Infinera (NASDAQ:INFN) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.34) per share for the quarter. Infinera has set its Q2 2019 guidance at $-0.3–0.26 EPS and its Q2 guidance at ($0.30)-(0.26) EPS.
Infinera (NASDAQ:INFN) last released its quarterly earnings data on Wednesday, May 8th. The communications equipment provider reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.04. The firm had revenue of $295.60 million for the quarter, compared to analyst estimates of $311.11 million. Infinera had a negative net margin of 29.68% and a negative return on equity of 20.02%. Infinera’s quarterly revenue was up 45.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) earnings per share. On average, analysts expect Infinera to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
INFN opened at $3.54 on Tuesday. The firm has a market capitalization of $632.90 million, a price-to-earnings ratio of -5.53 and a beta of 0.79. Infinera has a fifty-two week low of $2.80 and a fifty-two week high of $9.54. The stock’s 50-day simple moving average is $3.23. The company has a current ratio of 1.78, a quick ratio of 1.10 and a debt-to-equity ratio of 0.55.
In other news, COO David W. Heard bought 25,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was purchased at an average price of $3.13 per share, for a total transaction of $78,250.00. Following the transaction, the chief operating officer now owns 80,816 shares in the company, valued at $252,954.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas J. Fallon bought 50,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was purchased at an average price of $3.32 per share, with a total value of $166,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 175,000 shares of company stock valued at $559,250. 2.80% of the stock is owned by insiders.
Infinera Corporation provides optical transport networking 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.
Further Reading: Earnings Per Share
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