(NASDAQ:INFN) from a neutral rating to a sell rating in a research report released on Thursday morning. They now have a United States dollars 8.5 price target on the stock. Assuming higher risk rating and volatility in stock, the Street expects EPS for FY17 to be at $0.42. However brokerage recommendations suggests an ABR of 2.27 based on calls of 11 experts, where 4 brokers polls the stock a Strong Buy, 0 suggest the stock a Buy, 7 suggest Hold, 0 are rating the stock as Sell while 0 as Strong Sell. The formula to calculate ratio is stock’s latest price/ per share earnings. The analyst mentioned that he expects company’s Verizon metro 100G optical network would ramp up later in second half of the year, but will hit its impact in early next year.
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07/28/2016 – Infinera Corporation had its “neutral” rating reiterated by analysts at Nomura.
07/28/2016 – Infinera Corporation was downgraded to “market perform” by analysts at Raymond James. (OCLR). The consensus rating is 1.9, indicating analysts in general look favorably on the company’s future prospects. Infinera Corp. now has an average rating of Hold and an average target price of $15.14. However its lowest revenue estimates are 180M and highest revenue estimates are 190M. The transaction was disclosed in a document filed with the SEC, which is available at this link. While the total planted corn acres in China are expected to decline by 10% in the calendar year of 2016, which may affect the Company’s full year volume and revenue, the Company has been able to maintain a consistent market share in the corn seed business in China.
A number of hedge funds recently modified their holdings of the stock. Bogle Investment Management L P DE bought a new stake in shares of Infinera Corp. during the first quarter worth $1,511,000. This year Company’s Earnings per Share (EPS) growth is 1.40% and next year’s EPS growth is 10.36%. Moreover, Greenbrier Partners Capital Management Llc has 1.55% invested in the company for 500,000 shares. Geode Capital Management LLC now owns 939,233 shares of the company’s stock worth $15,084,000 after buying an additional 38,891 shares in the last quarter. The Stock has its 52-week High of $22.85 and 52-Week Low of $8.2 and it touched its 52-week high on Dec 2, 2015 and 52-Week Low on Jul 28, 2016.
Infinera Corporation (NASDAQ:INFN) has a 1 Year Target Estimate of $10.09. The company’s stock had a trading volume of 439,753 shares. Current price places the company’s stock 60.51% away from its 200-day simple moving average, 31.6%, away from the 50-day average and also 13.67% away from 20-day average. The stock has its Price to Earnings (P/E) ratio of 29.18 and Forward Price to Earnings ratio of 20.58.
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Infinera Corp. (NASDAQ:INFN) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03.
