Shares of Infinera Co. (NASDAQ:INFN – Get Free Report) have been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $7.09.
Separately, StockNews.com initiated coverage on Infinera in a report on Wednesday. They set a “hold” rating on the stock.
Read Our Latest Research Report on Infinera
Institutional Inflows and Outflows
Infinera Price Performance
Infinera stock opened at $6.64 on Wednesday. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -13.83 and a beta of 1.63. Infinera has a fifty-two week low of $4.41 and a fifty-two week high of $6.92. The stock’s fifty day moving average is $6.63 and its two-hundred day moving average is $6.62. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.97 and a current ratio of 1.58.
Infinera (NASDAQ:INFN – Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.15). Infinera had a negative net margin of 7.62% and a negative return on equity of 45.12%. The business had revenue of $414.39 million during the quarter, compared to analysts’ expectations of $409.08 million. Analysts predict that Infinera will post -0.33 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.
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