<div id="readability-page-1"><p><span>Infinera (NASDAQ:INFN - Get Free Report)</span>'s stock had its &#34;hold&#34; rating reiterated by investment analysts at Needham &amp; Company LLC in a research note issued to investors on Friday, Benzinga reports.</p><ul><li>Affordable networking stocks to watch on the Juniper buyout</li></ul><p>A number of other analysts also recently weighed in on the stock. B. Riley restated a &#34;buy&#34; rating and issued a $9.00 target price on shares of Infinera in a report on Wednesday, May 15th. Stifel Nicolaus restated a &#34;buy&#34; rating and set a $7.00 price objective on shares of Infinera in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of &#34;Hold&#34; and a consensus target price of $7.32.</p><p><b>Check Out Our Latest Stock Analysis on Infinera</b></p><h2>Infinera Price Performance</h2><ul><li>After an Earnings Blowout, Is Ciena Stock a Buying Opportunity? </li></ul><p>Shares of Infinera stock opened at $5.26 on Friday. The firm has a market cap of $1.23 billion, a PE ratio of -15.47 and a beta of 1.58. The stock has a 50 day moving average of $5.26 and a 200 day moving average of $5.11. The company has a current ratio of 1.65, a quick ratio of 0.97 and a debt-to-equity ratio of 4.08. Infinera has a 12 month low of $2.82 and a 12 month high of $6.62. </p><p>Infinera (NASDAQ:INFN - Get Free Report) last posted its earnings results on Tuesday, May 14th. The communications equipment provider reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.07). Infinera had a negative net margin of 5.11% and a negative return on equity of 27.68%. The firm had revenue of $306.92 million for the quarter, compared to the consensus estimate of $337.73 million. On average, research analysts expect that Infinera will post -0.19 EPS for the current fiscal year. </p><h2>Institutional Trading of Infinera</h2><p>Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Infinera by 1.3% in the third quarter. Vanguard Group Inc. now owns 24,281,031 shares of the communications equipment provider's stock worth $101,495,000 after buying an additional 314,856 shares during the period. Brown Advisory Inc. increased its stake in Infinera by 8.0% in the fourth quarter. Brown Advisory Inc. now owns 15,017,956 shares of the communications equipment provider's stock worth $71,335,000 after purchasing an additional 1,108,567 shares during the period. Shapiro Capital Management LLC lifted its position in shares of Infinera by 1.5% during the third quarter. Shapiro Capital Management LLC now owns 19,271,676 shares of the communications equipment provider's stock worth $80,556,000 after purchasing an additional 293,787 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Infinera by 23.2% during the fourth quarter. Victory Capital Management Inc. now owns 30,100 shares of the communications equipment provider's stock valued at $143,000 after purchasing an additional 5,661 shares during the period. Finally, DDD Partners LLC grew its holdings in shares of Infinera by 101.1% in the fourth quarter. DDD Partners LLC now owns 29,694 shares of the communications equipment provider's stock worth $141,000 after purchasing an additional 14,925 shares during the last quarter. 97.54% of the stock is owned by hedge funds and other institutional investors. </p><h2>About Infinera</h2> (Get Free Report)<p>Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Infinera</li><li>Technology Stocks Explained: Here's What to Know About Tech</li><li>Albemarle Stock: Strong Fundamentals vs. Lithium Volatility</li><li>Low PE Growth Stocks: Unlocking Investment Opportunities</li><li>MongoDB Stock: Analysts Recommend Buying the Dip</li><li>Stock Market Holidays 2022-2025 - Here’s When the NYSE and NASDAQ Will be Closed</li><li>UniFirst Stock: Value-Building Sends a Signal to the Market</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SU5GTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SU5GTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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INFN

<p>Infinera's "hold" rating was reaffirmed by Needham & Company LLC. Other analysts have also weighed in on the stock, with one rating it as a sell, three as a hold, and three as a buy. The company's stock opened at $5.26 on Friday, with a market cap of $1.23 billion. Infinera recently reported a negative EPS for the quarter, missing analysts' estimates. Hedge funds and institutional investors have recently adjusted their stakes in the company.</p>

Infinera's (INFN) "Hold" Rating Reaffirmed at Needham & Company LLC