Infinera Co. (NASDAQ:INFN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Infinera Co. (NASDAQ:INFN) has earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $7.02.

A number of equities research analysts recently issued reports on INFN shares. Stifel Nicolaus reiterated a “buy” rating and set a $7.00 target price on shares of Infinera in a research report on Monday, April 1st. StockNews.com downgraded Infinera from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. B. Riley reiterated a “buy” rating and issued a $7.50 price objective on shares of Infinera in a research report on Thursday, March 7th. Finally, Needham & Company LLC assumed coverage on Infinera in a report on Monday, April 22nd. They set a “buy” rating and a $10.00 target price on the stock.

Infinera Stock Performance

NASDAQ:INFN opened at $5.22 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.69 and a debt-to-equity ratio of 3.63. The firm has a 50-day moving average price of $5.16 and a 200 day moving average price of $4.72. The firm has a market capitalization of $1.21 billion, a PE ratio of -174.00 and a beta of 1.63. Infinera has a 12-month low of $2.82 and a 12-month high of $6.62.

Infinera (NASDAQ:INFN) last announced its quarterly earnings results on Thursday, February 29th. The communications equipment provider reported $0.02 EPS for the quarter. Infinera had a positive return on equity of 1.73% and a negative net margin of 0.28%. The business had revenue of $392.37 million for the quarter.

Hedge Funds Weigh In On Infinera

Several large investors have recently made changes to their positions in INFN. FMR LLC raised its holdings in 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 during the last quarter. Vanguard Group Inc. raised its stake in shares of Infinera by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 24,750,346 shares of the communications equipment provider’s stock worth $117,564,000 after buying an additional 469,315 shares during the last quarter. Shapiro Capital Management LLC boosted its stake in Infinera by 1.5% in the third quarter. Shapiro Capital Management LLC now owns 19,271,676 shares of the communications equipment provider’s stock valued at $80,556,000 after acquiring an additional 293,787 shares during the last quarter. Brown Advisory Inc. grew its holdings in 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 acquiring an additional 1,108,567 shares during the period. Finally, Paradigm Capital Management Inc. NY raised 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 valued at $20,598,000 after acquiring an additional 149,400 shares during the last quarter. Institutional investors and hedge funds own 97.54% of the company’s stock.

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.