In the last trading session, 6.71 million Infinera Corp. (NASDAQ:INFN) shares changed hands as the company’s beta touched 1.70. With the company’s per share price at $6.25 changed hands at -$0.03 or -0.48% during last session, the market valuation stood at $1.47B. INFN’s last price was a discount, traded about -5.92% off its 52-week high of $6.62. The share price had its 52-week low at $2.82, which suggests the last value was 54.88% up since then. When we look at Infinera Corp.’s average trading volume, we note the 10-day average is 5.76 million shares, with the 3-month average coming to 6.06 million.

Analysts gave the Infinera Corp. (INFN) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended INFN as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Infinera Corp.’s EPS for the current quarter is expected to be 0.07.

Infinera Corp. (NASDAQ:INFN) trade information

Instantly INFN was in red as seen at the end of in last trading. With action 0.97%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 31.58%, with the 5-day performance at 0.97% in the green. However, in the 30-day time frame, Infinera Corp. (NASDAQ:INFN) is 11.01% up. Looking at the short shares, we see there were 36.43 million shares sold at short interest cover period of 5.86 days.

The consensus price target for the stock as assigned by Wall Street analysts is 6.65, meaning bulls need an upside of 6.02% from its current market value. According to analyst projections, INFN’s forecast low is 4.6 with 9 as the target high. To hit the forecast high, the stock’s price needs a -44.0% plunge from its current level, while the stock would need to tank 26.4% for it to hit the projected low.

Infinera Corp. (INFN) estimates and forecasts

Data shows that the Infinera Corp. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 38.58% over the past 6 months, a -86.96% in annual growth rate that is considerably lower than the industry average of 4.60%. Year-over-year growth is forecast to reach -5.00% down from the last financial year.

Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 402.87M. 6 analysts are of the opinion that Infinera Corp.’s revenue for the current quarter will be 479.88M. The company’s revenue for the corresponding quarters a year ago was 392.37M and 453.46M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.70%. The estimates for the next quarter sales put growth at 5.80%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 39.38%. The 2024 estimates are for Infinera Corp. earnings to decrease by -78.28%, but the outlook for the next 5-year period is at 20.00% per year.

Infinera Corp. (NASDAQ:INFN)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 1.49% of Infinera Corp. shares while 87.40% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 88.73%. There are 87.40% institutions holding the Infinera Corp. stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 14.9962% of the shares, roughly 35.14 million INFN shares worth $214.02 million.

OAKTREE CAPITAL MANAGEMENT LP holds the second largest percentage of outstanding shares, with 10.7427% or 25.18 million shares worth $153.32 million as of 2024-06-30.