StockNews.com started coverage on shares of Infinera (NASDAQ:INFN – Free Report) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the communications equipment provider’s stock.
Infinera Stock Performance
INFN opened at $6.64 on Wednesday. Infinera has a fifty-two week low of $4.41 and a fifty-two week high of $6.92. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.58 and a quick ratio of 0.97. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -13.83 and a beta of 1.63. The company’s 50 day moving average price is $6.63 and its two-hundred day moving average price is $6.62.
Infinera (NASDAQ:INFN – Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The communications equipment provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15). Infinera had a negative net margin of 7.62% and a negative return on equity of 45.12%. The firm had revenue of $414.39 million during the quarter, compared to the consensus estimate of $409.08 million. As a group, research analysts predict that Infinera will post -0.33 earnings per share for the current year.
Institutional Investors Weigh In On Infinera
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.
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