MKM Partners upgraded shares of Infinera (NASDAQ:INFN) from a neutral rating to a buy rating in a report issued on Monday, MarketBeat.com reports. They currently have $6.00 price objective on the communications equipment provider’s stock.

Several other equities research analysts have also recently commented on the company. BidaskClub raised Infinera from a sell rating to a hold rating in a research note on Friday, January 25th. ValuEngine lowered Infinera from a buy rating to a hold rating in a report on Wednesday, January 2nd. Morgan Stanley set a $6.00 target price on Infinera and gave the stock a hold rating in a report on Friday, February 22nd. Northland Securities set a $7.00 target price on Infinera and gave the stock a hold rating in a report on Thursday, December 20th. Finally, Zacks Investment Research upgraded Infinera from a hold rating to a strong-buy rating and set a $6.00 target price for the company in a report on Wednesday, February 27th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Infinera has an average rating of Hold and an average target price of $8.36.

Shares of NASDAQ INFN opened at $4.75 on Monday. The company has a market capitalization of $855.70 million, a P/E ratio of -7.42 and a beta of 0.65. Infinera has a 52 week low of $3.54 and a 52 week high of $12.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.92 and a quick ratio of 2.95.

Infinera (NASDAQ:INFN) last announced its quarterly earnings results on Thursday, February 21st. The communications equipment provider reported ($0.25) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.10. The business had revenue of $332.06 million during the quarter, compared to analysts’ expectations of $324.85 million. Infinera had a negative return on equity of 15.14% and a negative net margin of 22.40%. As a group, equities analysts forecast that Infinera will post -0.76 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Infinera during the fourth quarter worth $2,353,000. FMR LLC grew its holdings in shares of Infinera by 13.4% during the fourth quarter. FMR LLC now owns 26,204,780 shares of the communications equipment provider’s stock worth $104,557,000 after purchasing an additional 3,104,780 shares during the last quarter. Oaktree Capital Management LP bought a new stake in shares of Infinera during the fourth quarter worth $83,692,000. Legal & General Group Plc grew its holdings in shares of Infinera by 52.4% during the fourth quarter. Legal & General Group Plc now owns 75,878 shares of the communications equipment provider’s stock worth $303,000 after purchasing an additional 26,077 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its holdings in shares of Infinera by 354.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 47,175 shares of the communications equipment provider’s stock worth $188,000 after purchasing an additional 36,785 shares during the last quarter. Hedge funds and other institutional investors own 86.04% of the company’s stock.

About Infinera

Infinera Corporation provides optical transport networking solutions, equipment, and software and services worldwide. The company's product portfolio consists of Infinera DTN-X Family of terabit-class transport network platforms, including the XTC Series, XTS Series, and XT Series; Infinera DTN-X XTC series multi-terabit packet optical transport platforms that integrate digital OTN switching and optical WDM transmission; and Infinera DTN-X XT series for terrestrial applications and XTS series for subsea applications.

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Analyst Recommendations for Infinera (NASDAQ:INFN)

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