B. Riley cut shares of Infinera (NASDAQ:INFN – Free Report) from a strong-buy rating to a hold rating in a research note released on Wednesday,Zacks.com reports.
Several other research analysts have also issued reports on the company. Berenberg Bank upgraded Infinera to a “hold” rating in a research report on Monday, August 5th. Rosenblatt Securities restated a “neutral” rating and set a $6.65 price objective on shares of Infinera in a report on Wednesday. StockNews.com upgraded Infinera from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Infinera from $5.00 to $6.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.09.
Check Out Our Latest Stock Report on INFN
Infinera Stock Performance
Institutional Investors Weigh In On Infinera
Several large investors have recently modified their holdings of INFN. SageView Advisory Group LLC bought a new stake in Infinera during the first quarter valued at about $39,000. EverSource Wealth Advisors LLC bought a new stake in shares of Infinera in the 2nd quarter valued at about $104,000. Headlands Technologies LLC purchased a new position in shares of Infinera in the 2nd quarter worth approximately $112,000. Algert Global LLC bought a new position in shares of Infinera during the 2nd quarter worth approximately $128,000. Finally, Palumbo Wealth Management LLC lifted its position in Infinera by 8.4% during the third quarter. Palumbo Wealth Management LLC now owns 23,954 shares of the communications equipment provider’s stock valued at $162,000 after acquiring an additional 1,850 shares during the last quarter. Institutional investors own 97.54% of the company’s stock.
Infinera Company Profile
Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.
Featured Stories
- Five stocks we like better than Infinera
- CD Calculator: Certificate of Deposit Calculator
- Airbnb Stock Attracts Attention With Strong Cash Flow Strategy
- What is a SEC Filing?
- MarketBeat Week in Review – 11/4 – 11/8
- Roth IRA Calculator: Calculate Your Potential Returns
- Trump’s Return: Which Sectors Will Benefit Most?
Receive News & Ratings for Infinera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infinera and related companies with MarketBeat.com's FREE daily email newsletter.