Infinera Co. (NASDAQ:INFN) Shares Sold by Wellington Wealth Strategies LLC.

Wellington Wealth Strategies LLC. reduced its holdings in Infinera Co. (NASDAQ:INFN) by 50.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the communications equipment provider’s stock after selling 20,000 shares during the period. Wellington Wealth Strategies LLC.’s holdings in Infinera were worth $121,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. SageView Advisory Group LLC acquired a new stake in Infinera in the 1st quarter valued at $39,000. Partners Capital Investment Group LLP acquired a new stake in shares of Infinera in the fourth quarter valued at about $48,000. Worth Venture Partners LLC purchased a new stake in shares of Infinera during the fourth quarter worth about $53,000. Ironwood Investment Counsel LLC acquired a new position in shares of Infinera during the 4th quarter worth about $56,000. Finally, SG Americas Securities LLC acquired a new position in shares of Infinera during the 4th quarter worth about $81,000. 97.54% of the stock is currently owned by hedge funds and other institutional investors.

Infinera Trading Up 1.2 %

Shares of INFN stock traded up $0.07 on Friday, hitting $6.05. 7,863,657 shares of the stock traded hands, compared to its average volume of 3,957,816. The company has a current ratio of 1.65, a quick ratio of 0.97 and a debt-to-equity ratio of 4.08. Infinera Co. has a twelve month low of $2.82 and a twelve month high of $6.62. The firm’s 50-day moving average price is $5.65 and its two-hundred day moving average price is $5.30.

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

Analyst Ratings Changes

INFN has been the subject of several research reports. Morgan Stanley boosted their price objective on Infinera from $5.40 to $6.65 and gave the stock an “equal weight” rating in a research note on Friday, June 28th. B. Riley reissued a “buy” rating and issued a $9.00 price objective on shares of Infinera in a research note on Wednesday, May 15th. StockNews.com started coverage on shares of Infinera in a research note on Thursday. They set a “sell” rating on the stock. Craig Hallum reiterated a “hold” rating and issued a $6.65 target price (down from $12.00) on shares of Infinera in a research report on Monday, July 1st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $7.00 price target on shares of Infinera in a research note on Wednesday, May 15th. One 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. Based on data from MarketBeat, Infinera has an average rating of “Hold” and an average target price of $7.55.

Infinera Profile

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.