Craig-Hallum analyst Christian Schwab maintained a Buy rating on Infinera (INFN – Research Report) today. The company’s shares closed last Thursday at $6.03.
Schwab covers the Technology sector, focusing on stocks such as Infinera, ACM Research, and Advanced Micro Devices. According to TipRanks, Schwab has an average return of 18.5% and a 62.16% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Infinera with a $7.17 average price target, a 18.91% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $7.00 price target.
INFN market cap is currently $1.4B and has a P/E ratio of -154.22.
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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:
- Fabrinet upgraded to Outperform from Market Perform at Northland
- DZS, Infinera to demo ICE-X coherent pluggable solutions
- Infinera to showcase advances in optical networking solutions at OFC 2024
- Infinera, Orange International Network establish long-term partnership
- Infinera Addresses Delay in Annual Report and Nasdaq Compliance
