Infinera (INFN) PT Raised to $11.00
Infinera (NASDAQ:INFN) had its price target increased by B. Riley from $10.75 to $11.00 in a report published on Thursday. B. Riley currently has a buy rating on the communications equipment provider’s stock.
INFN has been the subject of several other research reports. Nomura decreased their price target on shares of Infinera from $13.00 to $11.00 and set a buy rating for the company in a research note on Thursday, November 9th. William Blair restated an outperform rating on shares of Infinera in a research note on Tuesday, February 6th. BidaskClub upgraded shares of Infinera from a strong sell rating to a sell rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Infinera from a sell rating to a hold rating in a research note on Wednesday, November 1st. Finally, ValuEngine lowered shares of Infinera from a sell rating to a strong sell rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of Hold and an average price target of $11.27.
Shares of Infinera (NASDAQ:INFN) opened at $9.33 on Thursday. Infinera has a one year low of $6.10 and a one year high of $12.50.
In other Infinera news, CEO Thomas J. Fallon acquired 100,000 shares of Infinera stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average cost of $6.33 per share, for a total transaction of $633,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 2.90% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in INFN. Virtu Financial LLC purchased a new position in Infinera in the 4th quarter valued at approximately $155,000. Prudential Financial Inc. grew its stake in Infinera by 4.9% in the 2nd quarter. Prudential Financial Inc. now owns 15,110 shares of the communications equipment provider’s stock valued at $161,000 after buying an additional 710 shares in the last quarter. Aperio Group LLC grew its stake in Infinera by 87.6% in the 3rd quarter. Aperio Group LLC now owns 18,948 shares of the communications equipment provider’s stock valued at $168,000 after buying an additional 8,847 shares in the last quarter. Amalgamated Bank grew its stake in Infinera by 5.7% in the 2nd quarter. Amalgamated Bank now owns 18,344 shares of the communications equipment provider’s stock valued at $196,000 after buying an additional 992 shares in the last quarter. Finally, Gainplan LLC purchased a new position in Infinera in the 3rd quarter valued at approximately $302,000. Institutional investors and hedge funds own 88.38% of the company’s stock.
Infinera 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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