Infinera Corp. (NASDAQ:INFN) – Research analysts at William Blair issued their Q2 2019 earnings per share (EPS) estimates for shares of Infinera in a report released on Thursday. William Blair analyst D. Netis expects that the communications equipment provider will post earnings of ($0.04) per share for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Infinera’s Q4 2019 earnings at $0.06 EPS.
Infinera (NASDAQ:INFN) last posted its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.01. Infinera had a negative net margin of 26.26% and a negative return on equity of 16.77%. The business had revenue of $195.82 million for the quarter, compared to analyst estimates of $190.26 million. During the same quarter last year, the business earned ($0.12) earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis.
Infinera (NASDAQ INFN) traded up $0.35 during midday trading on Monday, hitting $9.44. 2,358,900 shares of the company were exchanged, compared to its average volume of 1,991,183. 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 $1,358.69, a price-to-earnings ratio of -7.22 and a beta of 1.24.
Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in Infinera in the fourth quarter worth approximately $155,000. Prudential Financial Inc. grew its position in Infinera by 4.9% in the second quarter. Prudential Financial Inc. now owns 15,110 shares of the communications equipment provider’s stock worth $161,000 after buying an additional 710 shares during the last quarter. MANA Advisors LLC acquired a new position in Infinera in the fourth quarter worth approximately $161,000. Aperio Group LLC grew its position in Infinera by 87.6% in the third quarter. Aperio Group LLC now owns 18,948 shares of the communications equipment provider’s stock worth $168,000 after buying an additional 8,847 shares during the last quarter. Finally, Amalgamated Bank grew its position in Infinera by 5.7% in the second quarter. Amalgamated Bank now owns 18,344 shares of the communications equipment provider’s stock worth $196,000 after buying an additional 992 shares during the last quarter. Hedge funds and other institutional investors own 88.49% 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.
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