Infinera Corporation (INFN) : The highest short term price target forecast on Infinera Corporation (INFN) is $18 and the lowest target price is $9. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $11.63 with a standard deviation of $3.28.
Infinera Corporation (INFN) : The consensus on Infinera Corporation (INFN) based on 11 analyst recommendation on the company stock is 2.27, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Also, Equity analysts at the Brokerage firm Citigroup downgrades its rating on Infinera Corporation (NASDAQ:INFN). The rating major has initiated the coverage with sell rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Citigroup lowers the price target from $10 per share to $8 per share. The rating by the firm was issued on August 25, 2016.
Infinera Corporation (NASDAQ:INFN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.56 and $8.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.80, notching a gain of 2.56% for the day. The total traded volume was 1,835,064 . The stock had closed at $8.58 on the previous day.
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.