Short Term Price Target on Infinera Corporation (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.

Infinera Corporation has lost 7.01% in the last five trading days and dropped 14.61% in the last 4 weeks. Infinera Corporation has dropped 28.7% during the last 3-month period . Year-to-Date the stock performance stands at -37.75%. Also, Nomura initiates coverage on Infinera Corporation (NASDAQ:INFN) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $17 per share. The rating by the firm was issued on June 3, 2016.

Infinera Corporation (NASDAQ:INFN) : Zacks Investment Research ranks Infinera Corporation (NASDAQ:INFN) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 1.73, which indicates as a Buy.

Infinera Corporation (NASDAQ:INFN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.89 and $10.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.28, notching a gain of 3.39% for the day. The total traded volume was 2,657,238 . The stock had closed at $10.91 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Infinera Corp, Feller Brad, had purchased 25,000 shares in a transaction dated on May 3, 2016. The transaction was executed at $11.76 per share with total amount equaling $294,000.

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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