Infinera Corp (NASDAQ:INFN) Institutional Investors Sentiment

May 17, 2018 - By Christine Ryals

Infinera Corporation (NASDAQ:INFN) Logo

Sentiment for Infinera Corp (NASDAQ:INFN)

Infinera Corp (NASDAQ:INFN) institutional sentiment decreased to 0.79 in 2017 Q4. Its down -0.41, from 1.2 in 2017Q3. The ratio has dropped, as 60 hedge funds opened new or increased equity positions, while 76 sold and reduced stock positions in Infinera Corp. The hedge funds in our partner’s database now have: 124.27 million shares, down from 132.17 million shares in 2017Q3. Also, the number of hedge funds holding Infinera Corp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 23 Reduced: 53 Increased: 41 New Position: 19.

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company has market cap of $1.52 billion. The companyÂ’s product portfolio consists of Infinera DTN-X Family of terabit-class transport network platforms, including the XTC Series, XTS Series, and XT Series; and Infinera DTN platform that supports various Ethernet and optical transport network client interfaces for long-haul, subsea, and regional mesh networks. It currently has negative earnings. It also provides Infinera XTM Series carrier-grade packet-optical transport platform that enables high-performance metro networks with service-aware, application-specific capabilities; Infinera XTG Series that is a family of passive optical wavelength-division multiplexing products for metro access applications; and Infinera Cloud Xpress Family multiple platforms that are designed to meet the varying needs of cloud service providers, Internet content providers, Internet exchange service providers, enterprises, and other large-scale data center operators.

The stock increased 0.20% or $0.02 during the last trading session, reaching $10.07. About 385,912 shares traded. Infinera Corporation (NASDAQ:INFN) has risen 0.28% since May 17, 2017 and is uptrending. It has underperformed by 11.27% the S&P500.

Analysts await Infinera Corporation (NASDAQ:INFN) to report earnings on August, 2. They expect $-0.12 EPS, up 50.00 % or $0.12 from last year’s $-0.24 per share. After $-0.12 actual EPS reported by Infinera Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Adirondack Research & Management Inc. holds 1.01% of its portfolio in Infinera Corporation for 408,090 shares. Motley Fool Asset Management Llc owns 661,100 shares or 0.9% of their US portfolio. Moreover, Elk Creek Partners Llc has 0.7% invested in the company for 1.89 million shares. The California-based Granite Investment Partners Llc has invested 0.49% in the stock. Aristotle Capital Boston Llc, a Massachusetts-based fund reported 760,914 shares.

Infinera Corporation (NASDAQ:INFN) Ratings Coverage

Ratings analysis reveals 40% of Infinera’s analysts are positive. Out of 10 Wall Street analysts rating Infinera, 4 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $7.5 while the high is $13.0. The stock’s average target of $12.19 is 21.05% above today’s ($10.07) share price. INFN was included in 14 notes of analysts from January 24, 2018. The rating was maintained by B. Riley & Co on Thursday, February 8 with “Buy”. The rating was downgraded by Northland Capital to “Market Perform” on Monday, March 19. As per Friday, March 9, the company rating was maintained by Morgan Stanley. J.P. Morgan initiated the shares of INFN in report on Thursday, May 3 with “Hold” rating. The firm has “Buy” rating by William Blair given on Tuesday, February 6. Citigroup maintained it with “Neutral” rating and $12 target in Friday, March 9 report. The stock of Infinera Corporation (NASDAQ:INFN) earned “Hold” rating by FBR Capital on Tuesday, May 8. The company was maintained on Thursday, May 10 by William Blair. The firm earned “Outperform” rating on Thursday, February 8 by Northland Capital. The stock has “Neutral” rating by Citigroup on Wednesday, January 24.

More important recent Infinera Corporation (NASDAQ:INFN) news were published by: Seekingalpha.com which released: “Infinera: What To Expect From Q1 Results?” on May 04, 2018, also Nasdaq.com published article titled: “Research Report Identifies Monster Beverage, Infinera, Zynga, Calithera Biosciences, Marathon Oil, and National …”, Seekingalpha.com published: “Infinera (INFN) Q1 2018 Results – Earnings Call Transcript” on May 10, 2018. More interesting news about Infinera Corporation (NASDAQ:INFN) was released by: Globenewswire.com and their article: “Infinera Corporation Reports First Quarter 2018 Financial Results” with publication date: May 09, 2018.

Infinera Corporation (NASDAQ:INFN) Institutional Positions Chart

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