Infinera Corporation (INFN) Earning Somewhat Favorable Press Coverage, AlphaOne Reports

Media headlines about Infinera Corporation (NASDAQ:INFN) have trended somewhat positive this week, according to AlphaOne Sentiment Analysis. AlphaOne, a unit of Accern, scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Infinera Corporation earned a daily sentiment score of 0.10 on AlphaOne’s scale. AlphaOne also gave news articles about the communications equipment provider an impact score of 91 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the immediate future.

These are some of the media stories that may have impacted Alpha One Sentiment Analysis’s scoring:

Insider Buying and Selling by Quarter for Infinera Corporation (NASDAQ:INFN)

Shares of Infinera Corporation (NASDAQ INFN) traded up 0.52% during mid-day trading on Friday, hitting $11.52. The stock had a trading volume of 3,274,039 shares. The stock’s 50-day moving average is $10.07 and its 200 day moving average is $9.78. The firm’s market cap is $1.69 billion. Infinera Corporation has a 12 month low of $7.23 and a 12 month high of $13.24.

Infinera Corporation (NASDAQ:INFN) last issued its earnings results on Thursday, May 4th. The communications equipment provider reported ($0.15) EPS for the quarter, hitting analysts’ consensus estimates of ($0.15). The firm had revenue of $175.50 million during the quarter, compared to the consensus estimate of $172.62 million. Infinera Corporation had a negative net margin of 9.54% and a negative return on equity of 4.94%. The company’s revenue was down 28.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Equities research analysts predict that Infinera Corporation will post ($0.44) earnings per share for the current fiscal year.

A number of research firms have recently commented on INFN. BidaskClub raised Infinera Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday. Goldman Sachs Group, Inc. (The) raised Infinera Corporation from a “neutral” rating to a “buy” rating and upped their target price for the company from $10.00 to $13.50 in a research note on Thursday, March 16th. ValuEngine raised Infinera Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. TheStreet cut Infinera Corporation from a “c-” rating to a “d+” rating in a research note on Monday, May 15th. Finally, Wells Fargo & Company raised Infinera Corporation from a “market perform” rating to an “outperform” rating and upped their target price for the company from $10.00 to $13.00 in a research note on Friday, May 26th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $10.95.

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Infinera Corporation Company Profile

Infinera Corporation provides optical transport networking equipment, software and services to telecommunications service providers, Internet content providers (ICPs), cable providers, wholesale and enterprise carriers, research and education institutions, enterprise customers and government entities across the globe.

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