In the last trading session, 16.5 million shares of the Infinera Corp. (NASDAQ:INFN) were traded, and its beta was 1.71. Most recently the company’s share price was $6.66, and it changed around -$0.04 or -0.60% from the last close, which brings the market valuation of the company to $1.57B. INFN currently trades at a discount to its 52-week high of $6.76, offering almost -1.5% off that amount. The share price’s 52-week low was $2.82, which indicates that the current value has risen by an impressive 57.66% since then. We note from Infinera Corp.’s average daily trading volume that its 10-day average is 13.36 million shares, with the 3-month average coming to 7.35 million.

Infinera Corp. stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 8 recommended INFN as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight.

Infinera Corp. (NASDAQ:INFN) trade information

Instantly INFN has showed a red trend with a performance of -0.60% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.76 on recent trading dayincreased the stock’s daily price by 1.48%. The company’s shares are currently up 40.21% year-to-date, but still up 6.56% over the last five days. On the other hand, Infinera Corp. (NASDAQ:INFN) is 10.45% up in the 30-day period. We can see from the shorts that 36.89 million shares have been sold at a short interest cover period of 7.46 day(s).

The consensus price target as assigned by Wall Street analysts is $6.65, which translates to bulls needing to decrease their stock price by -0.15% from its current value. Analyst projections state that INFN is forecast to be at a low of $4.6 and a high of $9.

Infinera Corp. (INFN) estimates and forecasts

Infinera Corp. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 41.40 percent over the past six months and at a -86.96% annual growth rate that is well below the industry average of 3.70%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 39.38%. Infinera Corp. earnings are expected to increase by -78.28% in 2024, but the outlook is positive 20.00% per year for the next five years.

INFN Dividends

Infinera Corp.’s next quarterly earnings report is expected to be released on 2024-Nov-06.

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

Upon looking at major shareholders, it appears that insiders hold 1.49% of Infinera Corp. shares, and 87.43% of them are in the hands of institutional investors. The stock currently has a share float of 88.76%. Infinera Corp. stock is held by 286.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 14.9962% of the shares, which is about 35.14 million shares worth $214.02 million.

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

Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Jun 30, 2024 . The former held 7.06 shares worth $46.99 million, making up 2.99% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 5.46 shares worth around $36.36 million, which represents about 2.32% of the total shares outstanding.