Shares of Infinera Co. (NASDAQ:INFN – Get Free Report) gapped up before the market opened on Friday after Morgan Stanley raised their price target on the stock from $5.40 to $6.65. The stock had previously closed at $5.26, but opened at $6.22. Morgan Stanley currently has an equal weight rating on the stock. Infinera shares last traded at $6.25, with a volume of 6,443,231 shares traded.
A number of other analysts have also recently weighed in on the stock. B. Riley reissued a “buy” rating and set a $9.00 target price on shares of Infinera in a report on Wednesday, May 15th. Stifel Nicolaus reissued a “buy” rating and issued a $7.00 target price on shares of Infinera in a report on Wednesday, May 15th. Finally, Needham & Company LLC restated a “hold” rating on shares of Infinera in a research note on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.73.
Read Our Latest Analysis on INFN
Institutional Trading of Infinera
Infinera Stock Up 15.8 %
The company has a market cap of $1.43 billion, a price-to-earnings ratio of -17.91 and a beta of 1.58. The stock has a 50-day simple moving average of $5.28 and a 200-day simple moving average of $5.12. The company has a current ratio of 1.65, a quick ratio of 0.97 and a debt-to-equity ratio of 4.08.
Infinera (NASDAQ:INFN – Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The communications equipment provider reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.07). The company had revenue of $306.92 million for the quarter, compared to the consensus estimate of $337.73 million. Infinera had a negative net margin of 5.11% and a negative return on equity of 27.68%. As a group, analysts predict that Infinera Co. will post -0.19 EPS for the current 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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