Stifel Nicolaus Initiates Coverage on Infinera Corp. to Hold

Stifel Nicolaus Initiates Coverage on Infinera Corp.(NASDAQ:INFN). The shares have been rated Hold. The rating by Stifel Nicolaus was issued on Sep 30, 2016.

In a different note, On Aug 25, 2016, Citigroup said it Downgrades its rating on Infinera Corp.. In the research note, the firm Lowers the price-target to $10.00 per share. The shares have been rated ‘Sell’ by the firm. On Jul 28, 2016, Jefferies said it Downgrades its rating on Infinera Corp.. The shares have been rated ‘Hold’ by the firm. On Jul 28, 2016, Citigroup said it Maintains its rating on Infinera Corp.. In the research note, the firm Lowers the price-target to $13.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 28, 2016, Deutsche Bank said it Maintains its rating on Infinera Corp.. In the research note, the firm Lowers the price-target to $23.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 28, 2016, Nomura said it Downgrades its rating on Infinera Corp.. The shares have been rated ‘Neutral’ by the firm. On Jul 28, 2016, B. Riley said it Downgrades its rating on Infinera Corp.. The shares have been rated ‘Neutral’ by the firm.

Infinera Corp. (INFN) made into the market gainers list on Tuesdays trading session with the shares advancing 1.34% or 0.12 points. Due to strong positive momentum, the stock ended at $9.08, which is also near the day’s high of $9.17. The stock began the session at $8.95 and the volume stood at 25,35,243 shares. The 52-week high of the shares is $22.85 and the 52 week low is $8.2. The company has a current market capitalization of $1,300 M and it has 14,31,88,660 shares in outstanding.

Infinera Corp.(INFN) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $259.00M. Analysts had an estimated revenue of $255.90M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.18.

Several Insider Transactions has been reported to the SEC. On Aug 3, 2016, Marcel Gani (director) purchased 50,000 shares at $8.60 per share price.Also, On Aug 3, 2016, Brad Feller (CFO) purchased 20,000 shares at $8.60 per share price.On Aug 2, 2016, John Daane (director) purchased 12,000 shares at $8.49 per share price, according to the Form-4 filing with the securities and exchange commission.

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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