Innofone Com Inc (NASDAQ:INFN) Institutional Investors Q4 2017 Sentiment

May 17, 2018 - By Hannah Black

Infinera Corporation (NASDAQ:INFN) Logo

Sentiment for Innofone Com Inc (NASDAQ:INFN)

Innofone Com Inc (NASDAQ:INFN) institutional sentiment decreased to 0.79 in Q4 2017. Its down -0.41, from 1.2 in 2017Q3. The ratio turned negative, as 60 investment managers increased or started new equity positions, while 76 trimmed and sold holdings in Innofone Com Inc. The investment managers in our partner’s database now have: 124.27 million shares, down from 132.17 million shares in 2017Q3. Also, the number of investment managers holding Innofone Com Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 23 Reduced: 53 Increased: 41 New Position: 19.

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company has market cap of $1.52 billion. The companyÂ’s product portfolio consists of Infinera DTN-X Family of terabit-class transport network platforms, including the XTC Series, XTS Series, and XT Series; and Infinera DTN platform that supports various Ethernet and optical transport network client interfaces for long-haul, subsea, and regional mesh networks. It currently has negative earnings. It also provides Infinera XTM Series carrier-grade packet-optical transport platform that enables high-performance metro networks with service-aware, application-specific capabilities; Infinera XTG Series that is a family of passive optical wavelength-division multiplexing products for metro access applications; and Infinera Cloud Xpress Family multiple platforms that are designed to meet the varying needs of cloud service providers, Internet content providers, Internet exchange service providers, enterprises, and other large-scale data center operators.

It closed at $10.05 lastly. It is down 0.28% since May 17, 2017 and is uptrending. It has underperformed by 11.27% the S&P500.

Analysts await Infinera Corporation (NASDAQ:INFN) to report earnings on August, 2. They expect $-0.12 earnings per share, up 50.00 % or $0.12 from last year’s $-0.24 per share. After $-0.12 actual earnings per share reported by Infinera Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Adirondack Research & Management Inc. holds 1.01% of its portfolio in Infinera Corporation for 408,090 shares. Motley Fool Asset Management Llc owns 661,100 shares or 0.9% of their US portfolio. Moreover, Elk Creek Partners Llc has 0.7% invested in the company for 1.89 million shares. The California-based Granite Investment Partners Llc has invested 0.49% in the stock. Aristotle Capital Boston Llc, a Massachusetts-based fund reported 760,914 shares.

Infinera Corporation (NASDAQ:INFN) Ratings Coverage

Ratings analysis reveals 40% of Infinera’s analysts are positive. Out of 10 Wall Street analysts rating Infinera, 4 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $7.5 while the high is $13.0. The stock’s average target of $12.19 is 21.29% above today’s ($10.05) share price. INFN was included in 14 notes of analysts from January 24, 2018. The company was upgraded on Thursday, February 8 by Northland Capital. The firm has “Buy” rating given on Thursday, February 8 by B. Riley & Co. The firm has “Market Perform” rating given on Monday, March 19 by Northland Capital. J.P. Morgan initiated Infinera Corporation (NASDAQ:INFN) rating on Thursday, May 3. J.P. Morgan has “Hold” rating and $1300 target. The firm earned “Hold” rating on Tuesday, May 8 by FBR Capital. The firm has “Buy” rating given on Thursday, February 8 by FBR Capital. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, March 9 report. The stock of Infinera Corporation (NASDAQ:INFN) earned “Neutral” rating by Citigroup on Friday, March 9. William Blair maintained Infinera Corporation (NASDAQ:INFN) on Tuesday, February 6 with “Buy” rating. William Blair maintained Infinera Corporation (NASDAQ:INFN) on Thursday, May 10 with “Buy” rating.

More important recent Infinera Corporation (NASDAQ:INFN) news were published by: Seekingalpha.com which released: “Infinera (INFN) Q1 2018 Results – Earnings Call Transcript” on May 10, 2018, also Seekingalpha.com published article titled: “Infinera: What To Expect From Q1 Results?”, Nasdaq.com published: “Research Report Identifies Monster Beverage, Infinera, Zynga, Calithera Biosciences, Marathon Oil, and National …” on May 16, 2018. More interesting news about Infinera Corporation (NASDAQ:INFN) was released by: Globenewswire.com and their article: “Infinera Corporation Reports First Quarter 2018 Financial Results” with publication date: May 09, 2018.

Infinera Corporation (NASDAQ:INFN) Institutional Positions Chart

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