Analysts Set Infinera Co. (NASDAQ:INFN) PT at $6.85

Infinera Co. (NASDAQ:INFN) has been assigned an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $6.85.

A number of equities analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $10.00 target price on shares of Infinera in a report on Thursday, March 7th. StockNews.com cut shares of Infinera from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $7.00 price objective on shares of Infinera in a research note on Monday, April 1st. Finally, B. Riley reissued a “buy” rating and issued a $7.50 price objective on shares of Infinera in a research note on Thursday, March 7th.

Infinera Stock Up 2.4 %

INFN stock opened at $4.65 on Friday. The company’s 50 day moving average is $5.20 and its two-hundred day moving average is $4.57. The stock has a market cap of $1.08 billion, a P/E ratio of -155.00 and a beta of 1.58. Infinera has a twelve month low of $2.82 and a twelve month high of $6.95. The company has a current ratio of 1.69, a quick ratio of 0.95 and a debt-to-equity ratio of 3.63.

Infinera (NASDAQ:INFN) last announced its earnings results on Thursday, February 29th. The communications equipment provider reported $0.02 EPS for the quarter. The business had revenue of $392.37 million for the quarter. Infinera had a negative net margin of 0.28% and a positive return on equity of 1.73%. Research analysts expect that Infinera will post -0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Infinera

Several institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its position in shares of Infinera by 0.6% during the 3rd quarter. FMR LLC now owns 34,038,565 shares of the communications equipment provider’s stock worth $142,281,000 after purchasing an additional 196,237 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Infinera by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 24,750,346 shares of the communications equipment provider’s stock worth $117,564,000 after purchasing an additional 469,315 shares in the last quarter. Shapiro Capital Management LLC boosted its position in shares of Infinera by 1.5% during the 3rd quarter. Shapiro Capital Management LLC now owns 19,271,676 shares of the communications equipment provider’s stock worth $80,556,000 after purchasing an additional 293,787 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Infinera by 8.0% during the 4th quarter. Brown Advisory Inc. now owns 15,017,956 shares of the communications equipment provider’s stock worth $71,335,000 after purchasing an additional 1,108,567 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY boosted its position in shares of Infinera by 3.1% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 4,927,700 shares of the communications equipment provider’s stock worth $20,598,000 after purchasing an additional 149,400 shares in the last quarter. 97.54% of the stock is currently owned by hedge funds and other institutional investors.

Infinera Company Profile

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.