After finishing at $5.95 in the prior trading day, Infinera Corp. (NASDAQ: INFN) closed at $5.80, down -2.52%. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 2406389 shares were traded.
Ratios:
Our goal is to gain a better understanding of INFN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 1.69. In the meantime, Its Debt-to-Equity ratio is 4.09 whereas as Long-Term Debt/Eq ratio is at 3.88.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Stifel on September 28, 2023, initiated with a Buy rating and assigned the stock a target price of $7.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 17 ’23 when Fernicola Michael H bought 4,000 shares for $4.00 per share. The transaction valued at 16,000 led to the insider holds 111,558 shares of the business.
Fernicola Michael H bought 6,500 shares of INFN for $25,350 on Aug 16 ’23. The Chief Accounting Officer now owns 107,558 shares after completing the transaction at $3.90 per share. On May 22 ’23, another insider, HEARD DAVID W, who serves as the Chief Executive Officer of the company, bought 6,000 shares for $4.95 each. As a result, the insider paid 29,686 and bolstered with 744,943 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INFN now has a Market Capitalization of 1.34B and an Enterprise Value of 1.95B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.82 while its Price-to-Book (P/B) ratio in mrq is 7.34. Its current Enterprise Value per Revenue stands at 1.19 whereas that against EBITDA is 16.27.
Stock Price History:
Over the past 52 weeks, INFN has reached a high of $7.50, while it has fallen to a 52-week low of $2.82. The 50-Day Moving Average of the stock is 5.20, while the 200-Day Moving Average is calculated to be 4.47.
Shares Statistics:
The stock has traded on average 3.39M shares per day over the past 3-months and 5.14M shares per day over the last 10 days, according to various share statistics. A total of 231.42M shares are outstanding, with a floating share count of 228.74M. Insiders hold about 1.16% of the company’s shares, while institutions hold 97.91% stake in the company. Shares short for INFN as of Mar 15, 2024 were 45.83M with a Short Ratio of 13.50, compared to 44.03M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 19.80% and a Short% of Float of 26.81%.
Earnings Estimates
Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of $0.1 for the current quarter, with a high estimate of $0.11 and a low estimate of $0.08, while EPS last year was $0.16. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.1 and low estimates of -$0.14.
Analysts are recommending an EPS of between $0.22 and $0.18 for the fiscal current year, implying an average EPS of $0.2. EPS for the following year is $0.23, with 10 analysts recommending between $0.26 and $0.15.
Revenue Estimates
8 analysts predict $443.63M in revenue for the current quarter. It ranges from a high estimate of $445.89M to a low estimate of $442.7M. As of the current estimate, Infinera Corp.’s year-ago sales were $485.94M, an estimated decrease of -8.70% from the year-ago figure.
A total of 9 analysts have provided revenue estimates for INFN’s current fiscal year. The highest revenue estimate was $1.61B, while the lowest revenue estimate was $1.6B, resulting in an average revenue estimate of $1.6B. In the same quarter a year ago, actual revenue was $1.57B, up 1.90% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $1.64B in the next fiscal year. The high estimate is $1.69B and the low estimate is $1.6B. The average revenue growth estimate for next year is up 2.40% from the average revenue estimate for this year.
