Craig-Hallum analyst Christian Schwab maintained a Buy rating on Infinera (INFN – Research Report) today. The company’s shares closed last Friday at $5.11.
According to TipRanks, Schwab is a 5-star analyst with an average return of 16.5% and a 61.95% success rate. Schwab covers the Technology sector, focusing on stocks such as Flex, Infinera, and Nokia.
Currently, the analyst consensus on Infinera is a Strong Buy with an average price target of $7.47.
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The company has a one-year high of $7.80 and a one-year low of $2.82. Currently, Infinera has an average volume of 2.53M.
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Infinera (INFN) Company Description:
Infinera Corp. engages in the provision of optical transport networking equipment, software, and services to telecommunications carriers. Its products include long-haul and subsea, metro networks, data center interconnect, and software. The company was founded by David F. Welch, Drew Daniel Perkins, and Jagdeep Singh in December 2000, and is headquartered in Sunnyvale, CA.
Read More on INFN:
- Infinera Announces Upcoming Financial Reports and Projections
- Infinera Corporation to Announce Preliminary Unaudited Fourth Quarter Fiscal 2023 Financial Results and Outlook for the First Quarter of Fiscal 2024 on March 6, 2024
- Orange Deploys Infinera’s GX Series to Power AMITIE Subsea Cable, Delivering Global Connectivity on the World’s Busiest Route
- Infinera Expects Preliminary Fourth Quarter 2023 Revenue and Net Income per Diluted Share to be Within or Exceed the Outlook Ranges Provided on November 8, 2023 and Submits Plan of Listing Compliance to Nasdaq
- Infinera sees preliminary Q3 EPS, revenue within or exceeding guidance
