Infinera Corporation (INFN) : During the past 4 weeks, traders have been relatively bearish on Infinera Corporation (INFN), hence the stock is down -1.28% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.9% relative to the S&P 500. The 4-week change in the price of the stock is -1.48% and the stock has fallen -4.54% in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 4.43% and the fifty day Moving Average is 17.98%. Infinera Corporation has dropped 34.62% during the last three month period . Year-to-Date the stock performance stands at -52.37%.
Infinera Corporation (INFN) stock is expected to deviate a maximum of $3.28 from the average target price of $11.63 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $9.
Infinera Corporation (NASDAQ:INFN): stock turned positive on Friday. Though the stock opened at $8.59, the bulls momentum made the stock top out at $8.7 level for the day. The stock recorded a low of $8.53 and closed the trading day at $8.63, in the green by 0.23%. The total traded volume for the day was 2,318,084. The stock had closed at $8.61 in the previous days trading.
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 Companys 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.