Wall Street analysts predict that Infinera Corp. (NASDAQ:INFN) will announce earnings of ($0.23) per share for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Infinera Corp.’s earnings. The lowest EPS estimate is ($0.25) and the highest is ($0.21). Infinera Corp. posted earnings of $0.14 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 264.3%. The firm is expected to announce its next earnings results after the market closes on Thursday, May 4th.

According to Zacks, analysts expect that Infinera Corp. will report full-year earnings of ($0.57) per share for the current year, with EPS estimates ranging from ($0.68) to ($0.39). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.10) per share, with EPS estimates ranging from ($0.39) to $0.13. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Infinera Corp..

Infinera Corp. (NASDAQ:INFN) last issued its quarterly earnings results on Thursday, February 9th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. Infinera Corp. had a positive return on equity of 1.60% and a negative net margin of 2.75%. The company had revenue of $181 million for the quarter, compared to analysts’ expectations of $175.37 million. During the same period last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was down 30.4% on a year-over-year basis.

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INFN has been the subject of a number of recent analyst reports. Goldman Sachs Group Inc upgraded shares of Infinera Corp. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $10.00 to $13.50 in a research report on Thursday, March 16th. B. Riley restated a “neutral” rating and issued a $9.00 price objective on shares of Infinera Corp. in a research report on Tuesday, February 7th. MKM Partners restated a “neutral” rating and issued a $8.00 price objective on shares of Infinera Corp. in a research report on Sunday, January 15th. Needham & Company LLC increased their target price on Infinera Corp. from $12.50 to $13.50 and gave the stock a “strong-buy” rating in a report on Friday, February 10th. Finally, William Blair reiterated a “buy” rating on shares of Infinera Corp. in a report on Sunday, February 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $10.95.

Large investors have recently modified their holdings of the stock. Stoneridge Investment Partners LLC increased its stake in shares of Infinera Corp. by 321.9% in the third quarter. Stoneridge Investment Partners LLC now owns 205,695 shares of the communications equipment provider’s stock valued at $1,857,000 after buying an additional 156,938 shares during the period. Suffolk Capital Management LLC increased its stake in shares of Infinera Corp. by 11.1% in the third quarter. Suffolk Capital Management LLC now owns 194,391 shares of the communications equipment provider’s stock valued at $1,755,000 after buying an additional 19,368 shares during the period. Markston International LLC increased its stake in shares of Infinera Corp. by 6.0% in the third quarter. Markston International LLC now owns 52,700 shares of the communications equipment provider’s stock valued at $476,000 after buying an additional 3,000 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Infinera Corp. by 115.5% in the third quarter. Bank of New York Mellon Corp now owns 2,429,486 shares of the communications equipment provider’s stock valued at $21,937,000 after buying an additional 1,302,228 shares during the period. Finally, Princeton Capital Management Inc. increased its stake in shares of Infinera Corp. by 23.0% in the third quarter. Princeton Capital Management Inc. now owns 102,103 shares of the communications equipment provider’s stock valued at $922,000 after buying an additional 19,067 shares during the period. Institutional investors and hedge funds own 70.16% of the company’s stock.

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Infinera Corp. (NASDAQ:INFN) opened at 9.54 on Thursday. The stock’s 50 day moving average price is $10.34 and its 200 day moving average price is $9.33. Infinera Corp. has a 12 month low of $7.23 and a 12 month high of $15.71. The firm’s market capitalization is $1.40 billion.

Infinera Corp. Company Profile

Infinera Corporation provides optical transport networking equipment, software and services to telecommunications service providers, Internet content providers (ICPs), cable providers, wholesale and enterprise carriers, research and education institutions, enterprise customers and government entities across the globe.

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