Infinera Corp. (NASDAQ:INFN) gapped up prior to trading on Wednesday following insider buying activity. The stock had previously closed at $3.06, but opened at $3.13. Infinera shares last traded at $3.20, with a volume of 3184398 shares trading hands.

Specifically, Director Marcel Gani acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average price of $3.15 per share, for a total transaction of $315,000.00. Following the acquisition, the director now directly owns 222,281 shares in the company, valued at $700,185.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas J. Fallon acquired 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average price of $3.32 per share, with a total value of $166,000.00. The disclosure for this purchase can be found here. 2.80% of the stock is owned by company insiders.

A number of research analysts recently issued reports on the stock. Northland Securities reiterated a “buy” rating and issued a $7.00 price objective on shares of Infinera in a report on Thursday, May 9th. BidaskClub upgraded shares of Infinera from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Zacks Investment Research lowered shares of Infinera from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 2nd. ValuEngine lowered shares of Infinera from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Finally, Morgan Stanley set a $6.00 price objective on shares of Infinera and gave the company a “hold” rating in a report on Friday, February 22nd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $7.58.

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.10 and a current ratio of 1.78. The firm has a market capitalization of $561.79 million, a PE ratio of -5.00 and a beta of 0.62.

Infinera (NASDAQ:INFN) last released its quarterly earnings results on Wednesday, May 8th. The communications equipment provider reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.04. Infinera had a negative net margin of 29.68% and a negative return on equity of 20.02%. The firm had revenue of $295.60 million during the quarter, compared to analyst estimates of $311.11 million. During the same quarter last year, the business earned ($0.05) EPS. The company’s revenue was up 45.8% compared to the same quarter last year. As a group, equities analysts forecast that Infinera Corp. will post -0.9 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in INFN. DDD Partners LLC acquired a new stake in shares of Infinera during the 4th quarter worth approximately $40,000. Principal Financial Group Inc. grew its position in shares of Infinera by 23.5% during the 4th quarter. Principal Financial Group Inc. now owns 17,281 shares of the communications equipment provider’s stock worth $69,000 after buying an additional 3,288 shares during the period. Caption Management LLC acquired a new stake in shares of Infinera during the 4th quarter worth approximately $70,000. Prudential Financial Inc. grew its position in shares of Infinera by 19.8% during the 4th quarter. Prudential Financial Inc. now owns 17,985 shares of the communications equipment provider’s stock worth $72,000 after buying an additional 2,975 shares during the period. Finally, Royce & Associates LP acquired a new stake in shares of Infinera during the 1st quarter worth approximately $87,000. Hedge funds and other institutional investors own 83.15% of the company’s stock.

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Infinera Company Profile (NASDAQ:INFN)

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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