Infinera Target of Unusually High Options Trading (INFN)

Infinera Corp. (NASDAQ:INFN) saw some unusual options trading activity on Wednesday. Stock investors acquired 6,132 put options on the stock. This is an increase of 1,072% compared to the typical daily volume of 523 put options.

Large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Infinera by 100.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,567 shares of the communications equipment provider’s stock worth $155,000 after acquiring an additional 7,800 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in Infinera during the second quarter worth about $242,000. Gilder Gagnon Howe & Co. LLC increased its position in Infinera by 48.6% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 56,473 shares of the communications equipment provider’s stock worth $412,000 after acquiring an additional 18,457 shares during the period. Legal & General Group Plc increased its position in Infinera by 21.1% during the first quarter. Legal & General Group Plc now owns 69,314 shares of the communications equipment provider’s stock worth $753,000 after acquiring an additional 12,098 shares during the period. Finally, Princeton Capital Management LLC increased its position in Infinera by 40.7% during the second quarter. Princeton Capital Management LLC now owns 101,192 shares of the communications equipment provider’s stock worth $1,005,000 after acquiring an additional 29,286 shares during the period. 82.94% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:INFN opened at $5.54 on Thursday. Infinera has a 52 week low of $5.24 and a 52 week high of $12.39. The stock has a market cap of $829.21 million, a P/E ratio of -6.67 and a beta of 0.07.

Infinera (NASDAQ:INFN) last released its quarterly earnings results on Tuesday, August 7th. The communications equipment provider reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Infinera had a negative net margin of 19.95% and a negative return on equity of 13.09%. The business had revenue of $208.23 million for the quarter, compared to analyst estimates of $208.96 million. During the same period last year, the firm earned ($0.15) earnings per share. On average, analysts anticipate that Infinera will post -0.56 EPS for the current year.

Several equities analysts have recently weighed in on the stock. MKM Partners dropped their price objective on shares of Infinera to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 24th. Zacks Investment Research lowered shares of Infinera from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. Morgan Stanley assumed coverage on shares of Infinera in a research report on Tuesday, September 25th. They issued an “overweight” rating and a $9.50 price objective on the stock. BidaskClub lowered shares of Infinera from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Finally, Stifel Nicolaus assumed coverage on shares of Infinera in a research report on Monday, October 22nd. They issued a “hold” rating and a $8.00 price objective on the stock. Five analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $10.66.

Infinera Company Profile

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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