Infinera Corporation (NASDAQ:INFN): 8 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $20 in Infinera Corporation (NASDAQ:INFN). However, the stock price could fluctuate by $ 3.74 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $26 price target with the lower price estimate is calculated at $15
Many analysts have stated their opinion on the company shares. Nomura initiates coverage on Infinera Corporation (NASDAQ:INFN). Nomura has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $17 per share. The rating by the firm was issued on June 3, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CFO of Infinera Corp, Feller Brad had purchased shares worth of $294,000 in a transaction dated on May 3, 2016. A total of 25,000 shares were purchased at a price of $11.76 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Infinera Corporation (NASDAQ:INFN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.2 points or 1.58% at $12.49 with 1,683,135 shares getting traded. Post opening the session at $12.64, the shares hit an intraday low of $12.47 and an intraday high of $12.75 and the price was in this range throughout the day. The company has a market cap of $1,767 million and the number of outstanding shares have been calculated to be 141,465,910 shares. The 52-week high of Infinera Corporation (NASDAQ:INFN) is $25.24 and the 52-week low is $11.5.
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.