It’s an appealing income play to consider Infinera Corporation (INFN)

The price of Infinera Corporation (NASDAQ: INFN) closed at $7.58 in the last session, down -2.45% from day before closing price of $7.77. In other words, the price has decreased by -$0.19 from its previous closing price. On the day, 1736616 shares were traded. INFN stock price reached its highest trading level at $7.74 during the session, while it also had its lowest trading level at $7.39.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…

Sponsored

Ratios:

We take a closer look at INFN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 5.85 whereas as Long-Term Debt/Eq ratio is at 5.84.

Upgrades & Downgrades

On March 24, 2022, Rosenblatt started tracking the stock assigning a Buy rating and target price of $12.

On February 14, 2022, Loop Capital started tracking the stock assigning a Hold rating and target price of $9.Loop Capital initiated its Hold rating on February 14, 2022, with a $9 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 10 when RIEDEL GEORGE ANDREW bought 10,000 shares for $5.28 per share. The transaction valued at 52,798 led to the insider holds 82,451 shares of the business.

HEARD DAVID W bought 6,500 shares of INFN for $37,156 on May 19. The Chief Executive Officer now owns 608,740 shares after completing the transaction at $5.72 per share. On May 06, another insider, HEARD DAVID W, who serves as the Chief Executive Officer of the company, bought 20,000 shares for $5.92 each. As a result, the insider paid 118,388 and bolstered with 602,240 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 14.58.

Stock Price History:

Over the past 52 weeks, INFN has reached a high of $9.25, while it has fallen to a 52-week low of $4.26. The 50-Day Moving Average of the stock is 6.78, while the 200-Day Moving Average is calculated to be 6.01.

Shares Statistics:

According to the various share statistics, INFN traded on average about 2.16M shares per day over the past 3-months and 2.17M shares per day over the past 10 days. A total of 217.62M shares are outstanding, with a floating share count of 216.81M. Shares short for INFN as of Oct 13, 2022 were 36.34M with a Short Ratio of 38.32M, compared to 35.86M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 16.75% and a Short% of Float of 22.98%.

Earnings Estimates

The company has 11 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.03 and a low estimate of -$0.01, while EPS last year was -$0.01. The consensus estimate for the next quarter is $0.07, with high estimates of $0.11 and low estimates of $0.02.

Analysts are recommending an EPS of between $0.04 and -$0.07 for the fiscal current year, implying an average EPS of -$0.02. EPS for the following year is $0.3, with 12 analysts recommending between $0.42 and $0.15.

Revenue Estimates

According to 10 analysts, the current quarter’s revenue is expected to be $380.55M. It ranges from a high estimate of $388.8M to a low estimate of $372M. As of the current estimate, Infinera Corporation’s year-ago sales were $356.79M, an estimated increase of 6.70% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $434M, an increase of 8.20% over than the figure of $6.70% in the same quarter last year. There is a high estimate of $447M for the next quarter, whereas the lowest estimate is $425M.

A total of 12 analysts have provided revenue estimates for INFN’s current fiscal year. The highest revenue estimate was $1.52B, while the lowest revenue estimate was $1.5B, resulting in an average revenue estimate of $1.51B. In the same quarter a year ago, actual revenue was $1.43B, up 5.80% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $1.65B in the next fiscal year. The high estimate is $1.71B and the low estimate is $1.58B. The average revenue growth estimate for next year is up 9.30% from the average revenue estimate for this year.