Price Target Update on Infinera Corporation (NASDAQ:INFN)

Infinera Corporation (NASDAQ:INFN) : The consensus price target for Infinera Corporation (NASDAQ:INFN) is $19.75 for the short term with a standard deviation of $4.17. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $26, however, the pessimist price target for the company is $13.

Other Equity analysts have also commented on the company shares. Nomura initiates coverage on Infinera Corporation (NASDAQ:INFN) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $17 per share. The rating by the firm was issued on June 3, 2016.

Infinera Corporation (NASDAQ:INFN): stock turned positive on Thursday. Though the stock opened at $11.71, the bulls momentum made the stock top out at $12.13 level for the day. The stock recorded a low of $11.67 and closed the trading day at $12.13, in the green by 5.02%. The total traded volume for the day was 3,328,641. The stock had closed at $11.55 in the previous days trading.

The company shares have dropped -46.75% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $25.24 and the one year low was seen on Jun 21, 2016. The 50-Day Moving Average price is $12.49 and the 200 Day Moving Average price is recorded at $14.97. On the companys insider trading activities, Feller Brad, CFO of Infinera Corp, executed a transaction worth $294,000 on May 3, 2016. A total of 25,000 shares were purchased at an average price of $11.76. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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 Companys 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.

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