Infinera Corporation (INFN) : Analyst Rating Update

Infinera Corporation (INFN) : 6 brokerage houses believe that Infinera Corporation (INFN) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Infinera Corporation (INFN). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 1.73.

Infinera Corporation (INFN) : The consensus price target for Infinera Corporation (INFN) is $19.75 for the short term with a standard deviation of $4.17. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $26, however, the pessimist price target for the company is $13.

Infinera Corporation (NASDAQ:INFN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.70 and $10.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.85, notching a gain of 0.28% for the day. The total traded volume was 1,347,495 . The stock had closed at $10.82 on the previous day.

Also, Nomura initiates coverage on Infinera Corporation (NASDAQ:INFN) . The global brokerage major announces a current price target of $17 per share. Analysts at the Nomura have a current rating of Buy on the shares. The rating by the firm was issued on June 3, 2016. The company shares have dropped -45.94% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $25.24 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $12.26 and the 200 Day Moving Average price is recorded at $14.38.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.