Infinera (INFN) Given Daily Coverage Optimism Rating of 0.14

Media coverage about Infinera (NASDAQ:INFN) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Infinera earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 45.0238223445991 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern’s analysis:

Several research firms recently weighed in on INFN. B. Riley reiterated a “buy” rating and set a $14.00 target price on shares of Infinera in a research report on Friday, August 4th. Craig Hallum reiterated a “buy” rating and set a $10.00 target price (down from $15.00) on shares of Infinera in a research report on Thursday, November 9th. Zacks Investment Research downgraded Infinera from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Citigroup Inc. increased their target price on Infinera from $8.50 to $10.00 and gave the stock a “sell” rating in a research report on Friday, July 21st. Finally, MKM Partners reiterated a “buy” rating and set a $14.00 target price on shares of Infinera in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. Infinera presently has an average rating of “Hold” and a consensus price target of $10.96.

Shares of Infinera (NASDAQ INFN) traded down $0.02 during trading hours on Friday, hitting $7.04. The company had a trading volume of 1,480,000 shares, compared to its average volume of 1,990,000. Infinera has a 1-year low of $6.27 and a 1-year high of $12.50.

Infinera (NASDAQ:INFN) last announced its earnings results on Wednesday, November 8th. The communications equipment provider reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.12. The business had revenue of $192.60 million for the quarter, compared to the consensus estimate of $190.37 million. Infinera had a negative return on equity of 20.32% and a negative net margin of 19.33%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the business posted ($0.15) EPS. research analysts predict that Infinera will post -0.85 earnings per share for the current year.

In other Infinera news, President David F. Welch sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $9.02, for a total transaction of $180,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas J. Fallon acquired 100,000 shares of the stock in a transaction on Monday, November 13th. The shares were acquired at an average price of $6.33 per share, with a total value of $633,000.00. The disclosure for this purchase can be found here. Company insiders own 2.90% of the company’s stock.

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About Infinera

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.

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