Stifel Financial Corp Sells 5,998 Shares of Infinera Corp. (INFN)

Stifel Financial Corp lessened its stake in Infinera Corp. (NASDAQ:INFN) by 11.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,826 shares of the communications equipment provider’s stock after selling 5,998 shares during the period. Stifel Financial Corp’s holdings in Infinera were worth $189,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of INFN. Elk Creek Partners LLC increased its position in Infinera by 53.5% in the 4th quarter. Elk Creek Partners LLC now owns 3,608,233 shares of the communications equipment provider’s stock valued at $14,397,000 after acquiring an additional 1,257,311 shares during the period. Renaissance Technologies LLC increased its position in Infinera by 338.7% in the 3rd quarter. Renaissance Technologies LLC now owns 1,299,086 shares of the communications equipment provider’s stock valued at $9,483,000 after acquiring an additional 1,002,934 shares during the period. Canada Pension Plan Investment Board increased its position in Infinera by 361.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,231,400 shares of the communications equipment provider’s stock valued at $4,913,000 after acquiring an additional 964,301 shares during the period. Vanguard Group Inc increased its position in Infinera by 6.9% during the 3rd quarter. Vanguard Group Inc now owns 14,318,728 shares of the communications equipment provider’s stock worth $104,526,000 after purchasing an additional 918,279 shares during the period. Finally, Vanguard Group Inc. increased its position in Infinera by 6.9% during the 3rd quarter. Vanguard Group Inc. now owns 14,318,728 shares of the communications equipment provider’s stock worth $104,526,000 after purchasing an additional 918,279 shares during the period. Hedge funds and other institutional investors own 85.18% of the company’s stock.

Several research firms have issued reports on INFN. Northland Securities reiterated a “buy” rating and set a $7.00 target price on shares of Infinera in a research report on Sunday. BidaskClub upgraded Infinera from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded Infinera from a “sell” rating to a “hold” rating in a research report on Friday, December 28th. ValuEngine cut Infinera from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Finally, Morgan Stanley set a $6.00 target price on Infinera and gave the stock a “hold” rating in a research report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Infinera has a consensus rating of “Hold” and a consensus price target of $8.36.

Shares of NASDAQ:INFN opened at $4.84 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.28 and a debt-to-equity ratio of 0.65. Infinera Corp. has a 12 month low of $3.54 and a 12 month high of $12.39.

Infinera (NASDAQ:INFN) last announced its quarterly earnings results on Thursday, February 21st. The communications equipment provider reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.10. The business had revenue of $332.06 million for the quarter, compared to analyst estimates of $324.85 million. Infinera had a negative return on equity of 14.96% and a negative net margin of 22.40%. As a group, analysts forecast that Infinera Corp. will post -0.76 earnings per share for the current fiscal year.

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About Infinera

Infinera Corporation provides optical transport networking solutions, equipment, and software and services worldwide. The company's product portfolio consists of Infinera DTN-X Family of terabit-class transport network platforms, including the XTC Series, XTS Series, and XT Series; Infinera DTN-X XTC series multi-terabit packet optical transport platforms that integrate digital OTN switching and optical WDM transmission; and Infinera DTN-X XT series for terrestrial applications and XTS series for subsea applications.

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Institutional Ownership by Quarter for Infinera (NASDAQ:INFN)

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