Infinera (INFN) Expected to Announce Quarterly Earnings on Tuesday

Infinera (NASDAQ:INFN) is projected to release its earnings data after the market closes on Tuesday, April 29th. Analysts expect Infinera to post earnings of $0.06 per share for the quarter.

Infinera (NASDAQ:INFN) last issued its quarterly earnings results on Thursday, March 6th. The communications equipment provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15). The business had revenue of $414.39 million for the quarter, compared to the consensus estimate of $409.08 million. Infinera had a negative net margin of 7.62% and a negative return on equity of 45.12%. On average, analysts expect Infinera to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Infinera Stock Performance

INFN stock opened at $6.64 on Tuesday. Infinera has a one year low of $4.64 and a one year high of $6.92. The company has a market capitalization of $1.57 billion, a PE ratio of -13.83 and a beta of 1.63. The company’s 50 day moving average price is $6.64 and its two-hundred day moving average price is $6.64. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.97 and a current ratio of 1.58.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Infinera in a research note on Monday. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $7.09.

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.