Infinera Corp. (INFN) Earning Somewhat Favorable News Coverage, Report Shows
News articles about Infinera Corp. (NASDAQ:INFN) have trended somewhat positive recently, according to Alpha One Sentiment Analysis. The research firm, a unit of Accern, identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Infinera Corp. earned a media sentiment score of 0.14 on Alpha One’s scale. Alpha One also assigned media coverage about the communications equipment provider an impact score of 88 out of 100, meaning that recent press coverage is very likely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Alpha One’s scoring:
- Notable Friday Option Activity: KMB, FDX, INFN (nasdaq.com)
- Infinera, Micron Stocks Flashing ‘Buy’ – Schaeffers Research (blog) (schaeffersresearch.com)
- Analysts Expect Infinera Corp. (INFN) to Post -$0.23 Earnings Per Share (americanbankingnews.com)
- Infinera Corp. (INFN) Receives Media Sentiment Score of 0.30 (americanbankingnews.com)
Infinera Corp. (NASDAQ:INFN) traded down 0.93% during mid-day trading on Friday, hitting $9.63. 1,636,390 shares of the company were exchanged. The company’s 50-day moving average is $10.31 and its 200 day moving average is $9.33. The company’s market capitalization is $1.41 billion. Infinera Corp. has a 12-month low of $7.23 and a 12-month high of $15.71.
Infinera Corp. (NASDAQ:INFN) last posted its earnings results on Thursday, February 9th. The communications equipment provider reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.01. The company earned $181 million during the quarter, compared to the consensus estimate of $175.37 million. Infinera Corp. had a negative net margin of 2.75% and a positive return on equity of 1.60%. The firm’s revenue for the quarter was down 30.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. Analysts expect that Infinera Corp. will post ($0.27) EPS for the current year.
INFN has been the topic of a number of analyst reports. Deutsche Bank AG increased their price target on Infinera Corp. from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, March 20th. Piper Jaffray Companies initiated coverage on Infinera Corp. in a research note on Thursday, January 19th. They issued a “neutral” rating and a $9.50 price target on the stock. Zacks Investment Research raised Infinera Corp. from a “sell” rating to a “hold” rating in a research note on Friday, February 24th. MKM Partners reissued a “neutral” rating and issued a $8.00 price target on shares of Infinera Corp. in a research note on Sunday, January 15th. Finally, Goldman Sachs Group Inc raised Infinera Corp. from a “neutral” rating to a “buy” rating and increased their price target for the company from $10.00 to $13.50 in a research note on Thursday, March 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Infinera Corp. currently has a consensus rating of “Hold” and an average target price of $10.95.
Infinera Corp. Company Profile
Infinera Corporation provides optical transport networking equipment, software and services to telecommunications service providers, Internet content providers (ICPs), cable providers, wholesale and enterprise carriers, research and education institutions, enterprise customers and government entities across the globe.
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