Infinera Corp. (NASDAQ:INFN)’s traded shares stood at 1.91 million during the latest session, with the company’s beta value hitting 1.71. At the last check today, the stock’s price was $6.45, to imply a decrease of -0.31% or -$0.02 in intraday trading. The INFN share’s 52-week high remains $6.62, putting it -2.64% down since that peak but still an impressive 56.28% since price per share fell to its 52-week low of $2.82. The company has a valuation of $1.52B, with an average of 8.47 million shares in intraday trading volume over the past 10 days and average of 6.56 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Infinera Corp. (INFN), translating to a mean rating of 3.00. Of 5 analyst(s) looking at the stock, 0 analyst(s) give INFN a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 2 recommend it as a Buy.
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Infinera Corp. (NASDAQ:INFN) trade information
After registering a -0.31% downside in the latest session, Infinera Corp. (INFN) has traded red over the past five days. The 5-day price performance for the stock is 3.37%, and 10.07% over 30 days. With these gigs, the year-to-date price performance is 35.79%. Short interest in Infinera Corp. (NASDAQ:INFN) saw shorts transact 36.89 million shares and set a 7.46 days time to cover.
The extremes give us $4.6 and $9 for target low and target high price respectively. As such, INFN has been trading -39.53% off suggested target high and 28.68% from its likely low.
Infinera Corp. (INFN) estimates and forecasts
Looking at statistics comparing Infinera Corp. share performance against respective industry, we note that the company has underperformed competitors. Infinera Corp. (INFN) shares are 43.02% up over the last 6 months, with its year-to-date growth rate lower than industry average at -86.96% against 4.50%.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 39.38% for the past 5-year period. While 2024 is set for a -78.28% return in earnings, projections for the next 5 years are at 20.00% annually.
INFN Dividends
Infinera Corp. has its next earnings report out on 2024-Nov-06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Infinera Corp. (NASDAQ:INFN)’s Major holders
Infinera Corp. insiders hold 1.49% of total outstanding shares, with institutional holders owning 87.40% of the shares at 88.72% float percentage. In total, 87.40% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 35.14 million shares (or 14.9962% of shares), all amounting to roughly $214.02 million.
The next major institution holding the largest number of shares is OAKTREE CAPITAL MANAGEMENT LP with 25.18 million shares, or about 10.7427% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $153.32 million.
