Needham analyst Alex Henderson reiterated a Buy rating on Infinera (NASDAQ:INFN) Corp. on Wednesday, setting a price target of $12, which is approximately 119.78% above the present share price of $5.46.
Henderson expects Infinera Corp . to post earnings per share (EPS) of -$0.55 for the second quarter of 2020.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Infinera, with an average price target of $6.96.
The analysts price targets range from a high of $12 to a low of $3.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $330.27 million and a net profit of -$62.08 million. The company's market cap is $1.03 billion.
According to TipRanks.com, Needham analyst Alex Henderson is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.1% and a 57.24% success rate.
Infinera Corp. engages in the provision of optical transport networking equipment, software, and services to telecommunications carriers. Its products include long-haul and subsea, metro networks, data center interconnect, and software. The company was founded by David F. Welch, Drew Daniel Perkins, and Jagdeep Singh in December 2000, and is headquartered in Sunnyvale, CA.