Infinera Corporation (NASDAQ:INFN) has a beta value of 1.1 and has seen 1,464,665 shares traded in the recent trading session. The company, currently valued at $1.48 Billion, closed the recent trade at $7.88 per share which meant it lost -$0.44 on the day or -5.29% during that session. The INFN stock price is -17.39% off its 52-week high price of $9.25 and 53.3% above the 52-week low of $3.68. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.08 Million shares traded. The 3-month trading volume is 3.62 Million shares.
The consensus among analysts is that Infinera Corporation (INFN) is a Hold stock at the moment, with a recommendation rating of 2.9. 3 analysts rate the stock as a Sell, while none rate it as Overweight. 5 out of 14 have rated it as a Hold, with 6 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.06.
Infinera Corporation (NASDAQ:INFN) trade information
Despite being -5.29% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Aug 06 when the INFN stock price touched $9.25-1 or saw a rise of 13.84%. Year-to-date, Infinera Corporation shares have moved 0.38%, while the 5-day performance has seen it change -0.62%. Over the past 30 days, the shares of Infinera Corporation (NASDAQ:INFN) have changed 29.8%. Short interest in the company has seen 27.72 Million shares shorted with days to cover at 7.66.
Wall Street analysts have a consensus price target for the stock at $9.12, which means that the shares’ value could jump 15.74% from current levels. The projected low price target is $5 while the price target rests at a high of $15. In that case, then, we find that the current price level is +90.36% off the targeted high while a plunge would see the stock lose -36.55% from current levels.
Infinera Corporation (INFN) estimates and forecasts
Figures show that Infinera Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained +11.08% over the past 6 months, with this year growth rate of -26.67%, compared to 18.6% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 64.7% and -33.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +4.4%.
12 analysts offering their estimates for the company have set an average revenue estimate of $334.8 Million for the current quarter. 12 have an estimated revenue figure of $356.79 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $325.34 Million and $384.57 Million respectively for this quarter and the next, and analysts expect sales will grow by 2.9% for the current quarter and -7.2% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +122.03% over the past 5 years. Earnings growth for 2020 is a modest -59% while over the next 5 years, the company’s earnings are expected to increase by 5%.
Infinera Corporation (NASDAQ:INFN)’s Major holders
Insiders own 2.33% of the company shares, while shares held by institutions stand at 92.18% with a share float percentage of 94.38%. Investors are also buoyed by the number of investors in a company, with Infinera Corporation having a total of 211 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 27.45 Million shares worth more than $145.51 Million. As of March 30, 2020, FMR, LLC held 14.69% of shares outstanding.
The other major institutional holder is Oaktree Capital Management, LP, with the holding of over 25.18 Million shares as of March 30, 2020. The firm’s total holdings are worth over $133.43 Million and represent 13.47% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Growth Company Fund and Vanguard Total Stock Market Index Fund. As of May 30, 2020, the former fund manager holds about 6.67% shares in the company for having 12467762 shares of worth $62.09 Million while later fund manager owns 5.33 Million shares of worth $28.24 Million as of March 30, 2020, which makes it owner of about 2.85% of company’s outstanding stock.