Infinera Corp (INFN): Brad Feller , CFO of Infinera Corp purchased 25,000 shares on May 3, 2016. The Insider buying transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were purchased at $11.76 per share for a total value of $293,867.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 8, 2015, James Laufman (Senior VP and General Counsel) sold 5,000 shares at $22.30 per share price.On Nov 4, 2015, Thomas J Fallon (Chief Executive Officer) sold 200,000 shares at $19.85 per share price.Also, On Aug 19, 2015, Brad Feller (Chief Financial Officer) sold 25,000 shares at $24.09 per share price.On Jul 30, 2015, Paul J Milbury (director) sold 15,000 shares at $22.77 per share price.
Shares of Infinera Corp. (INFN) ended Monday, May 2, 2016 session in red amid volatile trading. The shares closed down -0.03 points or -0.25% at $11.86 with 31,75,606 shares getting traded. Post opening the session at $11.88, the shares hit an intraday low of $11.79 and an intraday high of $12.1 and the price vacillated in this range throughout the day. The company has a market cap of $1,677 M and the number of outstanding shares has been calculated to be 14,13,89,270 shares. The 52-week high of Infinera Corp. is $25.24 and the 52-week low is $11.76.
Company has been under the radar of several Street Analysts.Infinera Corp. is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 28, 2016.Infinera Corp. is Downgraded by MKM Partners to Neutral while Lowering the Price Target of the company shares to $ 15 from a previous price target of $21 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 28, 2016.Infinera Corp. is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 19 from a previous price target of $23 . The Rating was issued on Apr 28, 2016.Infinera Corp. is Upgraded by Goldman to Neutral. Earlier the firm had a rating of Sell on the company shares. The Rating was issued on Apr 15, 2016.Infinera Corp. is Initiated by Drexel Hamilton to Buy. The Rating was issued on Apr 8, 2016.
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. The Company’s technologies and platforms enable Service Providers to deliver bandwidth. The Company uses its large scale photonic integrated circuits (PICs) to deliver optical networking solutions for the network environments. Its product portfolio consists of the Infinera DTN-X and the Infinera DTN platforms targeted for long-haul and subsea networks and the Cloud Xpress and ATN platforms targeted for metro networks. It also provides software solutions to increase the efficiency and optimization of the network.