Infinera Co. (NASDAQ:INFN – Get Free Report) has been given a consensus rating of “Moderate Buy” by the five analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $6.72.
A number of equities research analysts have issued reports on INFN shares. Needham & Company LLC lowered their price target on Infinera from $15.00 to $10.00 and set a “strong-buy” rating for the company in a research report on Thursday, August 10th. Rosenblatt Securities restated a “buy” rating and set a $6.00 price objective on shares of Infinera in a research note on Friday, August 25th. StockNews.com upgraded Infinera from a “sell” rating to a “hold” rating in a research note on Thursday, October 19th. Stifel Nicolaus initiated coverage on Infinera in a research note on Wednesday, September 27th. They set a “buy” rating and a $7.00 price objective on the stock. Finally, Jefferies Financial Group upgraded Infinera from an “underperform” rating to a “hold” rating in a research note on Friday, August 11th.
Infinera Price Performance
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its stake in shares of Infinera by 128.3% in the first quarter. Nisa Investment Advisors LLC now owns 3,808 shares of the communications equipment provider’s stock worth $30,000 after acquiring an additional 2,140 shares in the last quarter. Clear Street Markets LLC bought a new stake in Infinera in the first quarter valued at about $39,000. Tower Research Capital LLC TRC increased its holdings in Infinera by 85.4% in the first quarter. Tower Research Capital LLC TRC now owns 5,291 shares of the communications equipment provider’s stock valued at $41,000 after buying an additional 2,437 shares during the last quarter. Stephens Inc. AR bought a new stake in Infinera in the second quarter valued at about $49,000. Finally, Creative Planning increased its holdings in Infinera by 33.2% in the third quarter. Creative Planning now owns 14,244 shares of the communications equipment provider’s stock valued at $60,000 after buying an additional 3,547 shares during the last quarter. Institutional investors and hedge funds own 99.49% of the company’s stock.
Infinera Company Profile
Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.
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