Infinera (NASDAQ:INFN) Posts Earnings Results, Misses Estimates By $0.15 EPS

Infinera (NASDAQ:INFN) posted its quarterly earnings data on Thursday. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15), Zacks reports. Infinera had a negative net margin of 7.62% and a negative return on equity of 45.12%. The company had revenue of $414.39 million for the quarter, compared to analysts’ expectations of $409.08 million.

Infinera Price Performance

Shares of INFN opened at $6.64 on Friday. The business’s 50 day moving average is $6.62 and its 200 day moving average is $6.59. The company has a market capitalization of $1.57 billion, a PE ratio of -13.83 and a beta of 1.63. Infinera has a 12-month low of $4.41 and a 12-month high of $6.92. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 4.98.

Infinera Company 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.