For its fourth fiscal quarter (ending December 31), Infinera Corp (NASDAQ: INFN) has reported a -60% decline in E.P.S. from $0.15 a year ago to $0.06 in the current quarter. Relative to the consensus estimate of $0.09, this was a shortfall of $-0.03. For the latest four quarters through December 31, E.P.S. were $-0.11 versus $-0.35 for the same period a year ago.
Recent Price Action
Infinera Corp (NASDAQ: INFN) stock declined slightly by -1.0% on 5/13/24. The stock closed at $5.01. However, this decline was accompanied by below average trading volume at 79% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -4.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, INFN is expected to continue to be a major Value Builder.
Infinera has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Infinera has a very low Appreciation Score of 9 but a good Power Rating of 78, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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