Several hedge funds have recently added to or reduced their stakes in INFN. Zacks Investment Research cut shares of Infinera Corp. from a hold rating to a sell rating in a report on Wednesday, May 3rd. The stock traded as low as $9.30 and last traded at $9.57, with a volume of 11,490,949 shares.
03/16/2017 - Infinera Corporation was upgraded to " by analysts at Goldman Sachs. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time.
According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.4 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. The stock presently has an average rating of "Hold" and a consensus price target of $12.09. Legal & General Group Plc increased its stake in shares of Infinera Corporation by 1.8% in the second quarter. Infinera Corporation (NASDAQ:INFN)'s price to free cash flow for trailing twelve months is 0. The total amount of shares outstanding is 175.64 million, giving the company a market capitalization of about 1.62 billion. The stock exchanged hands 11.49 Million shares versus average trading capacity of 1.92 Million shares. Infinera Corporation had a negative net margin of 18.18% and a negative return on equity of 12.25%.
On the other hand Infinera Corporation (NASDAQ:INFN) has Relative Strength Index (RSI 14) of 25.82 along with Average True Range (ATR 14) of 0.5. Comparatively, INFN posted earnings of $0.13 per share in the same quarter, a year earlier. Infinera Corp. The business had revenue of $176.28 million for the quarter, compared to the consensus estimate of $181.16 million. During the same quarter previous year, the company earned $0.21 EPS. Infinera Corporation's revenue for the quarter was down 31.9% on a year-over-year basis. On average, equities research analysts forecast that Infinera Corporation will post ($0.45) earnings per share for the current fiscal year.
Among 19 analysts covering Infinera Corp.
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In other Infinera Corporation news, President David F. Welch sold 40,000 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $12.09, for a total transaction of $483,600.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President David F. Welch sold 5,000 shares of the business's stock in a transaction on Wednesday, July 19th. They now have a $12.50 target price on the communications equipment provider's stock, up from their prior target price of $12.00. The disclosure for this sale can be found here. Institutional owners hold 82.80% stake in the company, while Insiders ownership held at 0.40%.
Shares of Infinera Corporation (NASDAQ:INFN) now have an Average Brokerage Recommendation of 2.13, number of Recs in ABR is 15 while industry rank of the company by ABR is 191 out of 265. For the quarter, shares have been noted at 0.21%. American International Group Inc. now owns 85,117 shares of the communications equipment provider's stock valued at $871,000 after buying an additional 4,294 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in Infinera Corporation by 2,399.2% in the first quarter. The recent move of -16.56% drop pushed the stock to close at $9.57 when trading ended on August 4, 2017. Karp Capital Management Corp bought a new position in Infinera Corporation during the first quarter worth approximately $106,000. US Bancorp DE raised its position in Infinera Corp.by 13.7% in the second quarter. State Street Corp now owns 2,586,445 shares of the communications equipment provider's stock valued at $21,961,000 after buying an additional 192,667 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Infinera Corporation by 521.5% in the second quarter. Princeton Capital Management Inc. now owns 96,318 shares of the communications equipment provider's stock valued at $985,000 after buying an additional 8,316 shares in the last quarter.