Geduld E E adds Infinera Corp. (INFN) to its portfolio

Infinera Corp. (INFN) : Geduld E E added new position in Infinera Corp. during the most recent quarter end. The investment management firm now holds 23,000 shares of Infinera Corp. which is valued at $208,380 , the company said in a statement filed on Aug 8, 2016 with the SEC.Infinera Corp. makes up approximately 0.29% of Geduld E E’s portfolio.

Other Hedge Funds, Including , Rail-splitter Capital Management sold out all of its stake in INFN during the most recent quarter. The investment firm sold 472,321 shares of INFN which is valued $4,203,657. Palisade Capital Managementnj added INFN to its portfolio by purchasing 22,000 company shares during the most recent quarter which is valued at $195,800. Infinera Corp. makes up approx 0.01% of Palisade Capital Managementnj’s portfolio.Financial Architects Inc reduced its stake in INFN by selling 505 shares or 70.24% in the most recent quarter. The Hedge Fund company now holds 214 shares of INFN which is valued at $2,677.

Infinera Corp. opened for trading at $9.16 and hit $9.46 on the upside on Monday, eventually ending the session at $9.35, with a gain of 3.20% or 0.29 points. The heightened volatility saw the trading volume jump to 24,09,112 shares. Company has a market cap of $1,339 M.

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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