6 days Ago By Defense World Staff
Renaissance Technologies LLC acquired a new position in shares of Infinera Co. ( NASDAQ:INFN – Free Report ) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 207,292 shares of the communications equipment provider’s stock, valued at approximately $1,362,000.
Renaissance Technologies LLC owned about 0.09% of Infinera at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also recently bought and sold shares of INFN.
Russell Investments Group Ltd. lifted its position in shares of Infinera by 1.9% in the fourth quarter.
Russell Investments Group Ltd. now owns 110,687 shares of the communications equipment provider’s stock valued at $727,000 after acquiring an additional 2,097 shares in the last quarter. Victory Capital Management Inc.
raised its stake in Infinera by 3.0% in the 4th quarter. Victory Capital Management Inc.
now owns 130,242 shares of the communications equipment provider’s stock valued at $856,000 after purchasing an additional 3,776 shares during the last quarter. Vestcor Inc purchased a new position in Infinera in the 4th quarter valued at about $34,000. Rhumbline Advisers boosted its stake in shares of Infinera by 1.
9% during the 4th quarter. Rhumbline Advisers now owns 292,741 shares of the communications equipment provider’s stock worth $1,923,000 after purchasing an additional 5,445 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of Infinera by 4.
9% during the third quarter. Tidal Investments LLC now owns 128,883 shares of the communications equipment provider’s stock worth $870,000 after buying an additional 6,066 shares in the last quarter. Hedge funds and other institutional investors own 97.
54% of the company’s stock. Analyst Ratings Changes Separately, StockNews.com started coverage on shares of Infinera in a research report on Tuesday.
They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.
com, the company has an average rating of “Hold” and a consensus target price of $7.09. Infinera Stock Performance Shares of INFN stock opened at $6.
64 on Tuesday. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -13.
83 and a beta of 1.63. The company has a 50 day moving average price of $6.
64 and a 200 day moving average price of $6.64. Infinera Co.
has a one year low of $4.75 and a one year high of $6.92.
The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.97 and a current ratio of 1.
58. Infinera ( NASDAQ:INFN – Get Free Report ) last issued its earnings results on Thursday, March 6th. The communications equipment provider reported ($0.
02) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.15).
The firm had revenue of $414.39 million during the quarter, compared to analysts’ expectations of $409.08 million.
Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%.
Sell-side analysts anticipate that Infinera Co. will post -0.33 EPS for the current year.
About Infinera ( Free Report ) Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms. Further Reading Five stocks we like better than Infinera Stock Market Sectors: What Are They and How Many Are There? Best Defense Stocks in 2025.
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com to get the latest 13F filings and insider trades for Infinera Co. ( NASDAQ:INFN – Free Report ). Receive News & Ratings for Infinera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infinera and related companies with MarketBeat.
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