Infinera Corporation (INFN) : 11 analysts are covering Infinera Corporation (INFN) and their average rating on the stock is 1.73, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Infinera Corporation (INFN) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Infinera Corporation (INFN) : The highest short term price target forecast on Infinera Corporation (INFN) is $26 and the lowest target price is $13. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $19.75 with a standard deviation of $4.17.
For the current week, the company shares have a recommendation consensus of Buy.
Infinera Corporation (NASDAQ:INFN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.62 and $11.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.77, notching a gain of 2.79% for the day. The total traded volume was 2,029,239 . The stock had closed at $11.45 on the previous day.
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.