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

StockNews.com started coverage on shares of Infinera (NASDAQ:INFN) in a report issued on Thursday. The firm issued a hold rating on the communications equipment provider’s stock.

Infinera Price Performance

NASDAQ:INFN opened at $6.64 on Thursday. The firm’s 50 day simple moving average is $6.63 and its 200 day simple moving average is $6.63. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.58 and a quick ratio of 0.97. Infinera has a one year low of $4.49 and a one year high of $6.92. The company has a market cap of $1.57 billion, a PE ratio of -13.83 and a beta of 1.63.

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 analyst estimates of $409.08 million. On average, research analysts anticipate that Infinera will post -0.33 earnings per share for the current year.

Institutional Investors Weigh In On Infinera

Hedge funds have recently added to or reduced their stakes in the business. Vestcor Inc acquired a new stake in Infinera during the 4th quarter worth approximately $34,000. Quantbot Technologies LP acquired a new position in shares of Infinera in the 3rd quarter worth approximately $40,000. LPL Financial LLC acquired a new position in shares of Infinera in the 4th quarter worth approximately $70,000. Wealthfront Advisers LLC acquired a new position in shares of Infinera in the 4th quarter worth approximately $76,000. Finally, Cibc World Markets Corp acquired a new position in shares of Infinera in the 4th quarter worth approximately $124,000. 97.54% of the stock is currently 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.