Infinera (NASDAQ:INFN) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Infinera (NASDAQ:INFN) in a research report released on Tuesday. The firm issued a sell rating on the communications equipment provider’s stock.

Several other research analysts have also commented on the stock. Needham & Company LLC reaffirmed a hold rating on shares of Infinera in a report on Friday, June 28th. Stifel Nicolaus restated a buy rating and issued a $7.00 target price on shares of Infinera in a research note on Wednesday, May 15th. B. Riley reiterated a buy rating and set a $9.00 price target on shares of Infinera in a research report on Wednesday, May 15th. Morgan Stanley boosted their price objective on Infinera from $5.40 to $6.65 and gave the company an equal weight rating in a research report on Friday, June 28th. Finally, Craig Hallum reaffirmed a hold rating and issued a $6.65 target price (down from $12.00) on shares of Infinera in a research report on Monday, July 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $7.55.

Infinera Price Performance

INFN opened at $6.15 on Tuesday. The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.97 and a current ratio of 1.65. Infinera has a 1-year low of $2.82 and a 1-year high of $6.62. The company has a 50-day moving average of $5.50 and a 200-day moving average of $5.21. The company has a market capitalization of $1.44 billion, a P/E ratio of -18.09 and a beta of 1.64.

Infinera (NASDAQ:INFN) last released its earnings results on Tuesday, May 14th. The communications equipment provider reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.07). The firm had revenue of $306.92 million for the quarter, compared to the consensus estimate of $337.73 million. Infinera had a negative return on equity of 27.68% and a negative net margin of 5.11%. Equities analysts expect that Infinera will post -0.19 EPS for the current fiscal year.

Institutional Trading of Infinera

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in 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. Brown Advisory Inc. raised its stake in shares of Infinera by 8.0% during the fourth quarter. Brown Advisory Inc. now owns 15,017,956 shares of the communications equipment provider’s stock valued at $71,335,000 after purchasing an additional 1,108,567 shares in the last quarter. Hood River Capital Management LLC lifted its holdings in Infinera by 52.5% in the first quarter. Hood River Capital Management LLC now owns 4,162,231 shares of the communications equipment provider’s stock worth $25,098,000 after purchasing an additional 1,432,016 shares during the period. Charles Schwab Investment Management Inc. grew its position in Infinera by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,576,725 shares of the communications equipment provider’s stock valued at $7,489,000 after buying an additional 35,676 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Infinera by 249.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,276,876 shares of the communications equipment provider’s stock valued at $7,776,000 after buying an additional 911,293 shares during the period. 97.54% of the stock is currently owned by institutional investors and hedge funds.

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.