Laurion Capital Management LP purchased a new stake in shares of Infinera Corporation (NASDAQ:INFN) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 93,821 shares of the communications equipment provider’s stock, valued at approximately $1,001,000. Laurion Capital Management LP owned 0.06% of Infinera Corporation as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Infinera Corporation by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 11,415,540 shares of the communications equipment provider’s stock valued at $116,781,000 after buying an additional 498,787 shares during the period. BlackRock Inc. raised its holdings in Infinera Corporation by 2.8% during the 2nd quarter. BlackRock Inc. now owns 9,844,377 shares of the communications equipment provider’s stock valued at $105,040,000 after buying an additional 268,912 shares during the period. Bank of New York Mellon Corp raised its holdings in Infinera Corporation by 33.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,793,110 shares of the communications equipment provider’s stock valued at $83,151,000 after buying an additional 1,949,576 shares during the period. Alliancebernstein L.P. raised its holdings in Infinera Corporation by 19.1% during the 2nd quarter. Alliancebernstein L.P. now owns 5,961,108 shares of the communications equipment provider’s stock valued at $63,605,000 after buying an additional 957,416 shares during the period. Finally, Eagle Asset Management Inc. raised its holdings in Infinera Corporation by 8.6% during the 2nd quarter. Eagle Asset Management Inc. now owns 4,353,295 shares of the communications equipment provider’s stock valued at $46,449,000 after buying an additional 346,427 shares during the period. Institutional investors own 86.67% of the company’s stock.

In other Infinera Corporation news, President David F. Welch sold 5,000 shares of Infinera Corporation 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, President David F. Welch sold 20,000 shares of Infinera Corporation stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $9.29, for a total value of $185,800.00. The disclosure for this sale can be found here. 2.90% of the stock is owned by insiders.

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Several analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $13.00 price target on shares of Infinera Corporation in a report on Tuesday, September 19th. MKM Partners decreased their price target on Infinera Corporation from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, August 18th. B. Riley restated a “buy” rating and set a $14.00 price target on shares of Infinera Corporation in a report on Wednesday, August 9th. BidaskClub lowered Infinera Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Infinera Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $11.82.

Shares of Infinera Corporation (INFN) opened at 8.45 on Friday. The stock’s market cap is $1.25 billion. The firm has a 50-day moving average price of $8.84 and a 200-day moving average price of $10.10. Infinera Corporation has a 1-year low of $7.23 and a 1-year high of $12.50.

Infinera Corporation (NASDAQ:INFN) last posted its earnings results on Thursday, August 3rd. The communications equipment provider reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.01). Infinera Corporation had a negative net margin of 18.18% and a negative return on equity of 12.39%. The business had revenue of $176.28 million during the quarter, compared to analysts’ expectations of $181.16 million. During the same quarter in the prior year, the firm earned $0.21 EPS. Infinera Corporation’s revenue for the quarter was down 31.9% compared to the same quarter last year. Equities analysts forecast that Infinera Corporation will post ($0.56) EPS for the current year.

Infinera Corporation Company Profile

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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Institutional Ownership by Quarter for Infinera Corporation (NASDAQ:INFN)

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