Infinera (NASDAQ:INFN) Trading 4.4% Higher

Shares of Infinera Co. (NASDAQ:INFN) traded up 4.4% on Tuesday . The stock traded as high as $4.75 and last traded at $4.74. 2,103,757 shares were traded during trading, a decline of 39% from the average session volume of 3,444,037 shares. The stock had previously closed at $4.54.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus restated a “buy” rating and issued a $7.00 price objective on shares of Infinera in a research note on Monday, April 1st. B. Riley reissued a “buy” rating and issued a $7.50 price target on shares of Infinera in a research report on Thursday, March 7th. Needham & Company LLC reiterated a “strong-buy” rating and issued a $10.00 price objective on shares of Infinera in a research note on Thursday, March 7th. Finally, StockNews.com downgraded Infinera from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Infinera has an average rating of “Moderate Buy” and a consensus price target of $6.85.

Infinera Stock Down 2.5 %

The company has a current ratio of 1.69, a quick ratio of 0.95 and a debt-to-equity ratio of 3.63. The business’s fifty day moving average price is $5.19 and its 200-day moving average price is $4.57.

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

Institutional Investors Weigh In On Infinera

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jupiter Asset Management Ltd. grew its stake in shares of Infinera by 721.3% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 222,928 shares of the communications equipment provider’s stock worth $932,000 after buying an additional 195,786 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Infinera by 1.3% in the third quarter. Vanguard Group Inc. now owns 24,281,031 shares of the communications equipment provider’s stock worth $101,495,000 after acquiring an additional 314,856 shares during the last quarter. FMR LLC raised its position in shares of Infinera by 0.6% in 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. Nomura Holdings Inc. boosted its stake in Infinera by 36.5% in the 3rd quarter. Nomura Holdings Inc. now owns 457,750 shares of the communications equipment provider’s stock worth $1,913,000 after purchasing an additional 122,500 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Infinera during the 3rd quarter valued at about $915,000. Hedge funds and other institutional investors 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.