Currently, there are 235.66M common shares owned by the public and among those 232.00M shares have been available to trade.
The company’s stock has a 5-day price change of -2.53% and 9.25% over the past three months. INFN shares are trading 21.89% year to date (YTD), with the 12-month market performance up to 44.39% higher. It has a 12-month low price of $2.82 and touched a high of $6.62 over the same period. INFN has an average intraday trading volume of 5.21 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.43%, 1.25%, and 16.59% respectively.
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Institutional ownership of Infinera Corp. (NASDAQ: INFN) shares accounts for 101.70% of the company’s 235.66M shares outstanding.
It has a market capitalization of $1.36B and a beta (3y monthly) value of 1.68. The earnings-per-share (ttm) stands at -$0.46. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.57% over the week and 1.78% over the month.
Analysts forecast that Infinera Corp. (INFN) will achieve an EPS of 0.06 for the current quarter, 0.2 for the next quarter and 0.4 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.0 while analysts give the company a high EPS estimate of 0.0. Comparatively, EPS for the current quarter was 0.08 a year ago. Earnings per share for the fiscal year are expected to decrease by -80.91%, and 857.67% over the next financial year. EPS should shrink at an annualized rate of 20.00% over the next five years, compared to 39.38% over the past 5-year period.
Looking at the support for the INFN, a number of firms have released research notes about the stock. Rosenblatt stated their Neutral rating for the stock in a research note on August 05, 2024, with the firm’s price target at $8-$6.65. Needham coverage for the Infinera Corp. (INFN) stock in a research note released on April 22, 2024 offered a Buy rating with a price target of $10. MKM Partners on their part issued Buy rating on August 04, 2022.
