Shares of Infinera Corp. (NASDAQ:INFN) have been assigned a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $7.11.

Several analysts have issued reports on INFN shares. MKM Partners raised shares of Infinera from a “neutral” rating to a “buy” rating and set a $6.00 target price on the stock in a research note on Monday, March 11th. Northland Securities reissued a “buy” rating and set a $7.00 target price on shares of Infinera in a research note on Sunday, April 21st. BidaskClub raised shares of Infinera from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. ValuEngine raised shares of Infinera from a “sell” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, Zacks Investment Research downgraded shares of Infinera from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 2nd.

NASDAQ:INFN traded down $0.15 during trading hours on Thursday, hitting $3.08. 1,968,900 shares of the stock traded hands, compared to its average volume of 2,812,829. The company has a quick ratio of 1.10, a current ratio of 1.78 and a debt-to-equity ratio of 0.55. Infinera has a fifty-two week low of $3.00 and a fifty-two week high of $10.25. The company has a market cap of $574.23 million, a P/E ratio of -4.81 and a beta of 0.62.

Infinera (NASDAQ:INFN) last announced its earnings results on Wednesday, May 8th. The communications equipment provider reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.04. Infinera had a negative net margin of 29.68% and a negative return on equity of 20.02%. The company had revenue of $295.60 million for the quarter, compared to the consensus estimate of $311.11 million. During the same period in the previous year, the business earned ($0.05) EPS. The company’s revenue was up 45.8% on a year-over-year basis. Equities research analysts anticipate that Infinera will post -0.9 earnings per share for the current year.

In related news, CEO Thomas J. Fallon purchased 50,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were acquired at an average cost of $3.32 per share, for a total transaction of $166,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Marcel Gani purchased 100,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were bought at an average price of $3.15 per share, for a total transaction of $315,000.00. Following the completion of the acquisition, the director now owns 222,281 shares in the company, valued at $700,185.15. The disclosure for this purchase can be found here. Insiders own 2.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of INFN. Oaktree Capital Management LP purchased a new position in shares of Infinera during the 4th quarter valued at $83,692,000. FMR LLC grew its holdings in shares of Infinera by 13.4% during the 4th quarter. FMR LLC now owns 26,204,780 shares of the communications equipment provider’s stock valued at $104,557,000 after acquiring an additional 3,104,780 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Infinera by 65.2% during the 4th quarter. Bank of America Corp DE now owns 3,314,218 shares of the communications equipment provider’s stock valued at $13,224,000 after acquiring an additional 1,307,780 shares in the last quarter. Elk Creek Partners LLC grew its holdings in shares of Infinera by 53.5% during the 4th quarter. Elk Creek Partners LLC now owns 3,608,233 shares of the communications equipment provider’s stock valued at $14,397,000 after acquiring an additional 1,257,311 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Infinera by 361.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,231,400 shares of the communications equipment provider’s stock valued at $4,913,000 after acquiring an additional 964,301 shares in the last quarter. Institutional investors and hedge funds own 84.16% of the company’s stock.

About Infinera

Infinera Corporation provides optical transport networking 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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