Infinera Corp. (NASDAQ:INFN) insider David F. Welch sold 60,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $9.07, for a total value of $544,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Infinera Corp. (NASDAQ INFN) traded up $0.12 during trading on Wednesday, reaching $9.56. The company’s stock had a trading volume of 1,950,000 shares, compared to its average volume of 2,010,000. Infinera Corp. has a 52 week low of $6.10 and a 52 week high of $12.38. The stock has a market capitalization of $1,430.00, a PE ratio of -7.30 and a beta of 1.24.
Infinera (NASDAQ:INFN) last released its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. Infinera had a negative return on equity of 16.77% and a negative net margin of 26.26%. The company had revenue of $195.82 million during the quarter, compared to analysts’ expectations of $190.26 million. During the same period last year, the business posted ($0.12) earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. equities analysts expect that Infinera Corp. will post -0.43 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $12.00 price objective (down previously from $14.00) on shares of Infinera in a research report on Tuesday, November 7th. BidaskClub raised Infinera from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Zacks Investment Research downgraded Infinera from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Citigroup dropped their price objective on Infinera from $8.50 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Finally, ValuEngine downgraded Infinera from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Infinera has a consensus rating of “Buy” and a consensus price target of $11.27.
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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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