Infinera Corporation (INFN) Receiving Somewhat Favorable News Coverage, Study Finds

Xavier Trudeau
Juin 20, 2017

Salem Investment Counselors Inc. now owns 21,150 shares of the communications equipment provider's stock worth $191,000 after buying an additional 1,175 shares during the period. Karp Capital Management Corp acquired a new position in shares of Infinera Corporation during the first quarter worth about $106,000. Independent Portfolio Consultants Inc. boosted its stake in shares of Infinera Corporation by 2,399.2% in the first quarter.

A number of large investors have recently modified their holdings of the company. Highbridge Capital Management LLC purchased a new position in Infinera Corporation during the first quarter worth $380,000. Alpha One also gave media stories about the communications equipment provider an impact score of 91 out of 100, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days. Finally, Envestnet Asset Management Inc. boosted its position in shares of Infinera Corporation by 55.2% in the fourth quarter. Divisar Capital Management LLC now owns 713,606 shares of the communications equipment provider's stock worth $7,300,000 after buying an additional 135,886 shares during the last quarter.

Infinera Corporation (NASDAQ:INFN) last issued its earnings results on Thursday, May 4th. Teachers Advisors LLC now owns 227,971 shares of the communications equipment provider's stock valued at $2,059,000 after buying an additional 3,383 shares in the last quarter. The stock's market capitalization is $1.69 billion.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 22.59%, and has a solid year to date (YTD) performance of 35.69% which means the stock is constantly adding to its value from the previous fiscal year end price. Infinera Corporation has a 12 month low of $7.23 and a 12 month high of $13.24. The communications equipment provider reported ($0.15) EPS for the quarter, hitting the consensus estimate of ($0.15). The firm had revenue of $175.50 million during the quarter, compared to analyst estimates of $172.62 million. Infinera Corporation had a negative net margin of 9.54% and a negative return on equity of 4.94%. The firm's quarterly revenue was down 28.3% compared to the same quarter a year ago. During the same quarter in the prior year, the business earned $0.19 earnings per share. On average, analysts forecast that Infinera Corporation will post ($0.44) earnings per share for the current year.

Receive News & Ratings for Infinera Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infinera Corporation and related companies with MarketBeat.com's FREE daily email newsletter. If you are accessing this piece on another website, it was stolen and reposted in violation of US and worldwide copyright and trademark legislation. The original version of this news story can be viewed at https://www.chaffeybreeze.com/2017/06/17/bank-of-new-york-mellon-corp-boosts-position-in-infinera-corp-infn-updated-updated.html.

INFN has been the topic of several research reports. Zacks Investment Research cut shares of Infinera Corporation from a "hold" rating to a "sell" rating in a report on Wednesday, May 3rd. MKM Partners reiterated a "neutral" rating and set a $9.00 price objective on shares of Infinera Corporation in a research report on Friday, March 31st. Wells Fargo & Company raised Infinera Corporation from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $10.00 to $13.00 in a research report on Friday, May 26th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Needham & Company LLC boosted their target price on Infinera Corporation from $12.50 to $13.50 and gave the stock a strong-buy rating in a research report on Friday, February 10th.

D'autres rapports CampDesrEcrues

Discuter de cet article

SUIVRE NOTRE JOURNAL