Infinera Corporation to Post Q4 2017 Earnings of $0.04 Per Share, William Blair Forecasts (INFN)

Infinera Corporation (NASDAQ:INFN) – Investment analysts at William Blair cut their Q4 2017 earnings per share estimates for Infinera Corporation in a research note issued on Tuesday. William Blair analyst D. Netis now anticipates that the brokerage will earn $0.04 per share for the quarter, down from their previous estimate of $0.11. William Blair has a “Buy” rating on the stock.

Several other research analysts have also commented on the company. Needham & Company LLC reaffirmed a “strong-buy” rating and set a $12.50 price target on shares of Infinera Corporation in a research report on Sunday, November 20th. Zacks Investment Research raised Infinera Corporation from a “sell” rating to a “hold” rating in a research report on Friday, November 11th. B. Riley reaffirmed a “neutral” rating and set a $9.00 price target on shares of Infinera Corporation in a research report on Tuesday, November 1st. Finally, Stifel Nicolaus began coverage on Infinera Corporation in a research report on Friday, September 30th. They set a “hold” rating and a $9.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $12.42.

Earnings History and Estimates for Infinera Corporation (NASDAQ:INFN)

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Shares of Infinera Corporation (NASDAQ:INFN) traded up 2.70% on Wednesday, hitting $8.76. The stock had a trading volume of 1,228,487 shares. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 51.23 and a beta of 1.50. The firm’s 50-day moving average is $8.62 and its 200-day moving average is $9.23. Infinera Corporation has a one year low of $7.23 and a one year high of $17.04.

Infinera Corporation (NASDAQ:INFN) last announced its earnings results on Wednesday, October 26th. The company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.12. The business earned $185.45 million during the quarter, compared to the consensus estimate of $185.50 million. Infinera Corporation had a return on equity of 7.91% and a net margin of 2.63%. The business’s quarterly revenue was down 20.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS.

TRADEMARK VIOLATION WARNING: “Infinera Corporation to Post Q4 2017 Earnings of $0.04 Per Share, William Blair Forecasts (INFN)” was reported by Sports Perspectives and is the propert of of Sports Perspectives. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/01/11/infinera-corporation-to-post-q4-2017-earnings-of-0-04-per-share-william-blair-forecasts-infn.html.

A number of hedge funds have recently bought and sold shares of INFN. Kornitzer Capital Management Inc. KS increased its stake in Infinera Corporation by 29.2% in the second quarter. Kornitzer Capital Management Inc. KS now owns 886,765 shares of the company’s stock worth $10,003,000 after buying an additional 200,585 shares during the last quarter. Eagle Asset Management Inc. increased its stake in Infinera Corporation by 45.6% in the third quarter. Eagle Asset Management Inc. now owns 2,844,945 shares of the company’s stock worth $25,689,000 after buying an additional 891,570 shares during the last quarter. Macquarie Group Ltd. increased its stake in Infinera Corporation by 68.2% in the second quarter. Macquarie Group Ltd. now owns 1,237,303 shares of the company’s stock worth $13,957,000 after buying an additional 501,822 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Infinera Corporation by 50.7% in the third quarter. Neuberger Berman Group LLC now owns 3,334,750 shares of the company’s stock worth $30,113,000 after buying an additional 1,121,631 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Infinera Corporation by 40.6% in the third quarter. Canada Pension Plan Investment Board now owns 878,799 shares of the company’s stock worth $7,936,000 after buying an additional 253,700 shares during the last quarter. Institutional investors own 67.61% of the company’s stock.

About Infinera Corporation

Infinera Corporation is a provider of optical transport networking systems to service providers. The Company operates through optical transport networking systems segment. The Company serves Tier 1 and Tier 2 telecommunications service providers, Internet content providers, cable operators, wholesale and enterprise carriers, research and education institutions and government entities around the world.

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