Infinera Corporation [INFN] is -21.66% lower this YTD. Is it still time to buy?

Infinera Corporation [NASDAQ: INFN] price plunged by -3.64 percent to reach at -$0.31. The company report on September 20, 2021 that Globe Telecom Upgrades Network for 5G with Infinera’s Auto-Lambda Solution.

Infinera (NASDAQ: INFN) announced that Globe Telecom, Inc. (Globe), a major provider of telecom services in the Philippines, deployed Infinera’s Auto-Lambda solution, featuring autotuneable optics, to upgrade its existing 4G access and aggregation networks and in anticipation of providing future 5G services. By upgrading its access network with Infinera’s autotuneable optics technology, Globe can deliver more capacity on its existing network and scale to address bandwidth growth within its current network architecture while reducing both capital and ongoing operational expenses.

Globe is the leading mobile network operator in the Philippines and offers one of the largest fixed line and broadband networks in the country. With what is believed to be the industry’s first widescale deployment of autotuneable optics over sophisticated amplified ring architectures, Globe is advancing innovation in its access network to address growing capacity demands while evolving its previously deployed IP network to support the increasing demands in mobile backhaul capacity for 5G. Utilizing Infinera’s Auto-Lambda solution, Globe can easily plug autotuneable dense wavelength-division multiplexing (DWDM) optics directly into its existing aggregation and access nodes, allowing its network to automatically tune each of the optical signals to the appropriate wavelength, which significantly simplifies deployment while increasing capacity.

A sum of 1978331 shares traded at recent session while its average daily volume was at 1.88M shares. Infinera Corporation shares reached a high of $8.275 and dropped to a low of $8.10 until finishing in the latest session at $8.21.

The one-year INFN stock forecast points to a potential upside of 20.29. The average equity rating for INFN stock is currently 2.70, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Infinera Corporation [INFN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INFN shares is $10.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INFN stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

MKM Partners have made an estimate for Infinera Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 24, 2021. The new note on the price target was released on May 13, 2021, representing the official price target for Infinera Corporation stock. Previously, the target price had yet another raise from $7 to $11.50, while Citigroup kept a Neutral rating on INFN stock.

The Average True Range (ATR) for Infinera Corporation is set at 0.30, with the Price to Sales ratio for INFN stock in the period of the last 12 months amounting to 1.30. The Price to Book ratio for the last quarter was 4.51, with the Price to Cash per share for the same quarter was set at 1.01. Price to Free Cash Flow for INFN in the course of the last twelve months was 179.52 with Quick ratio for the last quarter at 1.20.

INFN Stock Performance Analysis:

Infinera Corporation [INFN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.91. With this latest performance, INFN shares dropped by -4.31% in over the last four-week period, additionally sinking by -18.95% over the last 6 months – not to mention a rise of 39.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for INFN stock in for the last two-week period is set at 42.02, with the RSI for the last a single of trading hit 42.70, and the three-weeks RSI is set at 41.79 for Infinera Corporation [INFN]. The present Moving Average for the last 50 days of trading for this stock 8.92, while it was recorded at 8.22 for the last single week of trading, and 9.60 for the last 200 days.

Insight into Infinera Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Infinera Corporation [INFN] shares currently have an operating margin of -8.21 and a Gross Margin at +29.23. Infinera Corporation’s Net Margin is presently recorded at -15.25.

Return on Total Capital for INFN is now -11.74, given the latest momentum, and Return on Invested Capital for the company is -23.95. Return on Equity for this stock declined to -50.87, with Return on Assets sitting at -12.30. When it comes to the capital structure of this company, Infinera Corporation [INFN] has a Total Debt to Total Equity ratio set at 150.49. Additionally, INFN Total Debt to Total Capital is recorded at 60.08, with Total Debt to Total Assets ending up at 37.03. Long-Term Debt to Equity for the company is recorded at 122.81, with the Long-Term Debt to Total Capital now at 49.03.

Reflecting on the efficiency of the workforce at the company, Infinera Corporation [INFN] managed to generate an average of -$67,778 per employee. Receivables Turnover for the company is 4.05 with a Total Asset Turnover recorded at a value of 0.81.Infinera Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.80.

INFN Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for INFN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Infinera Corporation go to 5.00%.

Infinera Corporation [INFN] Insider Position Details

There are presently around $1,590 million, or 98.00% of INFN stock, in the hands of institutional investors. The top three institutional holders of INFN stocks are: FMR LLC with ownership of 30,749,488, which is approximately 0.965% of the company’s market cap and around 0.80% of the total institutional ownership; OAKTREE CAPITAL MANAGEMENT LP, holding 25,175,384 shares of the stock with an approximate value of $206.69 million in INFN stocks shares; and VANGUARD GROUP INC, currently with $141.45 million in INFN stock with ownership of nearly 0.798% of the company’s market capitalization.

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Positions in Infinera Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 100 institutional holders increased their position in Infinera Corporation [NASDAQ:INFN] by around 18,494,658 shares. Additionally, 100 investors decreased positions by around 12,126,845 shares, while 40 investors held positions by with 163,065,658 shares. The mentioned changes placed institutional holdings at 193,687,161 shares, according to the latest SEC report filing. INFN stock had 35 new institutional investments in for a total of 5,043,658 shares, while 36 institutional investors sold positions of 3,892,733 shares during the same period.

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