There Is Still Room For Infinera Corporation (INFN) to Improve Its Value – Let’s Wait for Clarity

The closing price of Infinera Corporation (NASDAQ: INFN) was $7.38 for the day, up 7.74% from the previous closing price of $6.85. In other words, the price has increased by $+0.53 from its previous closing price. On the day, 11082465 shares were traded. INFN stock price reached its highest trading level at $7.80 during the session, while it also had its lowest trading level at $6.95.

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Our analysis of INFN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.60. In the meantime, Its Debt-to-Equity ratio is 3.72 whereas as Long-Term Debt/Eq ratio is at 3.72.

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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 1.07 while its Price-to-Book (P/B) ratio in mrq is 9.00.

Stock Price History:

Over the past 52 weeks, INFN has reached a high of $9.01, while it has fallen to a 52-week low of $4.26. The 50-Day Moving Average of the stock is 7.21, while the 200-Day Moving Average is calculated to be 6.08.

Shares Statistics:

INFN traded an average of 2.25M shares per day over the past three months and 4.01M shares per day over the past ten days. A total of 220.19M shares are outstanding, with a floating share count of 216.81M. Shares short for INFN as of Jan 30, 2023 were 37.99M with a Short Ratio of 40.96M, compared to 38.32M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 17.29% and a Short% of Float of 23.61%.

Earnings Estimates

The firm’s stock currently is rated by 12 analysts. On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.1 and a low estimate of $0.07, while EPS last year was $0.03. The consensus estimate for the next quarter is $0.02, with high estimates of $0.04 and low estimates of $0.

Analysts are recommending an EPS of between $0.05 and $0 for the fiscal current year, implying an average EPS of $0.03. EPS for the following year is $0.3, with 12 analysts recommending between $0.38 and $0.2.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 9 analysts. It ranges from a high estimate of $437.28M to a low estimate of $434.6M. As of the current estimate, Infinera Corporation’s year-ago sales were $401.24M, an estimated increase of 8.60% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $384M, an increase of 13.30% over than the figure of $8.60% in the same quarter last year. There is a high estimate of $401.9M for the next quarter, whereas the lowest estimate is $368.7M.

A total of 11 analysts have provided revenue estimates for INFN’s current fiscal year. The highest revenue estimate was $1.52B, while the lowest revenue estimate was $1.52B, resulting in an average revenue estimate of $1.52B. In the same quarter a year ago, actual revenue was $1.43B, up 6.60% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $1.66B 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 9.10% from the average revenue estimate for this year.