Infinera (NASDAQ:INFN) Rating Increased to Hold at StockNews.com

Infinera (NASDAQ:INFN) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Other equities analysts also recently issued research reports about the company. Berenberg Bank upgraded Infinera to a “hold” rating in a report on Monday, August 5th. Rosenblatt Securities reissued a “neutral” rating and issued a $6.65 price objective on shares of Infinera in a research report on Wednesday. B. Riley reduced their price objective on Infinera from $9.00 to $6.65 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their target price on Infinera from $5.00 to $6.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.09.

Infinera Trading Down 0.7 %

NASDAQ INFN traded down $0.05 on Thursday, hitting $6.65. 1,083,054 shares of the company were exchanged, compared to its average volume of 5,057,482. The company’s 50 day moving average price is $6.63 and its 200-day moving average price is $5.97. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.57 and a quick ratio of 0.94. The firm has a market capitalization of $1.57 billion, a P/E ratio of -14.46 and a beta of 1.71. Infinera has a twelve month low of $3.07 and a twelve month high of $6.92.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Infinera by 9.3% during the 1st quarter. Vanguard Group Inc. now owns 27,049,371 shares of the communications equipment provider’s stock worth $163,108,000 after acquiring an additional 2,299,025 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Infinera by 22.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,057,935 shares of the communications equipment provider’s stock valued at $67,343,000 after acquiring an additional 2,025,658 shares during the period. Hood River Capital Management LLC lifted its position in shares of Infinera by 14.2% during the 2nd quarter. Hood River Capital Management LLC now owns 4,753,842 shares of the communications equipment provider’s stock valued at $28,951,000 after acquiring an additional 591,611 shares during the period. AIGH Capital Management LLC raised its holdings in shares of Infinera by 278.8% during the 2nd quarter. AIGH Capital Management LLC now owns 3,368,556 shares of the communications equipment provider’s stock worth $20,515,000 after buying an additional 2,479,272 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Infinera by 37.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,759,906 shares of the communications equipment provider’s stock worth $16,802,000 after buying an additional 748,155 shares in the last quarter. Institutional investors and hedge funds own 97.54% of the company’s stock.

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.