Infinera (NASDAQ:INFN) Now Covered by StockNews.com

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

Infinera Price Performance

Shares of INFN opened at $6.64 on Monday. The stock has a market cap of $1.57 billion, a P/E ratio of -13.83 and a beta of 1.63. The business’s fifty day moving average is $6.64 and its 200 day moving average is $6.64. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 4.98. Infinera has a 12-month low of $4.64 and a 12-month high of $6.92.

Infinera (NASDAQ:INFN) last posted its earnings results on Thursday, March 6th. The communications equipment provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.15). Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. The business had revenue of $414.39 million for the quarter, compared to the consensus estimate of $409.08 million. Sell-side analysts anticipate that Infinera will post -0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Infinera

Institutional investors have recently bought and sold shares of the stock. Vestcor Inc bought a new stake in shares of Infinera in the 4th quarter worth $34,000. LPL Financial LLC purchased a new position in Infinera during the fourth quarter worth about $70,000. Wealthfront Advisers LLC bought a new stake in Infinera in the 4th quarter worth about $76,000. Cibc World Markets Corp purchased a new stake in Infinera in the 4th quarter valued at about $124,000. Finally, Gotham Asset Management LLC bought a new position in shares of Infinera during the 4th quarter worth approximately $137,000. Institutional investors 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.