Infinera - INFN Stock Forecast, Price & News

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. It also offers Infinera XTM series, a packet-optical transport platform that enables metro connectivity solutions; Infinera XTC series, a multi-terabit packet optical transport platforms that integrates digital OTN switching and optical WDM transmission; Infinera mTera series, a network transport solution; and Infinera XT series, a platform that is designed to power cloud scale network services over metro, DCI, long-haul, and subsea networks. The company provides Infinera Cloud Xpress Family that is designed to meet the needs of internet content providers (ICPs), communication service providers, internet exchange service providers, enterprises, and other large-scale data center operators; and ICE-XR Coherent Pluggable Optics. It also offers Infinera Transcend software suite; and system software and customer support services. The company also serves telecommunications service providers, ICPs, cable providers, wholesale carriers, research and education institutions, large enterprises, and government entities. It markets and sells its products and related support services primarily through its direct sales force. The company was formerly known as Zepton Networks. The company was incorporated in 2000 and is headquartered in San Jose, California.

Wall Street Analyst Weigh In

Several brokerages have commented on INFN. B. Riley dropped their price target on shares of Infinera from $12.50 to $11.00 in a research note on Wednesday, May 4th. MKM Partners reiterated a "buy" rating and issued a $9.00 price target on shares of Infinera in a research note on Thursday, August 4th. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price objective on shares of Infinera in a report on Monday, May 16th. JPMorgan Chase & Co. decreased their price objective on Infinera from $7.50 to $6.50 and set an "underweight" rating for the company in a report on Thursday, July 14th. Finally, Citigroup decreased their price objective on Infinera from $9.00 to $6.50 in a report on Thursday, July 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $9.86.

Infinera Price Performance

Shares of NASDAQ:INFN remained flat at $5.63 during mid-day trading on Monday. The company had a trading volume of 5,545,505 shares, compared to its average volume of 2,537,011. The company has a debt-to-equity ratio of 5.49, a quick ratio of 1.11 and a current ratio of 1.67. The business's fifty day moving average is $5.56 and its 200 day moving average is $6.93. Infinera has a 52-week low of $4.67 and a 52-week high of $9.86. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -6.38 and a beta of 1.10.

Infinera (NASDAQ:INFN - Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The communications equipment provider reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. Infinera had a negative return on equity of 33.09% and a negative net margin of 12.69%. The firm had revenue of $357.99 million during the quarter, compared to the consensus estimate of $350.62 million. During the same period last year, the company earned ($0.09) earnings per share. The company's revenue for the quarter was up 5.8% on a year-over-year basis. Analysts anticipate that Infinera will post -0.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO David W. Heard purchased 6,500 shares of the firm's stock in a transaction that occurred on Thursday, May 19th. The stock was purchased at an average cost of $5.72 per share, with a total value of $37,180.00. Following the completion of the acquisition, the chief executive officer now directly owns 608,740 shares in the company, valued at $3,481,992.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other Infinera news, Director George Andrew Riedel bought 10,000 shares of Infinera stock in a transaction on Friday, June 10th. The stock was bought at an average price of $5.28 per share, with a total value of $52,800.00. Following the completion of the acquisition, the director now owns 82,451 shares in the company, valued at $435,341.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Heard bought 6,500 shares of Infinera stock in a transaction on Thursday, May 19th. The stock was acquired at an average cost of $5.72 per share, with a total value of $37,180.00. Following the acquisition, the chief executive officer now owns 608,740 shares of the company's stock, valued at approximately $3,481,992.80. The disclosure for this purchase can be found here. Corporate insiders own 1.19% of the company's stock.