Infinera's (INFN) "Buy" Rating Reaffirmed at B. Riley

B. Riley reaffirmed their buy rating on shares of Infinera (NASDAQ:INFN - Free Report) in a report issued on Wednesday, Benzinga reports. They currently have a $9.00 price target on the communications equipment provider's stock.

Several other equities research analysts also recently commented on the company. Needham & Company LLC initiated coverage on Infinera in a report on Monday, April 22nd. They set a buy rating and a $10.00 target price for the company. StockNews.com cut shares of Infinera from a hold rating to a sell rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus restated a buy rating and set a $7.00 price target on shares of Infinera in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $7.32.

Infinera Price Performance

INFN traded down $0.45 on Wednesday, reaching $5.35. The company had a trading volume of 8,584,224 shares, compared to its average volume of 3,235,832. The company has a market capitalization of $1.24 billion, a P/E ratio of -48.63 and a beta of 1.63. 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 company has a fifty day moving average of $5.15 and a 200-day moving average of $4.79. Infinera has a one year low of $2.82 and a one year high of $6.62.

Infinera (NASDAQ:INFN - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The communications equipment provider reported $0.02 earnings per share for the quarter. The company had revenue of $392.37 million during the quarter. Infinera had a negative net margin of 0.28% and a positive return on equity of 1.73%.

Hedge Funds Weigh In On Infinera

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INFN. SageView Advisory Group LLC bought a new position in Infinera in the 1st quarter worth $39,000. Partners Capital Investment Group LLP acquired a new position in shares of Infinera during the fourth quarter worth approximately $48,000. Worth Venture Partners LLC bought a new stake in shares of Infinera in the fourth quarter valued at approximately $53,000. Ironwood Investment Counsel LLC acquired a new stake in shares of Infinera in the fourth quarter worth $56,000. Finally, Pathstone Family Office LLC bought a new position in Infinera during the third quarter worth $66,000. 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.