Somewhat Positive News Coverage Somewhat Unlikely to Impact Infinera (INFN) Share Price

Press coverage about Infinera (NASDAQ:INFN) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Infinera earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 45.8105018247924 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

Infinera (NASDAQ:INFN) traded down $0.02 during trading hours on Wednesday, reaching $6.84. 830,999 shares of the company traded hands, compared to its average volume of 1,877,769. Infinera has a 52-week low of $6.27 and a 52-week high of $12.50. The firm has a market capitalization of $1,020.00, a price-to-earnings ratio of -6.39 and a beta of 1.43.

Infinera (NASDAQ:INFN) last posted its quarterly earnings results on Wednesday, November 8th. The communications equipment provider reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.12. Infinera had a negative net margin of 21.59% and a negative return on equity of 16.35%. The firm had revenue of $192.60 million during the quarter, compared to analyst estimates of $190.37 million. During the same quarter in the prior year, the business posted ($0.15) earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. research analysts forecast that Infinera will post -0.85 earnings per share for the current year.

A number of research analysts have recently commented on INFN shares. Needham & Company LLC reaffirmed a “strong-buy” rating and set a $13.00 price objective on shares of Infinera in a research report on Thursday, August 31st. Zacks Investment Research lowered shares of Infinera from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Citigroup raised shares of Infinera from a “sell” rating to a “neutral” rating and set a $10.00 price objective for the company in a research report on Monday, October 16th. ValuEngine lowered shares of Infinera from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Finally, B. Riley reaffirmed a “buy” rating and set a $12.00 price objective (down previously from $14.00) on shares of Infinera in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. Infinera presently has a consensus rating of “Hold” and a consensus target price of $10.96.

In other news, President David F. Welch sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $9.02, for a total transaction of $180,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas J. Fallon acquired 100,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were purchased at an average cost of $6.33 per share, with a total value of $633,000.00. The disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company’s stock.

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Infinera 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.

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