After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Orange Deploys Infinera’s GX Series to Power AMITIE Subsea Cable, Delivering Global Connectivity on the World’s Busiest Route.
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Stocks Info
Infinera Corp. is listed on the NASDAQ in the Technology sector while operating in the Communication Equipment industry. At the end of the last regular session, the stock closed at $4.98 and fluctuated between $5.2300 as its day high and $4.8700 as its day low. The current market capitalization of Infinera Corp. is $1.13B. A total of 3.03 million shares were traded on the day, compared to an average of 2.72M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, INFN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 53 BUYs and 37 SELLs from insiders. Insiders purchased 1,011,438 shares during that period but sold 363,059.
In the most recent transaction, Fernicola Michael H bought 4,000 shares of INFN for 4.00 per share on Aug 17. After the transaction, the Chief Accounting Officer now owns 111,558 company shares. In a previous transaction on Aug 16, Fernicola Michael H bought 6,500 shares at 3.90 per share. INFN shares that Chief Accounting Officer owns now total 107,558.
Among the insiders who bought shares, HEARD DAVID W acquired of 6,000 shares on May 22 at a per-share price of $4.95. This resulted in the Chief Executive Officer holding 744,943 shares of INFN after the transaction.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for INFN in the last 3 months, the mean price target is $6.82 with high estimates of $12.00 and low estimates of $4.00. In terms of 52-week highs and lows, INFN has a high of $7.80 and a low of $2.82.
As of this writing, INFN has an earnings estimate of $0.04 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.06 per share and a lower estimate of -$0.02. The company reported an EPS of $0.03 in the last quarter, which was 250.00% higher than expectations of -$0.02.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. INFN’s latest balance sheet shows that the firm has $190.61M in Cash & Short Term Investments as of fiscal 2021. There were $549.44M in debt and $612.49M in liabilities at the time. Its Book Value Per Share was $0.74, while its Total Shareholder’s Equity was $323.77M.
Analysts Opinion
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. Currently, 0 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 Buy with a score of 3.67.
