Infinera (NASDAQ:INFN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Infinera (NASDAQ:INFN) in a report published on Sunday morning. The brokerage issued a hold rating on the communications equipment provider’s stock.

Infinera Stock Performance

NASDAQ INFN opened at $6.64 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 4.98. Infinera has a 12-month low of $4.49 and a 12-month high of $6.92. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -13.83 and a beta of 1.63. The business’s 50 day moving average is $6.64 and its two-hundred day moving average is $6.64.

Infinera (NASDAQ:INFN) last posted its 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). Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. The firm had revenue of $414.39 million for the quarter, compared to analysts’ expectations of $409.08 million. Research analysts expect that Infinera will post -0.33 EPS for the current year.

Institutional Trading of Infinera

Hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its position in Infinera by 1.9% during the 4th quarter. Russell Investments Group Ltd. now owns 110,687 shares of the communications equipment provider’s stock worth $727,000 after acquiring an additional 2,097 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Infinera by 3.0% during the fourth quarter. Victory Capital Management Inc. now owns 130,242 shares of the communications equipment provider’s stock valued at $856,000 after acquiring an additional 3,776 shares during the period. Mariner LLC grew its holdings in Infinera by 23.2% in the 4th quarter. Mariner LLC now owns 23,450 shares of the communications equipment provider’s stock worth $154,000 after buying an additional 4,422 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Infinera by 0.8% during the 4th quarter. Nuveen Asset Management LLC now owns 637,922 shares of the communications equipment provider’s stock valued at $4,191,000 after buying an additional 5,061 shares during the period. Finally, Vestcor Inc acquired a new position in shares of Infinera during the 4th quarter valued at $34,000. 97.54% of the stock is owned by institutional investors and hedge funds.

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.