Infinera (NASDAQ:INFN) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of ($0.05-0.01) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.02). The company issued revenue guidance of $353-373 million, compared to the consensus revenue estimate of $358.71 million.
INFN stock traded up $0.31 during trading on Tuesday, reaching $5.57. The stock had a trading volume of 36,056 shares, compared to its average volume of 2,173,746. Infinera has a one year low of $2.80 and a one year high of $6.50. The company has a quick ratio of 0.91, a current ratio of 1.54 and a debt-to-equity ratio of 0.67. The company’s 50 day moving average is $5.45 and its two-hundred day moving average is $4.27. The company has a market capitalization of $938.25 million, a price-to-earnings ratio of -8.22 and a beta of 0.54.
INFN has been the subject of a number of recent analyst reports. B. Riley set a $8.00 price objective on shares of Infinera and gave the stock a buy rating in a research report on Friday, October 25th. Zacks Investment Research downgraded shares of Infinera from a hold rating to a sell rating in a research report on Tuesday, August 13th. Goldman Sachs Group upgraded shares of Infinera from a neutral rating to a buy rating in a research note on Thursday, August 8th. Stifel Nicolaus set a $6.00 target price on shares of Infinera and gave the company a hold rating in a research note on Thursday, September 12th. Finally, BidaskClub upgraded shares of Infinera from a hold rating to a buy rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $6.22.
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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