Out of 11 analysts covering Infinera (NASDAQ:INFN), 6 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 55% are positive. Infinera has been the topic of 18 analyst reports since October 8, 2015 according to StockzIntelligence Inc. M Partners maintained the stock on September 6 with “Neutral” rating. Below is a list of Infinera Corp. (NASDAQ:INFN) latest ratings and price target changes.
06/09/2016 Broker: M Partners Rating: Neutral Old Target: $9 New Target: $8 Maintain
25/08/2016 Broker: Citigroup Old Rating: Neutral New Rating: Sell Old Target: $10.00 New Target: $8.00 Downgrade
15/07/2016 Broker: B. Riley & Co Rating: Buy Initiate
28/04/2016 Broker: Stifel Nicolaus Rating: Buy Old Target: $23.00 New Target: $19.00 Maintain
03/06/2016 Broker: Nomura Rating: Buy New Target: $17.00 Initiate
28/04/2016 Broker: M Partners Old Rating: Buy New Rating: Neutral Downgrade
28/04/2016 Broker: Citigroup Old Rating: Buy New Rating: Neutral Old Target: $20.00 New Target: $17.00 Downgrade
15/04/2016 Broker: Goldman Sachs Old Rating: Sell New Rating: Neutral New Target: $16.00 Upgrade
08/04/2016 Broker: Drexel Hamilton Rating: Buy New Target: $22.00 Initiate
The stock decreased 1.28% or $0.11 during the last trading session, hitting $8.49. About 2.83M shares traded hands. Infinera Corp. (NASDAQ:INFN) has declined 35.24% since February 8, 2016 and is downtrending. It has underperformed by 51.73% the S&P500.
Infinera Corporation is a provider of optical transport networking systems to service providers. The company has a market cap of $1.22 billion. The Firm operates through optical transport networking systems segment. It has a 27.96 P/E ratio. The Firm serves Tier 1 and Tier 2 telecommunications service providers, Internet content providers, cable operators, wholesale and enterprise carriers, research and education institutions and government entities around the world.
The institutional sentiment increased to 1.12 in 2016 Q2. Its up 0.11, from 1.01 in 2016Q1. The ratio improved, as 48 funds sold all Infinera Corp. shares owned while 49 reduced positions. 35 funds bought stakes while 74 increased positions. They now own 99.05 million shares or 5.16% less from 104.44 million shares in 2016Q1.
Motley Fool Asset Management Llc holds 3.84% of its portfolio in Infinera Corp. for 1.56 million shares. Clearline Capital Lp owns 754,876 shares or 1.69% of their US portfolio. Moreover, Greenbrier Partners Capital Management Llc has 1.55% invested in the company for 500,000 shares. The Missouri-based Buckingham Asset Management Llc has invested 1.23% in the stock. Elk Creek Partners Llc, a Colorado-based fund reported 1.33 million shares.
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