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

StockNews.com assumed coverage on shares of Infinera (NASDAQ:INFN) in a research note released on Wednesday. The firm issued a hold rating on the communications equipment provider’s stock.

Infinera Price Performance

INFN stock opened at $6.64 on Wednesday. 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 stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -13.83 and a beta of 1.63. The business’s fifty day moving average price is $6.62 and its two-hundred day moving average price is $6.61. Infinera has a fifty-two week low of $4.41 and a fifty-two week high of $6.92.

Infinera (NASDAQ:INFN) last issued 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). Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. The company had revenue of $414.39 million during the quarter, compared to the consensus estimate of $409.08 million. On average, equities analysts anticipate that Infinera will post -0.33 earnings per share for the current year.

Institutional Trading of Infinera

Several large investors have recently bought and sold shares of the business. Vestcor Inc acquired a new stake in shares of Infinera during the fourth quarter valued at about $34,000. Quantbot Technologies LP bought a new position in shares of Infinera during the third quarter worth about $40,000. LPL Financial LLC bought a new position in shares of Infinera during the fourth quarter worth about $70,000. Wealthfront Advisers LLC bought a new stake in Infinera in the fourth quarter worth approximately $76,000. Finally, Cibc World Markets Corp bought a new stake in Infinera in the fourth quarter worth approximately $124,000. 97.54% of the stock is owned by institutional investors and hedge funds.

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.