Equities research analysts forecast that Infinera Corp. (NASDAQ:INFN) will post earnings per share (EPS) of ($0.16) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Infinera’s earnings. The lowest EPS estimate is ($0.18) and the highest is ($0.15). Infinera posted earnings per share of ($0.04) in the same quarter last year, which indicates a negative year-over-year growth rate of 300%. The company is scheduled to report its next quarterly earnings results on Tuesday, November 5th.
On average, analysts expect that Infinera will report full-year earnings of ($0.66) per share for the current fiscal year, with EPS estimates ranging from ($0.73) to ($0.59). For the next financial year, analysts forecast that the business will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.30) to $0.10. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Infinera.
Infinera (NASDAQ:INFN) last issued its earnings results on Wednesday, August 7th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.11. Infinera had a negative return on equity of 27.60% and a negative net margin of 35.53%. The company had revenue of $296.25 million for the quarter, compared to analysts’ expectations of $300.40 million. During the same period last year, the business earned ($0.01) EPS. Infinera’s quarterly revenue was up 42.3% compared to the same quarter last year.
Institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Infinera by 95.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 22,010 shares of the communications equipment provider’s stock valued at $66,000 after purchasing an additional 10,733 shares during the last quarter. US Bancorp DE increased its position in shares of Infinera by 20.1% during the 2nd quarter. US Bancorp DE now owns 24,211 shares of the communications equipment provider’s stock valued at $70,000 after purchasing an additional 4,051 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Infinera during the 2nd quarter valued at $76,000. UBS Asset Management Americas Inc. increased its position in shares of Infinera by 20.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 107,673 shares of the communications equipment provider’s stock valued at $313,000 after purchasing an additional 18,036 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in Infinera by 67.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 118,865 shares of the communications equipment provider’s stock worth $346,000 after acquiring an additional 47,692 shares during the last quarter. 79.14% of the stock is owned by hedge funds and other institutional investors.
NASDAQ INFN traded up $0.03 on Wednesday, reaching $5.49. The company had a trading volume of 1,412,815 shares, compared to its average volume of 2,605,915. The stock has a market capitalization of $966.95 million, a P/E ratio of -8.58 and a beta of 0.61. The company’s fifty day moving average is $5.35 and its 200 day moving average is $4.17. Infinera has a 52-week low of $2.80 and a 52-week high of $6.42. The company has a quick ratio of 0.91, a current ratio of 1.54 and a debt-to-equity ratio of 0.67.
Infinera Corporation provides optical transport networking equipment and software and services worldwide. The company's product portfolio consists of Infinera DTN-X Family of terabit-class transport network platforms, including the XTC Series, XTS Series, and XT Series; Infinera DTN-X XTC series multi-terabit packet optical transport platforms that integrate digital OTN switching and optical WDM transmission; and Infinera DTN-X XT series for terrestrial applications and XTS series for subsea applications.
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