Infinera Corp. (INFN) Scheduled to Post Earnings on Wednesday
Infinera Corp. (NASDAQ:INFN) will post its Q214 quarterly earnings results on Wednesday, July 23rd. Analysts expect Infinera Corp. to post earnings of $0.04 per share and revenue of $165.38 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Infinera Corp. (NASDAQ:INFN) last announced its earnings results on Wednesday, April 23rd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The company had revenue of $142.82 million for the quarter, compared to the consensus estimate of $140.46 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, analysts expect Infinera Corp. to post $0.18 EPS for the current fiscal year and $0.33 EPS for the next fiscal year.
Infinera Corp. (NASDAQ:INFN) opened at 9.14 on Tuesday. Infinera Corp. has a 1-year low of $6.96 and a 1-year high of $12.02. The stock’s 50-day moving average is $9.10 and its 200-day moving average is $8.83. The company’s market cap is $1.120 billion.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Infinera Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 17th. They now have a $10.00 price target on the stock. On a related note, analysts at Goldman Sachs upgraded shares of Infinera Corp. from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, April 29th. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Infinera Corp. in a research note on Thursday, April 24th. They now have a $10.50 price target on the stock. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $11.86.
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.
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