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

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

Infinera Stock Performance

Infinera stock opened at $6.64 on Friday. The firm’s fifty day moving average price is $6.64 and its 200-day moving average price is $6.65. Infinera has a fifty-two week low of $4.49 and a fifty-two week high of $6.92. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.97 and a current ratio of 1.58. The stock has a market cap of $1.57 billion, a P/E ratio of -13.83 and a beta of 1.63.

Infinera (NASDAQ:INFN) last announced its quarterly earnings data on Thursday, March 6th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15). The business had revenue of $414.39 million during the quarter, compared to analysts’ expectations of $409.08 million. Infinera had a negative net margin of 7.62% and a negative return on equity of 45.12%. On average, equities research analysts expect that Infinera will post -0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Infinera

Institutional investors have recently added to or reduced their stakes in the company. Vestcor Inc purchased a new position in shares of Infinera during the fourth quarter valued at approximately $34,000. Quantbot Technologies LP purchased a new position in shares of Infinera during the third quarter valued at approximately $40,000. LPL Financial LLC bought a new stake in Infinera in the fourth quarter worth $70,000. Wealthfront Advisers LLC purchased a new stake in Infinera during the 4th quarter valued at about $76,000. Finally, Cibc World Markets Corp bought a new position in Infinera in the 4th quarter valued at approximately $124,000. Hedge funds and other institutional investors own 97.54% of the company’s stock.

About Infinera

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.