Infinera Co. (NASDAQ:INFN) Stock Position Reduced by Kovack Advisors Inc.

Kovack Advisors Inc. lessened its position in shares of Infinera Co. (NASDAQ:INFN) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 393,596 shares of the communications equipment provider’s stock after selling 17,700 shares during the period. Kovack Advisors Inc.’s holdings in Infinera were worth $1,870,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. raised its position in shares of Infinera by 70.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 29,003 shares of the communications equipment provider’s stock worth $121,000 after purchasing an additional 11,974 shares during the period. Brown Advisory Inc. raised its position in shares of Infinera by 1.7% during the 3rd quarter. Brown Advisory Inc. now owns 13,909,389 shares of the communications equipment provider’s stock worth $58,141,000 after purchasing an additional 237,626 shares during the period. Advisor Partners II LLC acquired a new stake in shares of Infinera during the 3rd quarter worth approximately $163,000. Inspire Investing LLC acquired a new stake in Infinera in the 3rd quarter valued at approximately $307,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Infinera in the 3rd quarter valued at approximately $915,000. Institutional investors own 97.54% of the company’s stock.

Infinera Trading Up 2.6 %

Shares of INFN traded up $0.13 during trading hours on Friday, hitting $5.10. 1,326,380 shares of the company were exchanged, compared to its average volume of 3,638,496. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.95 and a current ratio of 1.69. The firm has a fifty day simple moving average of $5.15 and a 200-day simple moving average of $4.62. Infinera Co. has a one year low of $2.82 and a one year high of $6.62.

Infinera (NASDAQ:INFN) last released its quarterly earnings data on Thursday, February 29th. The communications equipment provider reported $0.02 earnings per share for the quarter. Infinera had a positive return on equity of 1.73% and a negative net margin of 0.28%. The business had revenue of $392.37 million during the quarter. As a group, analysts anticipate that Infinera Co. will post -0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INFN has been the topic of several analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $7.00 target price on shares of Infinera in a research report on Monday, April 1st. StockNews.com cut Infinera from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Needham & Company LLC assumed coverage on Infinera in a research report on Monday, April 22nd. They set a “buy” rating and a $10.00 price target on the stock. Finally, B. Riley reiterated a “buy” rating and set a $7.50 price target on shares of Infinera in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.85.

Infinera 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.