During the recent session, Infinera Corp. (NASDAQ:INFN)’s traded shares were 5.74 million, with the beta value of the company hitting 1.71. At the last check today, the stock’s price was $6.68, reflecting an intraday gain of 0.53% or $0.03. The 52-week high for the INFN share is $6.76, that puts it down -1.2 from that peak though still a striking 57.78% gain since the share price plummeted to a 52-week low of $2.82. The company’s market capitalization is $1.58B, and the average intraday trading volume over the past 10 days was 14.47 million shares, and the average trade volume was 7.72 million shares over the past three months.
Infinera Corp. (INFN) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.00. INFN has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it.
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Infinera Corp. (NASDAQ:INFN) trade information
Infinera Corp. (INFN) registered a 0.53% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.53% in intraday trading to $6.68, hitting a weekly high. The stock’s 5-day price performance is 3.32%, and it has moved by 10.68% in 30 days. Based on these gigs, the overall price performance for the year is 58.79%. The short interest in Infinera Corp. (NASDAQ:INFN) is 36.89 million shares and it means that shorts have 7.46 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.65, which implies a decrease of -0.45% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.6 and $9 respectively. As a result, INFN is trading at a discount of -34.73% off the target high and 31.14% off the low.
Infinera Corp. (INFN) estimates and forecasts
Statistics show that Infinera Corp. has underperformed its competitors in share price, compared to the industry in which it operates. Infinera Corp. (INFN) shares have gone up 27.09% during the last six months, with a year-to-date growth rate less than the industry average at -86.96% against 4.50.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 39.38%. While earnings are projected to return -78.28% in 2024, the next five years will return 20.00% per annum.
INFN Dividends
Infinera Corp. is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Infinera Corp. (NASDAQ:INFN)’s Major holders
Infinera Corp. insiders own 1.49% of total outstanding shares while institutional holders control 87.43%, with the float percentage being 88.76%. FMR LLC is the largest shareholder of the company, while 286.0 institutions own stock in it. As of 2024-06-30, the company held over 35.14 million shares (or 14.9962% of all shares), a total value of $214.02 million in shares.
The next largest institutional holding, with 25.18 million shares, is of OAKTREE CAPITAL MANAGEMENT LP’s that is approximately 10.7427% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $153.32 million.
