Infinera Corp. (NASDAQ:INFN)‘s stock had its “strong-buy” rating reaffirmed by stock analysts at Needham & Company LLC in a report issued on Sunday. They currently have a $12.50 target price on the stock. Needham & Company LLC’s target price indicates a potential upside of 52.25% from the stock’s previous close.

Other research analysts also recently issued reports about the company. B. Riley downgraded Infinera Corp. from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $10.50 in a research note on Thursday, July 28th. Jefferies Group downgraded Infinera Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Citigroup Inc. downgraded Infinera Corp. to a “market perform” rating and dropped their price target for the stock from $13.00 to $10.00 in a research note on Thursday, July 28th. Raymond James Financial Inc. downgraded Infinera Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 28th. Finally, JPMorgan Chase & Co. downgraded Infinera Corp. from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $19.00 to $8.50 in a research note on Thursday, July 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $13.54.

Analyst Recommendations for Infinera Corp. (NASDAQ:INFN)

Infinera Corp. (NASDAQ:INFN) traded down 0.24% during mid-day trading on Friday, reaching $8.21. The company had a trading volume of 2,243,849 shares. The company’s 50-day moving average is $8.55 and its 200-day moving average is $10.16. The stock has a market capitalization of $1.19 billion, a PE ratio of 48.01 and a beta of 1.49. Infinera Corp. has a one year low of $7.23 and a one year high of $22.85.

Infinera Corp. (NASDAQ:INFN) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. Infinera Corp. had a return on equity of 7.91% and a net margin of 2.63%. The business had revenue of $185.45 million for the quarter, compared to the consensus estimate of $185.50 million. During the same period in the prior year, the business earned $0.22 EPS. The firm’s revenue for the quarter was down 20.2% on a year-over-year basis. Equities research analysts anticipate that Infinera Corp. will post $0.33 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Infinera Corp. by 1.8% in the second quarter. Vanguard Group Inc. now owns 10,197,594 shares of the company’s stock valued at $115,028,000 after buying an additional 182,205 shares during the period. Alliancebernstein L.P. raised its position in Infinera Corp. by 1,680.3% in the second quarter. Alliancebernstein L.P. now owns 4,176,127 shares of the company’s stock worth $47,107,000 after buying an additional 3,941,556 shares during the last quarter. BlackRock Fund Advisors raised its position in Infinera Corp. by 5.6% in the second quarter. BlackRock Fund Advisors now owns 3,982,671 shares of the company’s stock worth $44,925,000 after buying an additional 212,809 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Infinera Corp. by 6.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,731,990 shares of the company’s stock worth $33,700,000 after buying an additional 239,946 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in Infinera Corp. by 50.7% in the third quarter. Neuberger Berman Group LLC now owns 3,334,750 shares of the company’s stock worth $30,113,000 after buying an additional 1,121,631 shares during the last quarter. 68.20% of the stock is owned by institutional investors and hedge funds.

About Infinera Corp.

Infinera Corporation is a provider of optical transport networking systems to service providers. The Company operates through optical transport networking systems segment. The Company serves Tier 1 and Tier 2 telecommunications service providers, Internet content providers, cable operators, wholesale and enterprise carriers, research and education institutions and government entities around the world.

5 Day Chart for NASDAQ:INFN

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