Infinera (INFN) Earning Somewhat Favorable Media Coverage, Study Shows
Media coverage about Infinera (NASDAQ:INFN) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Infinera earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 47.5536536291298 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- $181.31 Million in Sales Expected for Infinera Corp. (INFN) This Quarter (americanbankingnews.com)
- U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.51% (investing.com)
- Infinera (INFN) Betters Q4 Earnings Estimates, Revenues Beat (finance.yahoo.com)
- Infinera: ‘Raw Material’ Is There for Continued Rise, Says Northland (finance.yahoo.com)
- Here's Why Infinera Is Flying High Today (finance.yahoo.com)
INFN has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Infinera from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. William Blair reissued a “buy” rating on shares of Infinera in a report on Thursday, November 9th. BidaskClub raised shares of Infinera from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. ValuEngine cut shares of Infinera from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Finally, Craig Hallum reissued a “buy” rating and set a $10.00 target price (down previously from $15.00) on shares of Infinera in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $11.27.
Infinera (NASDAQ:INFN) last released its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. The firm had revenue of $195.82 million during 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 16.77%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.12) EPS. equities research analysts predict that Infinera will post -0.49 earnings per share for the current year.
In other news, CEO Thomas J. Fallon purchased 100,000 shares of Infinera stock in a transaction dated Monday, November 13th. The stock was purchased at an average cost of $6.33 per share, for a total transaction of $633,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is owned by insiders.
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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