Somewhat Favorable News Coverage Somewhat Unlikely to Impact Infinera Corporation (NASDAQ:INFN) Stock Price

News coverage about Infinera Corporation (NASDAQ:INFN) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Infinera Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 45.7568178262352 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

Infinera Corporation (NASDAQ:INFN) opened at 8.40 on Friday. The company’s market cap is $1.24 billion. Infinera Corporation has a 12-month low of $7.23 and a 12-month high of $12.50. The firm has a 50 day moving average price of $10.61 and a 200 day moving average price of $10.43.

Infinera Corporation (NASDAQ:INFN) last posted its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by $0.01. Infinera Corporation had a negative net margin of 18.18% and a negative return on equity of 12.39%. The firm had revenue of $176.28 million during the quarter, compared to the consensus estimate of $181.16 million. During the same period in the prior year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was down 31.9% compared to the same quarter last year. On average, analysts anticipate that Infinera Corporation will post ($0.56) earnings per share for the current fiscal year.

INFN has been the subject of a number of research reports. Zacks Investment Research downgraded Infinera Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Wells Fargo & Company upgraded 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 note on Friday, May 26th. Needham & Company LLC restated a “strong-buy” rating and issued a $13.50 target price on shares of Infinera Corporation in a research note on Monday, May 8th. TheStreet downgraded Infinera Corporation from a “c-” rating to a “d+” rating in a research note on Monday, May 15th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $12.50 price objective (up from $12.00) on shares of Infinera Corporation in a research report on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $11.82.

WARNING: “Somewhat Favorable News Coverage Somewhat Unlikely to Impact Infinera Corporation (NASDAQ:INFN) Stock Price” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.com-unik.info/2017/08/19/infinera-corporation-nasdaqinfn-earning-somewhat-favorable-media-coverage-study-shows-updated-updated.html.

In related news, President David F. Welch sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $9.29, for a total transaction of $185,800.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President David F. Welch sold 40,000 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $12.09, for a total transaction of $483,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 65,000 shares of company stock worth $729,400 in the last quarter. 2.90% of the stock is owned by corporate insiders.

Infinera Corporation 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.

Insider Buying and Selling by Quarter for Infinera Corporation (NASDAQ:INFN)

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