Infinera (NASDAQ:INFN) Trading 4.4% Higher

Infinera Co. (NASDAQ:INFN) shares shot up 4.4% on Tuesday . The stock traded as high as $4.75 and last traded at $4.74. 2,103,757 shares traded hands during mid-day 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 analysts recently commented on the company. StockNews.com lowered Infinera from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. B. Riley restated a “buy” rating and issued a $7.50 price objective on shares of Infinera in a report on Thursday, March 7th. Stifel Nicolaus reiterated a “buy” rating and set a $7.00 target price on shares of Infinera in a research report on Monday, April 1st. Finally, Needham & Company LLC reissued a “strong-buy” rating and issued a $10.00 target price on shares of Infinera in a research note on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.85.

Infinera Price Performance

The firm’s 50 day moving average price is $5.19 and its two-hundred day moving average price is $4.57. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.95 and a current ratio of 1.69.

Infinera (NASDAQ:INFN) last released its earnings results on Thursday, February 29th. The communications equipment provider reported $0.02 earnings per share 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 during the quarter. As a group, sell-side analysts expect that Infinera Co. will post -0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of INFN. American International Group Inc. boosted its holdings in shares of Infinera by 1.7% in the 4th quarter. American International Group Inc. now owns 91,442 shares of the communications equipment provider’s stock valued at $616,000 after buying an additional 1,567 shares during the last quarter. Amalgamated Bank grew its position in shares of Infinera by 5.9% in the 4th quarter. Amalgamated Bank now owns 32,268 shares of the communications equipment provider’s stock valued at $217,000 after acquiring an additional 1,803 shares during the period. Principal Financial Group Inc. increased its stake in shares of Infinera by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 23,065 shares of the communications equipment provider’s stock worth $110,000 after purchasing an additional 2,011 shares during the last quarter. Veritable L.P. raised its holdings in shares of Infinera by 15.5% in the 1st quarter. Veritable L.P. now owns 15,935 shares of the communications equipment provider’s stock valued at $124,000 after purchasing an additional 2,142 shares during the period. Finally, Bayesian Capital Management LP grew its holdings in Infinera by 17.0% during the fourth quarter. Bayesian Capital Management LP now owns 16,030 shares of the communications equipment provider’s stock worth $76,000 after purchasing an additional 2,330 shares during the period. 97.54% of the stock is owned by institutional investors and hedge funds.

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.