Infinera Corporation (NASDAQ: INFN) has recently received a number of price target changes and ratings updates:

  • 8/7/2017 – Infinera Corporation had its price target lowered by analysts at Deutsche Bank AG from $12.50 to $12.00. They now have a “buy” rating on the stock.
  • 8/4/2017 – Infinera Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $14.00 price target on the stock.
  • 7/21/2017 – Infinera Corporation had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $14.00 price target on the stock.
  • 7/21/2017 – Infinera Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $10.00 price target on the stock.
  • 7/21/2017 – Infinera Corporation had its price target raised by analysts at Citigroup Inc. from $8.50 to $10.00. They now have a “sell” rating on the stock.
  • 7/18/2017 – Infinera Corporation is now covered by analysts at Craig Hallum. They set a “buy” rating and a $15.00 price target on the stock.
  • 7/17/2017 – Infinera Corporation had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $12.50 price target on the stock, up previously from $12.00.
  • 7/12/2017 – Infinera Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/12/2017 – Infinera Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Infinera provides Digital Optical Networking systems to telecommunications carriers, cable operators and other service providers worldwide. Infinera’s large-scale photonic integrated circuit incorporates hundred Gigabits per second of transmit and receive capacity and the functionality of more than sixty discrete optical components into a pair of indium phosphide chips. Infinera’s DTN system and PIC technology are designed to provide optical networks that provide operating simplicity, enhanced revenue generation, faster time-to-service and capital cost savings. “
  • 7/10/2017 – Infinera Corporation had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 7/6/2017 – Infinera Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/4/2017 – Infinera Corporation was given a new $7.00 price target on by analysts at Northland Securities. They now have a “hold” rating on the stock.
  • 6/27/2017 – Infinera Corporation was upgraded by analysts at B. Riley to a “buy” rating. They now have a $14.00 price target on the stock.
  • 6/22/2017 – Infinera Corporation was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating. They now have a $14.00 price target on the stock, up previously from $9.50.
  • 6/19/2017 – Infinera Corporation had its price target raised by analysts at Needham & Company LLC from $13.50 to $14.50. They now have a “strong-buy” rating on the stock.
  • 6/15/2017 – Infinera Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/14/2017 – Infinera Corporation was upgraded by analysts at MKM Partners from a “neutral” rating to a “buy” rating. They now have a $14.00 price target on the stock, up previously from $10.00.

Infinera Corporation (INFN) traded down 3.34% during trading on Monday, reaching $9.25. The company’s stock had a trading volume of 5,620,269 shares. The firm’s 50-day moving average price is $11.43 and its 200 day moving average price is $10.41. Infinera Corporation has a 12-month low of $7.23 and a 12-month high of $12.50. The company’s market capitalization is $1.36 billion.

Infinera Corporation (NASDAQ:INFN) last issued its earnings results on Thursday, August 3rd. The communications equipment provider reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by $0.01. The firm had revenue of $176.28 million for the quarter, compared to the consensus estimate of $181.16 million. Infinera Corporation had a negative net margin of 18.18% and a negative return on equity of 12.25%. The company’s revenue for the quarter was down 31.9% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. On average, analysts predict that Infinera Corporation will post ($0.48) earnings per share for the current fiscal year.

In other news, President David F. Welch sold 40,000 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $12.09, for a total value of $483,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President David F. Welch sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $12.00, for a total value of $60,000.00. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

Infinera Corporation provides optical transport networking equipment, software and services to telecommunications service providers, Internet content providers (ICPs), cable providers, wholesale and enterprise carriers, research and education institutions, enterprise customers and government entities across the globe.

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