StockNews.com upgraded shares of Infinera (NASDAQ:INFN – Free Report) from a sell rating to a hold rating in a research note issued to investors on Thursday.
INFN has been the topic of several other reports. B. Riley dropped their target price on Infinera from $9.00 to $6.65 and set a “buy” rating on the stock in a report on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on Infinera from $5.00 to $6.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. Rosenblatt Securities restated a “neutral” rating and set a $6.65 price objective on shares of Infinera in a research note on Wednesday. Finally, Berenberg Bank upgraded Infinera to a “hold” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Infinera presently has an average rating of “Hold” and an average price target of $7.09.
Get Our Latest Stock Analysis on INFN
Infinera Price Performance
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Infinera by 9.3% during the 1st quarter. Vanguard Group Inc. now owns 27,049,371 shares of the communications equipment provider’s stock valued at $163,108,000 after acquiring an additional 2,299,025 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Infinera during the 1st quarter valued at $627,000. Susquehanna Fundamental Investments LLC bought a new stake in Infinera during the 1st quarter valued at $759,000. AMH Equity Ltd bought a new stake in Infinera during the 1st quarter valued at $1,990,000. Finally, First Hawaiian Bank bought a new stake in Infinera during the 2nd quarter valued at $666,000. Institutional investors and hedge funds 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.
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