-$0.27 Earnings Per Share Expected for Infinera Corp. (INFN) This Quarter

Equities research analysts expect Infinera Corp. (NASDAQ:INFN) to post earnings of ($0.27) per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Infinera’s earnings, with the highest EPS estimate coming in at ($0.22) and the lowest estimate coming in at ($0.29). Infinera reported earnings per share of ($0.12) in the same quarter last year, which suggests a negative year over year growth rate of 125%. The company is scheduled to report its next earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that Infinera will report full-year earnings of ($0.39) per share for the current fiscal year, with EPS estimates ranging from ($0.42) to ($0.32). For the next year, analysts anticipate that the company will report earnings of ($0.40) per share, with EPS estimates ranging from ($0.57) to ($0.22). Zacks’ EPS averages are an average based on a survey of research analysts that follow Infinera.

Infinera (NASDAQ:INFN) last released its quarterly earnings results on Tuesday, November 6th. The communications equipment provider reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). Infinera had a negative return on equity of 11.58% and a negative net margin of 19.18%. The firm had revenue of $200.41 million for the quarter, compared to analysts’ expectations of $210.57 million. During the same quarter last year, the firm posted ($0.11) EPS. The company’s revenue was up 4.1% compared to the same quarter last year.

Several analysts have weighed in on the company. BidaskClub raised Infinera from a “sell” rating to a “hold” rating in a report on Saturday, November 3rd. Zacks Investment Research cut Infinera from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Morgan Stanley began coverage on Infinera in a report on Tuesday, September 25th. They set an “overweight” rating and a $9.50 price objective on the stock. Northland Securities set a $7.00 price objective on Infinera and gave the company a “hold” rating in a report on Thursday, December 20th. Finally, Stifel Nicolaus began coverage on Infinera in a report on Monday, October 22nd. They set a “hold” rating and a $8.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Infinera presently has an average rating of “Hold” and an average target price of $8.80.

In other news, CEO Thomas J. Fallon acquired 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were bought at an average cost of $4.63 per share, with a total value of $231,500.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Brad Feller acquired 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The shares were purchased at an average cost of $4.50 per share, for a total transaction of $180,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 150,000 shares of company stock worth $675,900. 3.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its position in Infinera by 3.3% during the 3rd quarter. FMR LLC now owns 23,100,000 shares of the communications equipment provider’s stock worth $168,630,000 after acquiring an additional 742,901 shares during the last quarter. Vanguard Group Inc. grew its position in Infinera by 6.9% during the 3rd quarter. Vanguard Group Inc. now owns 14,318,728 shares of the communications equipment provider’s stock worth $104,526,000 after acquiring an additional 918,279 shares during the last quarter. Vanguard Group Inc grew its position in Infinera by 6.9% during the 3rd quarter. Vanguard Group Inc now owns 14,318,728 shares of the communications equipment provider’s stock worth $104,526,000 after acquiring an additional 918,279 shares during the last quarter. Bank of New York Mellon Corp grew its position in Infinera by 10.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,804,996 shares of the communications equipment provider’s stock worth $137,084,000 after acquiring an additional 1,265,072 shares during the last quarter. Finally, BlackRock Inc. grew its position in Infinera by 12.5% during the 2nd quarter. BlackRock Inc. now owns 10,961,436 shares of the communications equipment provider’s stock worth $108,849,000 after acquiring an additional 1,222,230 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Shares of NASDAQ:INFN traded down $0.07 on Monday, hitting $4.29. The company’s stock had a trading volume of 1,633,927 shares, compared to its average volume of 2,450,750. Infinera has a 1 year low of $3.54 and a 1 year high of $12.39. The stock has a market cap of $757.69 million, a P/E ratio of -5.17 and a beta of 0.53. The company has a quick ratio of 2.95, a current ratio of 3.92 and a debt-to-equity ratio of 0.37.

About Infinera

Infinera Corporation provides optical transport networking solutions, 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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