000 after acquiring an additional 293,787 shares during the last quarter. Brown Advisory Inc. grew its position in Infinera by 8.0% during the 4th quarter. Brown Advisory Inc. now owns 15,017,956 shares of the communications equipment provider’s stock worth $71,335,000 after acquiring an additional 1,108,567 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY grew its position in Infinera by 3.1% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 4,927,700 shares of the communications equipment provider’s stock worth $20,598,000 after acquiring an additional 149,400 shares during the last quarter. Institutional investors and hedge funds 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.