News headlines about Infinera (NASDAQ:INFN) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Infinera earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 46.5534069239281 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s rankings:

INFN has been the subject of a number of research analyst reports. Citigroup reaffirmed a “hold” rating and set a $12.00 price objective (up previously from $8.50) on shares of Infinera in a research report on Friday, March 9th. ValuEngine raised shares of Infinera from a “sell” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley reissued an “equal weight” rating and issued a $9.50 target price (up previously from $8.00) on shares of Infinera in a research note on Friday, March 9th. BidaskClub cut shares of Infinera from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Finally, B. Riley upped their target price on shares of Infinera from $10.75 to $11.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.50.

Shares of Infinera (INFN) traded down $0.20 during midday trading on Wednesday, reaching $11.29. 1,830,696 shares of the company traded hands, compared to its average volume of 2,380,000. Infinera has a fifty-two week low of $6.10 and a fifty-two week high of $12.38. The firm has a market capitalization of $1,690.00, a price-to-earnings ratio of -8.62 and a beta of 0.63.

Infinera (NASDAQ:INFN) last announced its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. The business had revenue of $195.82 million for the quarter, compared to analyst estimates of $190.26 million. Infinera had a negative net margin of 26.26% and a negative return on equity of 17.20%. Infinera’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.12) earnings per share. equities research analysts expect that Infinera will post -0.43 EPS for the current year.

In other news, insider David F. Welch sold 60,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $9.07, for a total transaction of $544,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David F. Welch sold 149,093 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $10.03, for a total transaction of $1,495,402.79. The disclosure for this sale can be found here. Over the last quarter, insiders sold 289,093 shares of company stock worth $2,770,803. Company insiders own 3.10% of the company’s stock.

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Infinera Company Profile

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.

Insider Buying and Selling by Quarter for Infinera (NASDAQ:INFN)

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