Infinera Corp. (NASDAQ:INFN) shares were up 5.4% on Friday . The company traded as high as $8.81 and last traded at $8.76, with a volume of 9,771,877 shares changing hands. The stock had previously closed at $8.31.

Several research analysts have weighed in on the stock. Citigroup Inc. reiterated a “buy” rating and issued a $20.00 price target on shares of Infinera Corp. in a research report on Sunday, April 10th. Drexel Hamilton assumed coverage on shares of Infinera Corp. in a research report on Friday, April 8th. They issued a “buy” rating and a $22.00 price target on the stock. Stifel Nicolaus decreased their price target on shares of Infinera Corp. from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, April 28th. Deutsche Bank AG reiterated a “buy” rating on shares of Infinera Corp. in a research report on Tuesday, April 19th. Finally, Jefferies Group reiterated a “buy” rating on shares of Infinera Corp. in a research report on Saturday, May 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Infinera Corp. has an average rating of “Hold” and a consensus target price of $16.27.

The company has a 50-day moving average price of $11.55 and a 200 day moving average price of $13.67. The firm has a market capitalization of $1.25 billion and a price-to-earnings ratio of 29.01.

Infinera Corp. (NASDAQ:INFN) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. The business earned $258.82 million during the quarter, compared to analysts’ expectations of $255.83 million. During the same period last year, the company earned $0.18 earnings per share. The firm’s revenue was up 24.8% on a year-over-year basis. Equities analysts anticipate that Infinera Corp. will post $0.43 earnings per share for the current fiscal year.

In other news, CFO Brad Feller bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was purchased at an average cost of $11.75 per share, for a total transaction of $293,750.00. Following the purchase, the chief financial officer now directly owns 86,628 shares in the company, valued at approximately $1,017,879. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Thomas J. Fallon bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was purchased at an average price of $11.95 per share, with a total value of $1,195,000.00. The disclosure for this purchase can be found here.

Several institutional investors have recently bought and sold shares of INFN. KBC Group NV purchased a new position in Infinera Corp. during the fourth quarter valued at about $1,232,000. Trexquant Investment LP purchased a new position in Infinera Corp. during the fourth quarter valued at about $2,735,000. Hodges Capital Management Inc. purchased a new position in Infinera Corp. during the fourth quarter valued at about $12,217,000. Marshall Wace LLP boosted its position in Infinera Corp. by 73.6% in the fourth quarter. Marshall Wace LLP now owns 244,156 shares of the company’s stock valued at $4,424,000 after buying an additional 103,545 shares in the last quarter. Finally, Fiduciary Management Associates LLC boosted its position in Infinera Corp. by 16.1% in the fourth quarter. Fiduciary Management Associates LLC now owns 1,181,799 shares of the company’s stock valued at $21,413,000 after buying an additional 164,200 shares in the last quarter.

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.

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