Greenbrier Partners Capital Management LLC Has $5,335,000 Stake in Infinera Corporation (INFN)
Greenbrier Partners Capital Management LLC continued to hold its position in shares of Infinera Corporation (NASDAQ:INFN) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 500,000 shares of the communications equipment provider’s stock at the end of the second quarter. Infinera Corporation accounts for 1.1% of Greenbrier Partners Capital Management LLC’s holdings, making the stock its 14th largest position. Greenbrier Partners Capital Management LLC owned about 0.34% of Infinera Corporation worth $5,335,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of INFN. Norges Bank bought a new stake in shares of Infinera Corporation during the fourth quarter worth $3,729,000. Teachers Advisors LLC raised its stake in shares of Infinera Corporation by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 232,239 shares of the communications equipment provider’s stock worth $1,972,000 after buying an additional 4,268 shares during the period. First National Bank of Omaha bought a new stake in shares of Infinera Corporation during the first quarter worth $104,000. Parametrica Management Ltd bought a new stake in shares of Infinera Corporation during the first quarter worth $154,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Infinera Corporation during the first quarter worth $265,000. 81.95% of the stock is currently owned by institutional investors and hedge funds.
Shares of Infinera Corporation (NASDAQ INFN) opened at 8.55 on Thursday. Infinera Corporation has a 12-month low of $7.23 and a 12-month high of $12.50. The stock’s market capitalization is $1.27 billion. The firm has a 50-day moving average of $10.77 and a 200 day moving average of $10.45.
Infinera Corporation (NASDAQ:INFN) last released its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by $0.01. The company had revenue of $176.28 million for the quarter, compared to analysts’ expectations of $181.16 million. Infinera Corporation had a negative return on equity of 12.39% and a negative net margin of 18.18%. The firm’s quarterly revenue was down 31.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. Equities analysts forecast that Infinera Corporation will post ($0.56) earnings per share for the current fiscal year.
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A number of equities research analysts have recently weighed in on INFN shares. BidaskClub raised shares of Infinera Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 12th. Craig Hallum started coverage on shares of Infinera Corporation in a report on Tuesday, July 18th. They set a “buy” rating and a $15.00 price objective on the stock. ValuEngine raised shares of Infinera Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Deutsche Bank AG dropped their price objective on shares of Infinera Corporation from $12.50 to $12.00 and set a “buy” rating on the stock in a report on Monday, August 7th. Finally, TheStreet lowered shares of Infinera Corporation from a “c-” rating to a “d+” rating in a report on Monday, May 15th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Infinera Corporation has an average rating of “Hold” and a consensus price target of $11.91.
In related news, President David F. Welch sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $12.00, for a total transaction of $60,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President David F. Welch sold 40,000 shares of the business’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $12.09, for a total transaction of $483,600.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,000 shares of company stock worth $729,400. 2.90% of the stock is owned by insiders.
Infinera Corporation Company Profile
Infinera Corporation provides optical transport networking equipment, software and services to telecommunications service providers, Internet content providers (ICPs), cable providers, wholesale and enterprise carriers, research and education institutions, enterprise customers and government entities across the globe.
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