Infinera Corp. [INFN] stock prices are up 6.99% to $5.51 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The INFN shares have gain 7.83% over the last week, with a monthly amount glided 10.64%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, Infinera Corporation Announces Preliminary Unaudited Fourth Quarter 2023 Financial Results. In a post published today on Yahoo Finance, Infinera Corporation (NASDAQ: INFN) (“Infinera” or the “Company”) today released preliminary financial results for its fourth quarter ended December 30, 2023.
From an analyst’s perspective:
Infinera Corp. [NASDAQ: INFN] stock has seen the most recent analyst activity on September 28, 2023, when Stifel initiated its Buy rating and assigned the stock a price target of $7. Previously, Jefferies upgraded its rating to Hold on August 11, 2023. Rosenblatt started tracking the stock assigning a Buy rating and suggested a price target of $12 on March 24, 2022. Loop Capital initiated its recommendation with a Hold and recommended $9 as its price target on February 14, 2022. B. Riley Securities upgraded its rating to Buy for this stock on January 24, 2022, and upped its price target to $11.50. In a note dated October 18, 2021, JP Morgan downgraded an Underweight rating on this stock and revised its target price from $11 to $9.
The stock price of Infinera Corp. [INFN] has been fluctuating between $2.82 and $7.80 over the past year. Currently, Wall Street analysts expect the stock to reach $6.62 within the next 12 months. Infinera Corp. [NASDAQ: INFN] shares were valued at $5.51 at the most recent close of the market. An investor can expect a potential return of 20.15% based on the average INFN price forecast.
Analyzing the INFN fundamentals
The Infinera Corp. [NASDAQ:INFN] reported sales of 1.65B for trailing twelve months, representing a surge of 0.49%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.03 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.99.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.26 points at the first support level, and at 5.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.74, and for the 2nd resistance point, it is at 5.97.
Infinera Corp. [INFN] reported earnings per share of $0.08 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.04/share, meaning a difference of $0.04 and a surprise factor of 100.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0 per share as compared to estimates of -$0.03 per share, a difference of $0.03 representing a surprise of 100.00%.
Ratios To Look Out For
It’s worth pointing out that Infinera Corp. [NASDAQ:INFN]’s Current Ratio is 1.69. As well, the Quick Ratio is 0.95, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.77, the price to book ratio is 6.98.
Transactions by insiders
Recent insider trading involved Fernicola Michael H, Chief Accounting Officer, that happened on Aug 17 ’23 when 4000.0 shares were purchased. Chief Accounting Officer, Fernicola Michael H completed a deal on Aug 16 ’23 to buy 6500.0 shares. Meanwhile, Chief Executive Officer HEARD DAVID W bought 6000.0 shares on May 22 ’23.
