News coverage about Infinera Corporation (NASDAQ:INFN) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Infinera Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the communications equipment provider an impact score of 45.0707589548315 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

Shares of Infinera Corporation (INFN) opened at 8.67 on Friday. The company’s market capitalization is $1.28 billion. The stock has a 50 day moving average price of $11.04 and a 200-day moving average price of $10.44. Infinera Corporation has a 12 month low of $7.23 and a 12 month high of $12.50.

Infinera Corporation (NASDAQ:INFN) last issued its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by $0.01. The business had revenue of $176.28 million for the quarter, compared to analysts’ expectations of $181.16 million. Infinera Corporation had a negative net margin of 18.18% and a negative return on equity of 12.39%. The business’s quarterly revenue was down 31.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. Analysts forecast that Infinera Corporation will post ($0.54) EPS for the current year.

A number of research firms have recently commented on INFN. Citigroup Inc. raised their price target on Infinera Corporation from $8.50 to $10.00 and gave the stock a “sell” rating in a report on Friday, July 21st. MKM Partners reaffirmed a “buy” rating and issued a $14.00 price target on shares of Infinera Corporation in a report on Friday, July 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $10.00 price target on shares of Infinera Corporation in a report on Friday, July 21st. Needham & Company LLC raised their price target on Infinera Corporation from $13.50 to $14.50 and gave the stock a “strong-buy” rating in a report on Monday, June 19th. Finally, B. Riley reaffirmed a “buy” rating and issued a $14.00 price target on shares of Infinera Corporation in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.91.

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In related news, President David F. Welch sold 40,000 shares of Infinera Corporation stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $12.09, for a total transaction of $483,600.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President David F. Welch sold 5,000 shares of Infinera Corporation stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $12.00, for a total transaction of $60,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,000 shares of company stock worth $729,400. 2.90% of the stock is currently owned by corporate insiders.

Infinera Corporation 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 Corporation (NASDAQ:INFN)

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