Media stories about Infinera Corporation (NASDAQ:INFN) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Infinera Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the communications equipment provider an impact score of 45.9777133487672 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
Several equities analysts have issued reports on INFN shares. Northland Securities set a $7.00 target price on shares of Infinera Corporation and gave the company a “hold” rating in a research note on Tuesday, July 4th. BidaskClub cut shares of Infinera Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 6th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Infinera Corporation in a research report on Monday, July 10th. Zacks Investment Research lowered shares of Infinera Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $12.50 price target (up previously from $12.00) on shares of Infinera Corporation in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $11.82.
Infinera Corporation (INFN) traded down 1.29% on Thursday, reaching $8.43. The company’s stock had a trading volume of 563,902 shares. The firm has a 50-day moving average of $8.56 and a 200 day moving average of $9.76. The company’s market capitalization is $1.25 billion. Infinera Corporation has a 12-month low of $7.23 and a 12-month high of $12.50.
Infinera Corporation (NASDAQ:INFN) last announced its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.01). The business had revenue of $176.28 million during the quarter, compared to analysts’ expectations of $181.16 million. Infinera Corporation had a negative net margin of 18.18% and a negative return on equity of 12.39%. Infinera Corporation’s revenue for the quarter was down 31.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. On average, equities research analysts anticipate that Infinera Corporation will post ($0.56) EPS for the current fiscal year.
In other news, President David F. Welch sold 20,000 shares of Infinera Corporation stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $9.02, for a total value of $180,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is owned by insiders.
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Infinera Corporation Company Profile
Infinera Corporation provides optical transport networking equipment, software and services to telecommunications service providers, Internet content providers (ICPs), cable providers, wholesale and enterprise carriers, research and education institutions, enterprise customers and government entities across the globe.
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