Infinera (INFN) to Release Quarterly Earnings on Thursday

Infinera (NASDAQ:INFN) is expected to be announcing its earnings results after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $0.13 per share and revenue of $409.08 million for the quarter.

Infinera Stock Down 0.2 %

INFN opened at $6.65 on Thursday. The company has a market cap of $1.57 billion, a P/E ratio of -13.85 and a beta of 1.63. The business’s 50-day moving average price is $6.61 and its 200-day moving average price is $6.56. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 4.98. Infinera has a 12 month low of $4.41 and a 12 month high of $6.92.

Analyst Ratings Changes

Several analysts have weighed in on INFN shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $6.65 price objective on shares of Infinera in a research report on Wednesday, November 6th. B. Riley cut Infinera from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, StockNews.com raised Infinera from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.09.

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.