Stifel Nicolaus analyst Ruben Roy maintained a Buy rating on Infinera (INFN – Research Report) today and set a price target of $7.00. The company’s shares closed yesterday at $5.80.
Roy covers the Technology sector, focusing on stocks such as Intel, Coherent Corp, and Viavi Solutions. According to TipRanks, Roy has an average return of 16.8% and a 64.75% success rate on recommended stocks.
Currently, the analyst consensus on Infinera is a Strong Buy with an average price target of $7.17.
INFN market cap is currently $1.34B and has a P/E ratio of -17.01.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 to Announce Preliminary Fiscal First Quarter 2024 Financial Results on May 14, 2024
- Infinera reports Q4 EPS 12c, consensus 10c
- Infinera options imply 14.8% move in share price post-earnings
- Infinera expects to file Annual Report on Form 10-K on or before May 13
- Infinera Provides Update on the Expected Filing of its Fiscal 2023 Form 10-K
