Infinera Corp. (NASDAQ:INFN) has been assigned an average recommendation of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $7.43.

Several research firms have commented on INFN. B. Riley reiterated a “buy” rating and set a $8.40 price objective on shares of Infinera in a research report on Wednesday, November 13th. Needham & Company LLC reiterated a “strong-buy” rating and set a $12.00 price objective (up previously from $10.00) on shares of Infinera in a research report on Thursday, January 2nd. BidaskClub upgraded shares of Infinera from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. upgraded shares of Infinera from an “underweight” rating to a “neutral” rating and set a $7.00 price objective for the company in a research report on Wednesday, November 13th. Finally, Rosenblatt Securities reiterated a “hold” rating and set a $6.00 price objective on shares of Infinera in a research report on Wednesday, November 13th.

Shares of NASDAQ:INFN traded down $0.10 during midday trading on Tuesday, reaching $7.92. 1,123,311 shares of the company were exchanged, compared to its average volume of 1,888,176. The company has a current ratio of 1.47, a quick ratio of 0.89 and a debt-to-equity ratio of 0.90. The business’s fifty day moving average is $7.55 and its two-hundred day moving average is $5.66. Infinera has a one year low of $2.80 and a one year high of $8.34. The stock has a market cap of $1.46 billion, a PE ratio of -3.11 and a beta of 0.69.

Infinera (NASDAQ:INFN) last issued its earnings results on Tuesday, November 12th. The communications equipment provider reported ($0.17) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.17). Infinera had a negative net margin of 36.15% and a negative return on equity of 34.56%. The firm had revenue of $325.34 million during the quarter, compared to analyst estimates of $327.09 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. Infinera’s revenue for the quarter was up 62.3% on a year-over-year basis. As a group, sell-side analysts expect that Infinera will post -0.9 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC bought a new stake in shares of Infinera in the 3rd quarter worth about $55,000. Point72 Asset Management L.P. bought a new stake in shares of Infinera in the 3rd quarter worth about $56,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Infinera by 95.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 22,010 shares of the communications equipment provider’s stock worth $66,000 after acquiring an additional 10,733 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Infinera by 20.1% in the 2nd quarter. US Bancorp DE now owns 24,211 shares of the communications equipment provider’s stock worth $70,000 after acquiring an additional 4,051 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in shares of Infinera in the 2nd quarter worth about $76,000. Hedge funds and other institutional investors own 84.43% 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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