Infinera’s (INFN) Hold Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Infinera (NASDAQ:INFN) in a research report released on Friday morning, Marketbeat.com reports.

A number of other equities analysts also recently commented on INFN. Stifel Nicolaus reissued a buy rating and set a $7.00 price objective on shares of Infinera in a research report on Wednesday, May 15th. B. Riley reaffirmed a buy rating and issued a $9.00 target price on shares of Infinera in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $7.73.

Infinera Stock Up 15.8 %

Infinera stock opened at $6.09 on Friday. Infinera has a 52-week low of $2.82 and a 52-week high of $6.62. The company has a current ratio of 1.65, a quick ratio of 0.97 and a debt-to-equity ratio of 4.08. The company’s 50 day moving average is $5.28 and its two-hundred day moving average is $5.12.

Infinera (NASDAQ:INFN) last announced its quarterly earnings data on Tuesday, May 14th. The communications equipment provider reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.07). Infinera had a negative net margin of 5.11% and a negative return on equity of 27.68%. The company had revenue of $306.92 million during the quarter, compared to analyst estimates of $337.73 million. Research analysts predict that Infinera will post -0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Infinera

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SageView Advisory Group LLC purchased a new position in Infinera in the first quarter valued at approximately $39,000. Partners Capital Investment Group LLP purchased a new stake in shares of Infinera during the 4th quarter worth approximately $48,000. Worth Venture Partners LLC acquired a new position in shares of Infinera in the 4th quarter valued at $53,000. Ironwood Investment Counsel LLC purchased a new position in shares of Infinera in the 4th quarter valued at $56,000. Finally, SG Americas Securities LLC acquired a new stake in Infinera during the 4th quarter worth $81,000. Institutional investors and hedge funds own 97.54% of the company’s stock.

Infinera Company Profile

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.