Traders Buy Large Volume of Call Options on Infinera (NASDAQ:INFN)

Infinera Co. (NASDAQ:INFN) was the target of unusually large options trading on Wednesday. Stock investors acquired 5,008 call options on the company. This represents an increase of approximately 284% compared to the typical daily volume of 1,304 call options.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Infinera in a research note on Friday, June 28th. Craig Hallum restated a “hold” rating and issued a $6.65 price target (down from $12.00) on shares of Infinera in a research report on Monday. Stifel Nicolaus reiterated a “buy” rating and set a $7.00 price target on shares of Infinera in a report on Wednesday, May 15th. B. Riley restated a “buy” rating and issued a $9.00 price objective on shares of Infinera in a report on Wednesday, May 15th. Finally, Morgan Stanley upped their price target on Infinera from $5.40 to $6.65 and gave the company an “equal weight” rating in a research report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.55.

Infinera Trading Up 0.6 %

INFN traded up $0.04 during trading on Wednesday, hitting $6.24. The company’s stock had a trading volume of 6,226,332 shares, compared to its average volume of 3,562,768. The stock’s fifty day moving average price is $5.34 and its 200-day moving average price is $5.14. The company has a debt-to-equity ratio of 4.08, a current ratio of 1.65 and a quick ratio of 0.97. Infinera has a twelve month low of $2.82 and a twelve month high of $6.62.

Infinera (NASDAQ:INFN) last issued its earnings results on Tuesday, May 14th. The communications equipment provider reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.07). Infinera had a negative net margin of 5.11% and a negative return on equity of 27.68%. The firm had revenue of $306.92 million during the quarter, compared to analyst estimates of $337.73 million. As a group, sell-side analysts predict that Infinera will post -0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in INFN. Brown Advisory Inc. lifted its position in Infinera by 8.0% in the 4th quarter. Brown Advisory Inc. now owns 15,017,956 shares of the communications equipment provider’s stock valued at $71,335,000 after acquiring an additional 1,108,567 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Infinera by 1.3% during the third quarter. Vanguard Group Inc. now owns 24,281,031 shares of the communications equipment provider’s stock valued at $101,495,000 after buying an additional 314,856 shares during the last quarter. Victory Capital Management Inc. raised its position in Infinera by 23.2% in the 4th quarter. Victory Capital Management Inc. now owns 30,100 shares of the communications equipment provider’s stock valued at $143,000 after buying an additional 5,661 shares during the last quarter. DDD Partners LLC boosted its holdings in Infinera by 101.1% during the 4th quarter. DDD Partners LLC now owns 29,694 shares of the communications equipment provider’s stock worth $141,000 after acquiring an additional 14,925 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of Infinera by 12.1% in the fourth quarter. Handelsbanken Fonder AB now owns 47,406 shares of the communications equipment provider’s stock valued at $225,000 after purchasing an additional 5,100 shares during the last quarter. 97.54% of the stock is owned by institutional investors.

About Infinera

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.