Press coverage about Infinera (NASDAQ:INFN) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog 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 media sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the communications equipment provider an impact score of 46.8705737839916 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
Several analysts recently weighed in on INFN shares. B. Riley restated a “buy” rating and set a $12.00 price objective (down from $14.00) on shares of Infinera in a research report on Tuesday, November 7th. BidaskClub upgraded Infinera from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Zacks Investment Research downgraded Infinera from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Citigroup dropped their target price on Infinera from $8.50 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Finally, ValuEngine downgraded Infinera from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $11.27.
Infinera (NASDAQ:INFN) opened at $10.82 on Wednesday. The company has a market capitalization of $1,620.00, a PE ratio of -8.26 and a beta of 0.63. Infinera has a 1 year low of $6.10 and a 1 year high of $12.38.
Infinera (NASDAQ:INFN) last issued its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.01. The company had revenue of $195.82 million during the quarter, compared to analysts’ expectations of $190.26 million. Infinera had a negative return on equity of 16.77% and a negative net margin of 26.26%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. equities analysts expect that Infinera will post -0.43 EPS for the current fiscal year.
In other news, insider David F. Welch sold 60,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $9.07, for a total value of $544,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David F. Welch sold 80,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $9.14, for a total value of $731,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 289,093 shares of company stock valued at $2,770,803. Insiders own 3.10% of the company’s stock.
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.