Infinera Co. (NASDAQ:INFN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Infinera Co. (NASDAQ:INFN) has been given a consensus rating of “Moderate Buy” by the five analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $6.72.

A number of equities research analysts have issued reports on INFN shares. Needham & Company LLC lowered their price target on Infinera from $15.00 to $10.00 and set a “strong-buy” rating for the company in a research report on Thursday, August 10th. Rosenblatt Securities restated a “buy” rating and set a $6.00 price objective on shares of Infinera in a research note on Friday, August 25th. StockNews.com upgraded Infinera from a “sell” rating to a “hold” rating in a research note on Thursday, October 19th. Stifel Nicolaus initiated coverage on Infinera in a research note on Wednesday, September 27th. They set a “buy” rating and a $7.00 price objective on the stock. Finally, Jefferies Financial Group upgraded Infinera from an “underperform” rating to a “hold” rating in a research note on Friday, August 11th.

Infinera Price Performance

INFN stock opened at $4.22 on Thursday. The stock has a 50-day moving average price of $3.71 and a two-hundred day moving average price of $4.28. Infinera has a 12-month low of $2.82 and a 12-month high of $7.80. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 4.04. The company has a market cap of $957.62 million, a PE ratio of -105.50 and a beta of 1.40.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its stake in shares of Infinera by 128.3% in the first quarter. Nisa Investment Advisors LLC now owns 3,808 shares of the communications equipment provider’s stock worth $30,000 after acquiring an additional 2,140 shares in the last quarter. Clear Street Markets LLC bought a new stake in Infinera in the first quarter valued at about $39,000. Tower Research Capital LLC TRC increased its holdings in Infinera by 85.4% in the first quarter. Tower Research Capital LLC TRC now owns 5,291 shares of the communications equipment provider’s stock valued at $41,000 after buying an additional 2,437 shares during the last quarter. Stephens Inc. AR bought a new stake in Infinera in the second quarter valued at about $49,000. Finally, Creative Planning increased its holdings in Infinera by 33.2% in the third quarter. Creative Planning now owns 14,244 shares of the communications equipment provider’s stock valued at $60,000 after buying an additional 3,547 shares during the last quarter. Institutional investors and hedge funds own 99.49% of the company’s stock.

Infinera Company Profile

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.