Rail-splitter Capital Management Exits Position in Infinera Corp. (INFN)

Infinera Corp. (INFN) : Rail-splitter Capital Management has sold out all of its stake in Infinera Corp. during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 472,321 shares of Infinera Corp. which is valued at $4,203,657.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in INFN during the most recent quarter. The investment firm sold 9,900 shares of INFN which is valued $123,849. Eagle Asset Management Inc added INFN to its portfolio by purchasing 1,953,375 company shares during the most recent quarter which is valued at $23,694,439. Infinera Corp. makes up approx 0.16% of Eagle Asset Management Inc’s portfolio. Fox Run Management L.l.c. sold out all of its stake in INFN during the most recent quarter. The investment firm sold 27,500 shares of INFN which is valued $333,575.

Infinera Corp. closed down -0.07 points or -0.75% at $9.29 with 20,68,684 shares getting traded on Monday. Post opening the session at $9.4, the shares hit an intraday low of $9.25 and an intraday high of $9.495 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Infinera Corp. reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.18. The company had revenue of $258.82 million for the quarter, compared to analysts expectations of $255.83 million. The company’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Infinera Corp.. Infinera Corp. was Downgraded by Northland Capital to ” Market Perform” on Jul 28, 2016. Infinera Corp. was Downgraded by Jefferies to ” Hold” on Jul 28, 2016. Infinera Corp. was Downgraded by Raymond James to ” Mkt Perform” on Jul 28, 2016.

Infinera Corporation is engaged in optical transport networking systems. The Company provides optical transport networking equipment software and services to Tier 1 and Tier 2 telecommunications service providers Internet content providers (ICPs) cable operators wholesale and enterprise carriers research and education institutions and government entities around the world. The Company’s technologies and platforms enable Service Providers to deliver bandwidth. The Company uses its large scale photonic integrated circuits (PICs) to deliver optical networking solutions for the network environments. Its product portfolio consists of the Infinera DTN-X and the Infinera DTN platforms targeted for long-haul and subsea networks and the Cloud Xpress and ATN platforms targeted for metro networks. It also provides software solutions to increase the efficiency and optimization of the network.

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