Infinera Corporation (INFN) : Traders are bullish on Infinera Corporation (INFN) as it has outperformed the S&P 500 by a wide margin of 2.58% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.87%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.03% in the last 1 week, and is up 2.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.64% and the 50-Day Moving Average is 1.75%.The 200 Day SMA reached 30.59%
Infinera Corporation (NASDAQ:INFN): After opening at $8.82, the stock dipped to an intraday low of $8.76 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.08 and the buying power remained strong till the end. The stock closed at $9.03 for the day, a gain of 1.80% for the day session. The total traded volume was 1,631,932. The stocks close on the previous trading day was $9.03.
Infinera Corporation (INFN) : The highest level Infinera Corporation (INFN) is projected to reach is $18 for the short term and the lowest estimate is at $8. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $11.5 and the possibility the share price can swing is $3.41.
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.