Infinera Corporation (NASDAQ: INFN): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Infinera Corporation (INFN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.42%, to $4.78. Volume reached 53,608 shares, with price reaching a high of $4.78 and a low of $4.78. The stock was recently discussed on Yahoo Finance as it revealed that Infinera and Iscte – Instituto Universitário de Lisboa Collaborate to Provide Students Modernized Technology Lab.


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Stocks Info

INFN belongs to the Technology sector of the NASDAQ while operating in the Communication Equipment industry. At the end of the last regular session, the stock closed at $4.78 and fluctuated between $4.9850 as its day high and $4.7800 as its day low. The current market capitalization of Infinera Corporation is $1.05B. A total of 2.42 million shares were traded on the day, compared to an average of 2.95M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, INFN has seen 8 BUY and 8 SELL insider trades, representing the acquisition of 200,805 and the disposition of 93,323 shares. Over the last 12 months, there were 68 BUYs and 54 SELLs from insiders. Insiders purchased 1,604,139 shares during that period but sold 1,250,749.

In the most recent transaction, RIEDEL GEORGE ANDREW bought 10,000 shares of INFN for 5.28 per share on Jun 10. After the transaction, the Director now owns 82,451 company shares. In a previous transaction on May 19, HEARD DAVID W bought 6,500 shares at 5.72 per share. INFN shares that Chief Executive Officer owns now total 608,740.

Among the insiders who bought shares, HEARD DAVID W acquired of 20,000 shares on May 06 at a per-share price of $5.92. This resulted in the Chief Executive Officer holding 602,240 shares of INFN after the transaction. In another insider transaction, MILBURY PAUL J sold 21,607 shares at $8.00 per share on May 03. Company shares held by the Director now total 100,000.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for INFN in the last 3 months, the mean price target is $8.29 with high estimates of $15.00 and low estimates of $5.00. In terms of 52-week highs and lows, INFN has a high of $9.86 and a low of $4.67.

As of this writing, INFN has an earnings estimate of $-0.05 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $-0.03 per share and a lower estimate of $-0.08. The company reported an EPS of $-0.13 in the last quarter, which was -8.33% lower than expectations of $-0.12.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for INFN is Hold with a score of 3.33. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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