Analysts: Infinera Corporation (NASDAQ:INFN)

Analysts are weighing in on how Infinera Corp. (NASDAQ:INFN) , might perform in the near term. Wall Street analysts have a much less favorable assessment of the stock, with a mean rating of 2.2. The stock is rated as buy by 6 analysts, with 2 outperform and 5 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.

For the current quarter, the 14.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.18 a share, which would compare with $0.18 in the same quarter last year. They have a high estimate of $0.19 and a low estimate of $0.17. Revenue for the period is expected to total nearly $255.90M from $207.35M the year-ago period.

For the full year, 14.00 Wall Street analysts forecast this company would deliver earnings of 0.84 per share, with a high estimate of $0.93 and a low estimate of $0.79. It had reported earnings per share of $0.78 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $1.07B versus 888.04M in the preceding year.

The analysts project the company to maintain annual growth of around 17.50% percent over the next five years as compared to an average growth rate of 14.71% percent expected for its competitors in the same industry.

Among the 12 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for INFN is $18.33 but some analysts are projecting the price to go as high as $23.00. If the optimistic analysts are correct, that represents a 77 percent upside potential from the recent closing price of $13.00. Some sell-side analysts, particularly the bearish ones, have called for $15.00 price targets on shares of Infinera Corp. (NASDAQ:INFN) .

In the last reported results, the company reported earnings of $0.18 per share, while analysts were calling for share earnings of $0.16. It was an earnings surprise of 12.50%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company offers Infinera DTN-X family of platforms for subsea, long-haul, regional, and metro mesh networks; Infinera DTN platform for subsea, long-haul, and regional mesh networks that support a range of Ethernet and optical transport network client interfaces; and Infinera FlexILS Line System platform that connects various Infinera platforms over long distance fiber optic cable. It also provides Infinera TM-Series, a carrier-grade packet-optical transport platform; Infinera TS-Series, a passive optical wavelength-division multiplexing (WDM) product; Infinera Cloud Xpress Platform, a compact platform for cloud/data center interconnect applications; and Infinera ATN Platform, a small form-factor WDM platform. In addition, the company offers Infinera Open Transport Switch, a software platform that enables abstraction and virtualization of the underlying Infinera platforms; and Infinera Management Suite, a network management system used by network operators to manage various Infinera platforms. Further, it provides various support services for vraious hardware and software products. The company serves communications service providers, Internet content providers, cable providers, wholesale and enterprise carriers, research and education institutions, and government entities. It markets and sells its products and related support services primarily through its direct sales force. The company was formerly known as Zepton Networks. Infinera Corporation was founded in 2000 and is headquartered in Sunnyvale, California.