Infinera Corp. (NASDAQ:INFN) gets upgraded to Outperform by Northland Securities

ME Staff
-
0

Analyst Ratings For Infinera Corp. (NASDAQ:INFN)

Today, Infinera Corp. (NASDAQ:INFN) stock received an upgrade by Northland Securities from Market Perform to Outperform.

There are 8 Hold Ratings, 7 Buy Ratings, 2 Sell Ratings, 1 Strong Buy Ratings on the stock.

The current consensus rating on Infinera Corp. (NASDAQ:INFN) is Hold with a consensus target price of $11.35 per share, a potential 28.39% upside.

Some recent analyst ratings include

  • 7/24/2018-Northland Securities Upgrade from a “Market Perform ” rating to a ” Outperform” rating.
  • 7/24/2018-Raymond James was Downgraded by analysts at Raymond James from a “Market Perform ” rating to a ” Underperform” rating. They now have a N/A price target on the stock.
  • 6/20/2018-Goldman Sachs Group was Downgraded by analysts at Goldman Sachs Group from a “Buy ” rating to a ” Neutral” rating. They now have a $10.00 price target on the stock.
  • 5/30/2018-William Blair was Downgraded by analysts at William Blair from a “Outperform” rating to a “” rating. They now have a N/A price target on the stock.
  • 5/29/2018-Jefferies Financial Group was Downgraded by analysts at Jefferies Financial Group from a “Hold ” rating to a ” Underperform” rating. They now have a $6.10 price target on the stock, up previously from $12.39 .

Recent Insider Trading Activity For Infinera Corp. (NASDAQ:INFN)
Infinera Corp. (NASDAQ:INFN) has insider ownership of 3.00% and institutional ownership of 83.66%.

  • On 2/20/2018 David F Welch, Insider, sold 149,093 with an average share price of $10.03 per share and the total transaction amounting to $1,495,402.79.
  • On 2/14/2018 David F Welch, Insider, sold 80,000 with an average share price of $9.14 per share and the total transaction amounting to $731,200.00.
  • On 2/12/2018 David F Welch, Insider, sold 60,000 with an average share price of $9.07 per share and the total transaction amounting to $544,200.00.
  • On 11/13/2017 Thomas J Fallon, CEO, bought 100,000 with an average share price of $6.33 per share and the total transaction amounting to $633,000.00.
  • On 10/2/2017 David F Welch, President, sold 20,000 with an average share price of $9.02 per share and the total transaction amounting to $180,400.00.
  • On 8/8/2017 David F Welch, President, sold 20,000 with an average share price of $9.29 per share and the total transaction amounting to $185,800.00.
  • On 7/19/2017 David F Welch, President, sold 5,000 with an average share price of $12.00 per share and the total transaction amounting to $60,000.00.

About Infinera Corp. (NASDAQ:INFN)
Infinera Corporation provides optical transport networking solutions, equipment, and software and services worldwide. The company's product portfolio consists of Infinera DTN-X Family of terabit-class transport network platforms, including the XTC Series, XTS Series, and XT Series; Infinera DTN-X XTC series multi-terabit packet optical transport platforms that integrate digital OTN switching and optical WDM transmission; and Infinera DTN-X XT series for terrestrial applications and XTS series for subsea applications. It also provides Infinera XTM Series packet-optical transport platform that enables high-performance metro networks with service-aware, application-specific capabilities; and Infinera Cloud Xpress Family designed to meet the varying needs of ICPs, communication service providers, Internet exchange service providers, enterprises, and other large-scale data center operators. In addition, the company offers Infinera FlexILS open line system platform that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels. Further, it provides software solutions, including Xceed Software Suite that address long-haul, subsea, and metro networks, as well as a range of support services for all hardware and software products. The company also serves telecommunications service providers, Internet content providers, cable providers, wholesale and enterprise carriers, research and education institutions, enterprise customers, and government entities. It markets and sells its products and related support services primarily through its direct sales force. The company was formerly known as Zepton Networks. Infinera Corporation was founded in 2000 and is headquartered in Sunnyvale, California.

Recent Trading Activity for Infinera Corp. (NASDAQ:INFN)
Shares of Infinera Corp. closed the previous trading session at 8,84 −0,13 1,45 % with 8.73 shares trading hands.