Somewhat Positive Media Coverage Somewhat Unlikely to Affect Infinera Corporation (INFN) Stock Price
News stories about Infinera Corporation (NASDAQ:INFN) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of 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 0.17 on Accern’s scale. Accern also gave news headlines about the communications equipment provider an impact score of 46.4454125513266 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Critical Comparison: ARRIS International PLC (ARRS) vs. Infinera Corporation (INFN) (americanbankingnews.com)
- Infinera Corporation (INFN) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Infinera : and Seaborn Set Subsea Industry Benchmark for Capacity-Reach with XTS-3300 on Seabras-1 (4-traders.com)
- Infinera and Seaborn Set Subsea Industry Benchmark for Capacity-Reach with XTS-3300 on Seabras-1 (finance.yahoo.com)
- $190.85 Million in Sales Expected for Infinera Corporation (INFN) This Quarter (americanbankingnews.com)
Several equities research analysts have recently commented on the stock. B. Riley upgraded shares of Infinera Corporation to a “buy” rating and set a $14.00 price objective for the company in a research note on Tuesday, June 27th. BidaskClub downgraded shares of Infinera Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 6th. Citigroup Inc. lifted their price objective on shares of Infinera Corporation from $8.50 to $10.00 and gave the stock a “sell” rating in a research note on Friday, July 21st. MKM Partners reiterated a “buy” rating and set a $14.00 price objective on shares of Infinera Corporation in a research note on Friday, July 21st. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Infinera Corporation in a research note on Monday, July 10th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.82.
Infinera Corporation (INFN) traded up 0.48% on Friday, reaching $8.45. 833,680 shares of the company were exchanged. The stock has a 50-day moving average price of $8.84 and a 200 day moving average price of $10.10. The stock’s market capitalization is $1.25 billion. Infinera Corporation has a 52 week low of $7.23 and a 52 week high of $12.50.
Infinera Corporation (NASDAQ:INFN) last announced its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.01). Infinera Corporation had a negative net margin of 18.18% and a negative return on equity of 12.39%. The company had revenue of $176.28 million during the quarter, compared to analyst estimates of $181.16 million. During the same quarter last year, the business earned $0.21 EPS. The firm’s revenue for the quarter was down 31.9% on a year-over-year basis. Analysts forecast that Infinera Corporation will post ($0.56) earnings per share for the current year.
In related news, President David F. Welch sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $9.29, for a total value of $185,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President David F. Welch sold 5,000 shares of the firm’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 disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.
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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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