Somewhat Favorable News Coverage Somewhat Unlikely to Affect Infinera (INFN) Stock Price
Media headlines about Infinera (NASDAQ:INFN) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Infinera earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media coverage about the communications equipment provider an impact score of 45.5780123670555 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Infinera (INFN) Rating Lowered to Sell at BidaskClub (americanbankingnews.com)
- Better Buy: Infinera vs. Skyworks (finance.yahoo.com)
- Infinera Expands Leadership Team, Increasing Focus on Growth and Operational Efficiency (finance.yahoo.com)
- Guide to Day Traders – Infinera Corporation (NASDAQ: INFN) – Alpha Beta Stock (alphabetastock.com)
- Infinera Sets February 7, 2018 for its Fiscal Fourth Quarter and Fiscal Year 2017 Financial Results Conference Call and Webcast (finance.yahoo.com)
Infinera (NASDAQ INFN) opened at $7.08 on Tuesday. Infinera has a 12 month low of $6.27 and a 12 month high of $12.50. The company has a market cap of $1,057.24, a P/E ratio of -6.62 and a beta of 1.44.
INFN has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 price objective on shares of Infinera in a research note on Tuesday, September 19th. Zacks Investment Research cut shares of Infinera from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Citigroup raised shares of Infinera from a “sell” rating to a “neutral” rating and set a $10.00 price objective for the company in a research note on Monday, October 16th. ValuEngine cut shares of Infinera from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Finally, B. Riley reaffirmed a “buy” rating and set a $12.00 price objective (down previously from $14.00) on shares of Infinera in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $10.96.
In related news, CEO Thomas J. Fallon purchased 100,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $6.33 per share, with a total value of $633,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 3.10% of the stock is owned by insiders.
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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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