Rosenblatt Securities restated their neutral rating on shares of Infinera (NASDAQ:INFN – Free Report) in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a $6.65 target price on the communications equipment provider’s stock.
A number of other research firms have also commented on INFN. Berenberg Bank raised Infinera to a “hold” rating in a report on Monday, August 5th. StockNews.com downgraded Infinera from a “hold” rating to a “sell” rating in a report on Monday, October 21st. JPMorgan Chase & Co. upped 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. Finally, B. Riley reduced their price target on shares of Infinera from $9.00 to $6.65 and set a “buy” rating for the company in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Infinera currently has an average rating of “Hold” and a consensus target price of $7.09.
Check Out Our Latest Report on INFN
Infinera Price Performance
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. SageView Advisory Group LLC bought a new stake in shares of Infinera during the 1st quarter valued at $39,000. EverSource Wealth Advisors LLC bought a new position in Infinera in the 2nd quarter worth $104,000. Headlands Technologies LLC purchased a new position in Infinera during the second quarter valued at $112,000. Algert Global LLC bought a new stake in Infinera during the second quarter valued at about $128,000. Finally, Palumbo Wealth Management LLC grew its holdings 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 purchasing an additional 1,850 shares during the period. 97.54% of the stock is currently owned by institutional investors.
About Infinera
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.
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