StockNews.com Lowers Infinera (NASDAQ:INFN) to Sell

StockNews.com downgraded shares of Infinera (NASDAQ:INFNFree Report) from a hold rating to a sell rating in a report issued on Wednesday morning.

Infinera Price Performance

Shares of NASDAQ INFN opened at $5.35 on Wednesday. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -133.75 and a beta of 1.59. Infinera has a 52 week low of $2.82 and a 52 week high of $7.80. The company’s 50-day moving average price is $4.81 and its 200 day moving average price is $4.24. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 4.04.

Institutional Investors Weigh In On Infinera

Large investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. acquired a new stake in Infinera in the 3rd quarter valued at about $915,000. Inspire Advisors LLC purchased a new stake in shares of Infinera during the second quarter worth about $250,000. Brown Advisory Inc. grew its holdings in shares of Infinera by 1.7% during the third quarter. Brown Advisory Inc. now owns 13,909,389 shares of the communications equipment provider’s stock worth $58,141,000 after buying an additional 237,626 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in shares of Infinera by 58.1% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 59,300 shares of the communications equipment provider’s stock worth $286,000 after buying an additional 21,800 shares in the last quarter. Finally, One68 Global Capital LLC grew its holdings in shares of Infinera by 59.6% during the second quarter. One68 Global Capital LLC now owns 75,000 shares of the communications equipment provider’s stock worth $362,000 after buying an additional 28,000 shares in the last quarter. 99.49% of the stock is owned by institutional investors and hedge funds.

Infinera Company Profile

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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.

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Analyst Recommendations for Infinera (NASDAQ:INFN)

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