Equity research analysts predict that Infinera Co. (NASDAQ: INFN) will post earnings of ($ 0.04) per share for the current fiscal quarter, according to Zacks. Five analysts provided revenue estimates for Infinera, with estimates ranging from ($ 0.05) to $ 0.00. Infinera reported earnings per share of $ 0.02 in the same quarter last year, indicating a negative growth rate of 300% year-over-year. The company is expected to release its next earnings report on Thursday, November 4.

According to Zacks, analysts expect Infinera to report annual earnings of ($ 0.06) per share for the current year, with EPS estimates ranging from $ 0.12 to $ 0.01. For the next fiscal year, analysts expect the company to report earnings of $ 0.29 per share, with EPS estimates ranging from $ 0.15 to $ 0.40. Zacks Investment Research’s EPS averages are an average based on a survey of analysts who cover Infinera.

Infinera (NASDAQ: INFN) last reported its results on Monday, August 2. The communications equipment vendor reported ($ 0.03) BPA for the quarter, beating the Zacks’ consensus estimate of ($ 0.05) by $ 0.02. Infinera had a negative net margin of 9.52% and a negative return on equity of 6.34%. In the same quarter of the previous year, the company posted ($ 0.09) EPS.

A number of analysts weighed on the title. Wolfe Research Upgraded Infinera Shares From An “Underperformance” Rating To A “Peer Performance” Rating And Set A Price Target Of $ 10.00 For The Company In A Research Note Thursday May 13. Northland Securities raised its price target for Infinera shares from $ 6.00 to $ 7.00 and gave the company a “market performance” rating in a research report released on Wednesday, May 5. Needham & Company LLC reiterated a “buy” note and set a target price of $ 15.00 on Infinera shares in a research note on Monday, May 24. Finally, Zacks Investment Research downgraded Infinera from a “hold” rating to a “sell” rating in a report released on Friday, August 6. One analyst rated the stock with a sell rating, four issued a conservation rating, and two assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $ 11.00.

INFN opened at $ 8.75 on Wednesday. The stock has a market cap of $ 1.83 billion, a price-to-earnings ratio of -13.46 and a beta of 1.23. The stock has a 50-day moving average of $ 9.68. Infinera has a one-year low of $ 5.76 and a one-year high of $ 11.51. The company has a current ratio of 1.78, a quick ratio of 1.24 and a debt ratio of 1.22.

In other Infinera news, director Paul J. Milbury sold 14,850 shares in a trade on Friday, May 28. The stock was sold for an average price of $ 9.58, for a total value of $ 142,263.00. As a result of the sale, the director now owns 121,607 shares of the company, valued at $ 1,164,995.06. The transaction was disclosed in a legal file with the SEC, which can be accessed through the SEC’s website. In addition, director Thomas J. Fallon sold 172,564 shares of the company in a trade on Thursday, June 3. The stock was sold for an average price of $ 10.12, for a total value of $ 1,746,347.68. Disclosure of this sale can be found here. Insiders have sold a total of 214,714 shares of the company valued at $ 2,156,584 in the past 90 days. 2.03% of the shares are currently held by insiders of the company.

A number of institutional investors and hedge funds have recently bought and sold shares in the company. Commonwealth Equity Services LLC increased its stake in Infinera by 7.3% in the first quarter. Commonwealth Equity Services LLC now owns 22,474 shares of the communications equipment supplier valued at $ 216,000 after acquiring an additional 1,530 shares in the last quarter. Arizona State Retirement System strengthened its position in Infinera by 3.4% during the 1st quarter. Arizona State Retirement System now owns 50,583 shares of the communications equipment supplier valued at $ 487,000 after purchasing an additional 1,675 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Infinera by 8.1% in the second quarter. Principal Financial Group Inc. now owns 28,450 shares of the communications equipment supplier valued at $ 290,000 after acquiring 2,133 additional shares in the last quarter. ProShare Advisors LLC increased its stake in Infinera shares by 5.3% during the second quarter. ProShare Advisors LLC now owns 46,165 shares of the communications equipment supplier valued at $ 471,000 after acquiring 2,319 additional shares in the last quarter. Finally, Quantitative Investment Management LLC increased its stake in Infinera shares by 7.3% during the first quarter. Quantitative Investment Management LLC now owns 35,796 shares of the communications equipment supplier valued at $ 344,000 after acquiring 2,445 additional shares in the last quarter. Institutional investors hold 86.28% of the shares of the company.

Infinera Company Profile

Infinera Corp. engages in providing networking solutions, which consist of networking equipment, software and services. It operates through the following geographic segments: United States, other Americas, Europe, Middle East and Africa, and Asia-Pacific and Japan. Its products include control and automation, network routers, optical packets and compact modular modules.

Recommended Story: Do Investors Pay A Separate Entry Fee Each Time They Buy Additional Stocks?

Get a Free Copy of Zacks’ Infinera Research Report (INFN)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Infinera now?

Before you consider Infinera, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Infinera was not on the list.

Although Infinera currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here