Infinera Co. (NASDAQ:INFN) Given Average Recommendation of “Hold” by Analysts

Shares of Infinera Co. (NASDAQ:INFN) have been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $7.09.

Separately, StockNews.com initiated coverage on Infinera in a research note on Sunday. They set a “hold” rating for the company.

Infinera Stock Performance

Infinera stock opened at $6.64 on Friday. Infinera has a one year low of $4.49 and a one year high of $6.92. The business’s fifty day moving average is $6.64 and its 200 day moving average is $6.65. 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 PE ratio of -13.83 and a beta of 1.63.

Infinera (NASDAQ:INFN) last issued its quarterly earnings data on Thursday, March 6th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15). The company had revenue of $414.39 million for the quarter, compared to the consensus estimate of $409.08 million. Infinera had a negative net margin of 7.62% and a negative return on equity of 45.12%. On average, sell-side analysts predict that Infinera will post -0.33 EPS for the current year.

Institutional Investors Weigh In On Infinera

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INFN. Wellington Management Group LLP increased its stake in shares of Infinera by 2.0% in the fourth quarter. Wellington Management Group LLP now owns 2,690,238 shares of the communications equipment provider’s stock worth $17,675,000 after purchasing an additional 52,381 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Infinera by 56.4% in the fourth quarter. Mackenzie Financial Corp now owns 23,485 shares of the communications equipment provider’s stock worth $154,000 after acquiring an additional 8,466 shares during the period. Toronto Dominion Bank bought a new stake in Infinera during the 4th quarter valued at approximately $4,862,000. Squarepoint Ops LLC lifted its holdings in Infinera by 9.2% in the 4th quarter. Squarepoint Ops LLC now owns 1,500,000 shares of the communications equipment provider’s stock worth $9,855,000 after purchasing an additional 126,527 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in Infinera by 77.8% during the 4th quarter. Tidal Investments LLC now owns 229,200 shares of the communications equipment provider’s stock valued at $1,506,000 after buying an additional 100,317 shares in the last quarter. 97.54% of the stock is owned by hedge funds and other institutional investors.

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.