Share on StockTwits
 

Infinera Corp. (NASDAQ:INFN) issued its quarterly earnings data on Wednesday. The company reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.02, StockRatingsNetwork reports. The company had revenue of $139.10 million for the quarter, compared to the consensus estimate of $136.21 million. During the same quarter last year, the company posted ($0.05) earnings per share. Infinera Corp.’s revenue was up 8.6% compared to the same quarter last year.

Several analysts have recently commented on the stock. Analysts at MKM Partners cut their price target on shares of Infinera Corp. from $14.00 to $10.00 in a research note to investors on Wednesday, January 22nd. They now have a “buy” rating on the stock. Analysts at FBR Capital Markets initiated coverage on shares of Infinera Corp. in a research note to investors on Thursday, December 19th. They set an “outperform” rating and a $12.50 price target on the stock. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $12.18.

Shares of Infinera Corp. (NASDAQ:INFN) traded up 29.04% on Thursday, hitting $9.11. The stock had a trading volume of 10,075,108 shares. Infinera Corp. has a 52-week low of $6.06 and a 52-week high of $12.16. The stock has a 50-day moving average of $8.95 and a 200-day moving average of $10.14. The company’s market cap is $1.089 billion.

Infinera Corporation (NASDAQ:INFN) provides optical networking equipment, software and services to communications service providers, Internet content providers, cable operators and subsea network operators (collectively, Service Providers) across the globe.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.