Infinera (NASDAQ:INFN) Earns “Hold” Rating from Rosenblatt Securities

Infinera (NASDAQ:INFN)‘s stock had its “hold” rating restated by research analysts at Rosenblatt Securities in a report issued on Wednesday, AnalystRatings.com reports. They presently have a $6.00 price target on the communications equipment provider’s stock.

Several other research analysts have also recently issued reports on INFN. Goldman Sachs Group raised Infinera from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. BidaskClub raised Infinera from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group cut Infinera from a “hold” rating to an “underperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus set a $6.00 target price on Infinera and gave the company a “hold” rating in a research note on Thursday, September 12th. Finally, MKM Partners raised their target price on Infinera from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.93.

NASDAQ:INFN opened at $6.00 on Wednesday. Infinera has a 1 year low of $2.80 and a 1 year high of $6.50. The stock has a market cap of $938.25 million, a price-to-earnings ratio of -9.38 and a beta of 0.54. The business has a fifty day moving average of $5.46 and a 200-day moving average of $4.28. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.91 and a current ratio of 1.54.

Infinera (NASDAQ:INFN) last released its quarterly earnings results on Tuesday, November 12th. The communications equipment provider reported ($0.17) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.17). Infinera had a negative return on equity of 27.60% and a negative net margin of 35.53%. The company had revenue of $325.34 million during the quarter, compared to analysts’ expectations of $327.09 million. During the same quarter in the prior year, the business posted ($0.04) earnings per share. The company’s revenue for the quarter was up 62.3% compared to the same quarter last year. On average, equities research analysts predict that Infinera will post -0.91 EPS for the current year.

A number of hedge funds have recently made changes to their positions in INFN. US Bancorp DE lifted its holdings in shares of Infinera by 20.1% during the second quarter. US Bancorp DE now owns 24,211 shares of the communications equipment provider’s stock valued at $70,000 after purchasing an additional 4,051 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Infinera by 95.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 22,010 shares of the communications equipment provider’s stock valued at $66,000 after purchasing an additional 10,733 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Infinera by 63.0% during the third quarter. Envestnet Asset Management Inc. now owns 38,646 shares of the communications equipment provider’s stock valued at $211,000 after purchasing an additional 14,935 shares during the last quarter. BBVA USA Bancshares Inc. purchased a new stake in shares of Infinera during the third quarter valued at $84,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Infinera by 20.1% during the second quarter. UBS Asset Management Americas Inc. now owns 107,673 shares of the communications equipment provider’s stock valued at $313,000 after purchasing an additional 18,036 shares during the last quarter. 79.14% of the stock is owned by institutional investors and hedge funds.

About Infinera

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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Analyst Recommendations for Infinera (NASDAQ:INFN)

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