Infinera Corp. (NASDAQ:INFN) released its earnings results on Wednesday. The company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. During the same period last year, the firm earned $0.18 EPS. The firm had revenue of $258.82 million for the quarter, compared to analyst estimates of $255.83 million. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year.
In other Infinera Corp. news, CFO Brad Feller purchased 25,000 shares of Infinera Corp. stock in a transaction dated Tuesday, May 3rd. The stock was acquired at an average cost of $11.75 per share, with a total value of $293,750.00. Following the acquisition, the chief financial officer now directly owns 86,628 shares of the company’s stock, valued at $1,017,879. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Thomas J. Fallon purchased 100,000 shares of Infinera Corp. stock in a transaction dated Tuesday, May 3rd. The stock was acquired at an average cost of $11.95 per share, with a total value of $1,195,000.00. The disclosure for this purchase can be found here.
Infinera Corp. (NASDAQ:INFN) traded down 1.65% during trading on Wednesday, reaching $12.51. The company’s stock had a trading volume of 5,621,608 shares. The company has a 50 day moving average price of $11.83 and a 200-day moving average price of $13.77. The company has a market capitalization of $1.77 billion and a PE ratio of 35.74. Infinera Corp. has a 52 week low of $10.11 and a 52 week high of $25.24.
Infinera Corporation is engaged in optical transport networking systems. The Company provides optical transport networking equipment, software and services to Tier 1 and Tier 2 telecommunications service providers, Internet content providers (ICPs), cable operators, wholesale and enterprise carriers, research and education institutions and government entities around the world.
