Brokers Set Expectations for Infinera Corp.’s Q2 2019 Earnings (INFN)

Infinera Corp. (NASDAQ:INFN) – Equities research analysts at William Blair issued their Q2 2019 earnings per share estimates for shares of Infinera in a report released on Thursday. William Blair analyst D. Netis anticipates that the communications equipment provider will earn ($0.04) per share for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Infinera’s Q4 2019 earnings at $0.06 EPS.

A number of other research analysts have also recently commented on the stock. ValuEngine raised shares of Infinera from a “sell” rating to a “hold” rating in a research report on Thursday. B. Riley boosted their target price on shares of Infinera from $10.75 to $11.00 and gave the stock a “buy” rating in a research report on Thursday. Northland Securities raised shares of Infinera from a “market perform” rating to an “outperform” rating and set a $11.00 target price on the stock in a research report on Thursday. BidaskClub raised shares of Infinera from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 7th. Finally, Citigroup reduced their target price on shares of Infinera from $8.50 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. Infinera presently has a consensus rating of “Hold” and an average target price of $11.27.

Infinera (INFN) opened at $9.33 on Monday. Infinera has a 12-month low of $6.10 and a 12-month high of $12.50.

Infinera (NASDAQ:INFN) last posted its earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. Infinera had a negative net margin of 26.26% and a negative return on equity of 16.77%. The business had revenue of $195.82 million for the quarter, compared to analysts’ expectations of $190.26 million. During the same period in the previous year, the company posted ($0.12) earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year.

Large investors have recently modified their holdings of the stock. Prudential Financial Inc. increased its stake in shares of Infinera by 4.9% in the second quarter. Prudential Financial Inc. now owns 15,110 shares of the communications equipment provider’s stock worth $161,000 after buying an additional 710 shares during the last quarter. Amalgamated Bank increased its stake in shares of Infinera by 5.7% in the second quarter. Amalgamated Bank now owns 18,344 shares of the communications equipment provider’s stock worth $196,000 after buying an additional 992 shares during the last quarter. Aperio Group LLC increased its stake in shares of Infinera by 87.6% in the third quarter. Aperio Group LLC now owns 18,948 shares of the communications equipment provider’s stock worth $168,000 after buying an additional 8,847 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Infinera in the fourth quarter worth $155,000. Finally, Gainplan LLC bought a new stake in shares of Infinera in the third quarter worth $302,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

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Infinera 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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