Infinera Corporation (INFN) Getting Somewhat Positive Media Coverage, Analysis Finds
Media stories about Infinera Corporation (NASDAQ:INFN) have been trending somewhat positive on Sunday, Accern reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Infinera Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the communications equipment provider an impact score of 46.1499964838512 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Better Buy: Infinera Corporation vs. Ciena Corporation | Business … – Madison.com (host.madison.com)
- Seaborn Lights Seabras-1 Subsea Network to Offer Cloud Scale Services On Demand with Infinera XTS-3300 Meshponders (finance.yahoo.com)
- Technical Reports on Communication Equipment Equities — Ericsson, Infinera, Motorola Solutions, and Lumentum – Markets Insider (markets.businessinsider.com)
- What Analysts Have to Say About Infinera Corporation (INFN)? – ExpertGazette (expertgazette.com)
Infinera Corporation (NASDAQ:INFN) traded up 1.21% during midday trading on Friday, hitting $8.37. The company had a trading volume of 3,371,429 shares. Infinera Corporation has a 52 week low of $7.23 and a 52 week high of $12.50. The stock has a 50 day moving average price of $9.02 and a 200 day moving average price of $10.15. The company’s market capitalization is $1.24 billion.
Infinera Corporation (NASDAQ:INFN) last announced its earnings results on Thursday, August 3rd. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.01). The company had revenue of $176.28 million for the quarter, compared to the consensus estimate of $181.16 million. Infinera Corporation had a negative net margin of 18.18% and a negative return on equity of 12.39%. The firm’s revenue was down 31.9% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. Equities analysts forecast that Infinera Corporation will post ($0.56) earnings per share for the current fiscal year.
Several equities analysts recently issued reports on INFN shares. ValuEngine upgraded Infinera Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Wells Fargo & Company upgraded Infinera Corporation from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $10.00 to $13.00 in a research report on Friday, May 26th. Northland Securities set a $7.00 price target on Infinera Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 4th. BidaskClub upgraded Infinera Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th. Finally, Deutsche Bank AG cut their price objective on Infinera Corporation from $12.50 to $12.00 and set a “buy” rating on the stock in a research report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Infinera Corporation currently has a consensus rating of “Hold” and a consensus target price of $11.82.
In other Infinera Corporation news, President David F. Welch sold 40,000 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $12.09, for a total transaction of $483,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President David F. Welch sold 5,000 shares of the stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $12.00, for a total value of $60,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 65,000 shares of company stock worth $729,400 in the last ninety days. Insiders own 2.90% of the company’s stock.
About Infinera Corporation
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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