There’s No Need To Panic Or Freeze When It Comes To Infinera Corp. (NASDAQ: INFN)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Infinera Corporation to Announce Preliminary Unaudited Fourth Quarter Fiscal 2023 Financial Results and Outlook for the First Quarter of Fiscal 2024 on March 6, 2024.

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Stocks Info

The company is listed on the NASDAQ and operates within the Communication Equipment industry segment. The current market capitalization of Infinera Corp. is $1.18B. A total of 1.46 million shares were traded on the day, compared to an average of 2.48M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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 49 BUYs and 36 SELLs from insiders. Insiders purchased 995,035 shares during that period but sold 361,306.

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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.

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