SG Americas Securities LLC Invests $81,000 in Infinera Co. (NASDAQ:INFN)

SG Americas Securities LLC bought a new position in shares of Infinera Co. (NASDAQ:INFN) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 16,978 shares of the communications equipment provider’s stock, valued at approximately $81,000.

Other institutional investors have also made changes to their positions in the company. Clear Street Markets LLC bought a new stake in shares of Infinera in the first quarter worth $39,000. Tower Research Capital LLC TRC increased its stake in shares of Infinera by 85.4% in the first quarter. Tower Research Capital LLC TRC now owns 5,291 shares of the communications equipment provider’s stock worth $41,000 after buying an additional 2,437 shares during the last quarter. Quarry LP bought a new stake in shares of Infinera in the first quarter worth $73,000. Shay Capital LLC bought a new stake in shares of Infinera in the first quarter worth $87,000. Finally, Stephens Inc. AR bought a new stake in shares of Infinera in the second quarter worth $49,000. 97.54% of the stock is owned by institutional investors and hedge funds.

Infinera Stock Up 1.3 %

Infinera stock opened at $4.72 on Friday. The company has a 50-day simple moving average of $5.16 and a 200-day simple moving average of $4.58. The firm has a market capitalization of $1.09 billion, a P/E ratio of -157.33 and a beta of 1.58. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.95 and a current ratio of 1.69. Infinera Co. has a one year low of $2.82 and a one year high of $6.62.

Infinera (NASDAQ:INFN) last posted its quarterly earnings data 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 negative net margin of 0.28% and a positive return on equity of 1.73%. As a group, equities analysts expect that Infinera Co. will post -0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and issued a $7.00 price target on shares of Infinera in a research note on Monday, April 1st. Needham & Company LLC reiterated a “strong-buy” rating and set a $10.00 target price on shares of Infinera in a research note on Thursday, March 7th. StockNews.com lowered shares of Infinera from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Finally, B. Riley reiterated a “buy” rating and set a $7.50 target price on shares of Infinera in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Infinera presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.85.

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.