Analysts Expect Infinera Corp. (NASDAQ:INFN) to Post -$0.16 EPS

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.

INFN has been the subject of a number of analyst reports. MKM Partners increased their price target on Infinera from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Needham & Company LLC reissued a “buy” rating and issued a $9.00 price target on shares of Infinera in a research report on Monday, September 30th. ValuEngine lowered Infinera from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. B. Riley increased their price target on Infinera from $6.50 to $8.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, Goldman Sachs Group raised Infinera from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $6.23.

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.

About Infinera

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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Earnings History and Estimates for Infinera (NASDAQ:INFN)

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