Infinera Co. (NASDAQ:INFN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Infinera Co. (NASDAQ:INFN) have received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $6.85.

Several research firms have commented on INFN. Stifel Nicolaus reaffirmed a “buy” rating and issued a $7.00 target price on shares of Infinera in a research note on Monday, April 1st. Needham & Company LLC reaffirmed a “strong-buy” rating and set a $10.00 price objective on shares of Infinera in a research note on Thursday, March 7th. B. Riley reissued a “buy” rating and issued a $7.50 target price on shares of Infinera in a research report on Thursday, March 7th. Finally, StockNews.com lowered shares of Infinera from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd.

Institutional Investors Weigh In On Infinera

Several institutional investors have recently bought and sold shares of INFN. Vanguard Group Inc. lifted its stake in shares of Infinera by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 24,750,346 shares of the communications equipment provider’s stock worth $117,564,000 after acquiring an additional 469,315 shares in the last quarter. Wellington Wealth Strategies LLC. purchased a new position in shares of Infinera during the 4th quarter valued at approximately $190,000. Price T Rowe Associates Inc. MD grew its position in shares of Infinera by 11.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 141,707 shares of the communications equipment provider’s stock worth $674,000 after buying an additional 14,437 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Infinera by 3.0% in the fourth quarter. GSA Capital Partners LLP now owns 127,823 shares of the communications equipment provider’s stock worth $607,000 after buying an additional 3,757 shares during the last quarter. Finally, Barclays PLC raised its holdings in Infinera by 285.3% in the fourth quarter. Barclays PLC now owns 319,101 shares of the communications equipment provider’s stock valued at $1,516,000 after acquiring an additional 236,291 shares in the last quarter. 97.54% of the stock is currently owned by hedge funds and other institutional investors.

Infinera Stock Down 2.5 %

INFN opened at $4.66 on Friday. The firm has a market cap of $1.08 billion, a P/E ratio of -155.33 and a beta of 1.58. The business’s fifty day simple moving average is $5.18 and its 200 day simple moving average is $4.57. Infinera has a 52 week low of $2.82 and a 52 week high of $6.62. The company has a quick ratio of 0.95, a current ratio of 1.69 and a debt-to-equity ratio of 3.63.

Infinera (NASDAQ:INFN) last released its quarterly earnings results on Thursday, February 29th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $392.37 million for the quarter. Infinera had a negative net margin of 0.28% and a positive return on equity of 1.73%. As a group, equities research analysts anticipate that Infinera will post -0.06 EPS for the current fiscal year.

About Infinera

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.