Brokerages expect Infinera Corporation (NASDAQ:INFN) to post sales of $190.89 million for the current quarter, according to Zacks. Seven analysts have issued estimates for Infinera’s earnings, with the highest sales estimate coming in at $196.01 million and the lowest estimate coming in at $187.80 million. Infinera reported sales of $181.04 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Infinera will report full-year sales of $190.89 million for the current year, with estimates ranging from $732.70 million to $739.90 million. For the next year, analysts expect that the firm will report sales of $802.05 million per share, with estimates ranging from $774.20 million to $851.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Infinera.

Infinera (NASDAQ:INFN) last announced its quarterly earnings data on Wednesday, November 8th. The communications equipment provider reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.12. Infinera had a negative net margin of 21.59% and a negative return on equity of 16.35%. The business had revenue of $192.60 million during the quarter, compared to analyst estimates of $190.37 million. During the same period last year, the firm posted ($0.15) EPS. The company’s revenue was up 3.8% on a year-over-year basis.

INFN has been the subject of a number of research analyst reports. Deutsche Bank cut their price objective on shares of Infinera from $12.50 to $12.00 and set a “buy” rating for the company in a report on Monday, August 7th. Zacks Investment Research raised shares of Infinera from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub lowered shares of Infinera from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. B. Riley reaffirmed a “buy” rating and set a $14.00 price objective on shares of Infinera in a report on Wednesday, August 9th. Finally, Needham & Company LLC reissued a “strong-buy” rating and issued a $13.00 target price (down from $14.50) on shares of Infinera in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.96.

In other news, CEO Thomas J. Fallon acquired 100,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $6.33 per share, with a total value of $633,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President David F. Welch sold 20,000 shares of Infinera stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $9.02, for a total transaction of $180,400.00. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE lifted its position in shares of Infinera by 13.7% during the second quarter. US Bancorp DE now owns 9,843 shares of the communications equipment provider’s stock worth $105,000 after purchasing an additional 1,186 shares during the last quarter. Fred Alger Management Inc. bought a new stake in shares of Infinera during the second quarter worth $107,000. AlphaOne Investment Services LLC bought a new stake in shares of Infinera during the second quarter worth $108,000. Summit Securities Group LLC bought a new stake in shares of Infinera during the second quarter worth $109,000. Finally, Teacher Retirement System of Texas lifted its position in shares of Infinera by 3.6% during the second quarter. Teacher Retirement System of Texas now owns 11,858 shares of the communications equipment provider’s stock worth $127,000 after purchasing an additional 409 shares during the last quarter. 90.72% of the stock is owned by institutional investors.

Shares of Infinera (NASDAQ:INFN) traded down $0.19 on Monday, reaching $7.05. 1,208,400 shares of the company’s stock were exchanged, compared to its average volume of 1,911,838. Infinera has a twelve month low of $6.27 and a twelve month high of $12.50.

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Infinera 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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Earnings History and Estimates for Infinera (NASDAQ:INFN)

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