Quite a few research analysts have predicted that the stocks of INFN would be posting a sales sum of $357.36 million for the present quarter. According to six different research analysts, the estimates for the earnings of the company have been determined. The lowest estimate has been in the range of $348.10 million, with the highest going all the way to $365.70 million. The company had posted sales of $384.57 million the previous year- which implies a negative annual growth rate of about 7.1%.
The Quarterly Earnings of INFN
INFN had previously uploaded their quarterly earnings results on the 5th of November. The provider for communications equipment was reportedly posting an EPS of $0.02 for the previous quarter, which went against the consensus estimate of $0.06. The revenue generated by the firm for the quarter was $340.21 million, which was more than the consensus estimate of $335.91 million. The stocks of INFN have a negative return on equity at 27.33%, with a negative net margin of about 19%.
There are quite a number of analysts that have commented on the stocks of INFN. B. Riley has already reduced the shares of the company from a rating of buy to a rating of neutral, along with a price target of $11.50 on the stock. Citigroup has increased the rating on the stocks of the company from sell to neutral, along with a price objective set at $11.50. Zacks Investment Research has decreased the rating of INFN from hold to sell in a 21st December research note.
Four of the equities analysts involved in covering INFN have given the stocks a rating of sell, with seven of them giving them a rating of hold. Six investment analysts have a rating of buy. Currently, the company has a price target of $8.38, along with a rating of hold.
