In last trading session, Infinera Corp. (NASDAQ:INFN) saw 43.69 million shares changing hands with its beta currently measuring 1.72. Company’s recent per share price level of $6.79 trading at -$0.05 or -0.73% at ring of the bell on the day assigns it a market valuation of $1.60B. That closing price of INFN’s stock is at a discount of -1.77% from its 52-week high price of $6.91 and is indicating a premium of 58.47% from its 52-week low price of $2.82. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 24.44 million shares which gives us an average trading volume of 9.29 million if we extend that period to 3-months.
For Infinera Corp. (INFN), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.07 in the current quarter.
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Infinera Corp. (NASDAQ:INFN) trade information
Upright in the red during last session for losing -0.73%, in the last five days INFN remained trading in the green while hitting it’s week-highest on Wednesday, 09/25/24 when the stock touched $6.79 price level, adding 1.74% to its value on the day. Infinera Corp.’s shares saw a change of 42.95% in year-to-date performance and have moved 1.49% in past 5-day. Infinera Corp. (NASDAQ:INFN) showed a performance of 11.49% in past 30-days. Number of shares sold short was 33.56 million shares which calculate 5.53 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.65 to the stock, which implies a fall of -2.11% to its current value. Analysts have been projecting 4.6 as a low price target for the stock while placing it at a high target of 9. It follows that stock’s current price would jump 32.25% in reaching the projected high whereas dropping to the targeted low would mean a gain of 32.25% for stock’s current value.
Infinera Corp. (INFN) estimates and forecasts
Statistics highlight that Infinera Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 23.23% of value to its shares in past 6 months, showing an annual growth rate of -86.96% while that of industry is 19.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -5.00% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 402.87M for the same. And 6 analysts are in estimates of company making revenue of 479.88M in the next quarter. Company posted 392.37M and 453.46M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 39.38% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -78.28% while estimates for its earnings growth in next 5 years are of 20.00%.
Infinera Corp. (NASDAQ:INFN)’s Major holders
Insiders are in possession of 1.49% of company’s total shares while institution are holding 87.41 percent of that, with stock having share float percentage of 88.74%. Investors also watch the number of corporate investors in a company very closely, which is 87.41% institutions for Infinera Corp. that are currently holding shares of the company. FMR LLC is the top institutional holder at INFN for having 35.14 million shares of worth $214.02 million. And as of 2024-06-30, it was holding 14.9962 of the company’s outstanding shares.
The second largest institutional holder is OAKTREE CAPITAL MANAGEMENT LP, which was holding about 25.18 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.7427 of outstanding shares, having a total worth of $153.32 million.
