This Is Too Hot For Infinera Corp. (NASDAQ: INFN), Let’s Take A Closer Look

After Hours

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.

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Stocks Info

As a NASDAQ listed company, INFN falls under the Technology sector while operating within the Communication Equipment industry segment. The current market capitalization of Infinera Corp. is $1.24B. A total of 8.58 million shares were traded on the day, compared to an average of 3.51M shares.

In the most recent transaction, Fernicola Michael H bought 4,000 shares of INFN for 4.00 per share on Aug 17 ’23. After the transaction, the Chief Accounting Officer now owns 111,558 company shares. In a previous transaction on Aug 16 ’23, 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 ’23 at a per-share price of $4.95. This resulted in the Chief Executive Officer holding 744,943 shares of INFN after the transaction.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, INFN has a high of $6.62 and a low of $2.82.

As of this writing, INFN has an earnings estimate of -$0.13 per share for the current quarter. EPS was calculated based on a consensus of 10.0 estimates, with a high estimate of -$0.1 per share and a lower estimate of -$0.14. The company reported an EPS of $0.03 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $0.70, while its Total Shareholder’s Equity was $323.77M.

Analysts Opinion

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. 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 3.56.

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