Infinera Corp. (NASDAQ:INFN) – Research analysts at Jefferies Group issued their Q4 2019 earnings per share (EPS) estimates for Infinera in a report released on Thursday. Jefferies Group analyst G. Notter expects that the communications equipment provider will post earnings of $0.03 per share for the quarter.

Other research analysts have also issued research reports about the company. BidaskClub lowered Infinera from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded Infinera from a “sell” rating to a “hold” rating in a research report on Tuesday. Craig Hallum reiterated a “buy” rating and set a $10.00 target price (down previously from $15.00) on shares of Infinera in a research report on Thursday, November 9th. B. Riley reissued a “buy” rating and issued a $12.00 price objective (down from $14.00) on shares of Infinera in a research note on Tuesday, November 7th. Finally, Citigroup raised Infinera from a “sell” rating to a “neutral” rating and set a $10.00 price objective for the company in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $11.27.

Shares of Infinera (NASDAQ:INFN) traded down $0.24 during trading hours on Monday, hitting $9.09. The stock had a trading volume of 3,624,500 shares, compared to its average volume of 2,003,857. Infinera has a 52-week low of $6.10 and a 52-week high of $12.38. The stock has a market cap of $1,360.00, a price-to-earnings ratio of -7.14 and a beta of 1.24.

Infinera (NASDAQ:INFN) last announced its earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. Infinera had a negative return on equity of 16.77% and a negative net margin of 26.26%. The firm had revenue of $195.82 million for the quarter, compared to analyst estimates of $190.26 million. During the same quarter last year, the firm posted ($0.12) EPS. The business’s revenue was up 8.2% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently bought and sold shares of INFN. Virtu Financial LLC acquired a new position in Infinera in the 4th quarter valued at $155,000. Prudential Financial Inc. increased its stake in shares of Infinera by 4.9% in the 2nd quarter. Prudential Financial Inc. now owns 15,110 shares of the communications equipment provider’s stock worth $161,000 after acquiring an additional 710 shares during the last quarter. Aperio Group LLC increased its stake in shares of Infinera by 87.6% in the 3rd quarter. Aperio Group LLC now owns 18,948 shares of the communications equipment provider’s stock worth $168,000 after acquiring an additional 8,847 shares during the last quarter. Amalgamated Bank increased its stake in shares of Infinera by 5.7% in the 2nd quarter. Amalgamated Bank now owns 18,344 shares of the communications equipment provider’s stock worth $196,000 after acquiring an additional 992 shares during the last quarter. Finally, Gainplan LLC acquired a new stake in shares of Infinera in the 3rd quarter worth $302,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

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Infinera Company Profile

Infinera Corporation provides optical transport networking equipment, software and services to telecommunications service providers, Internet content providers (ICPs), cable providers, wholesale and enterprise carriers, research and education institutions, enterprise customers and government entities across the globe.

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