Published On: Wed, Oct 19th, 2016

Recently Changed Price Targets On Infinera Corporation (NASDAQ:INFN)


A number of investment brokers have recently updated their price targets on shares of Infinera Corporation (NASDAQ:INFN).

Most recent broker ratings

09/29/2016 – Stifel Nicolaus began new coverage on Infinera Corporation giving the company a “hold” rating. They now have a USD 9 price target on the stock.

09/06/2016 – Infinera Corporation had its “neutral” rating reiterated by analysts at MKM Partners. They now have a USD 8 price target on the stock.

08/25/2016 – Infinera Corporation was downgraded to “sell” by analysts at Citigroup. They now have a USD 8 price target on the stock.

08/22/2016 – Infinera Corporation had its “strong buy” rating reiterated by analysts at Needham & Company. They now have a USD 15 price target on the stock.

07/28/2016 – Infinera Corporation had its “neutral” rating reiterated by analysts at Nomura.

07/28/2016 – Infinera Corporation had its “hold” rating reiterated by analysts at Jefferies.

07/28/2016 – Infinera Corporation had its “market perform” rating reiterated by analysts at Northland Securities.

07/28/2016 – Infinera Corporation was downgraded to “neutral” by analysts at JP Morgan. They now have a USD 8.5 price target on the stock.

07/28/2016 – Infinera Corporation was downgraded to “market perform” by analysts at Raymond James.

07/28/2016 – Infinera Corporation was downgraded to “neutral” by analysts at B. Riley. They now have a USD 10.5 price target on the stock.

04/15/2016 – Infinera Corporation was upgraded to “neutral” by analysts at Goldman Sachs. They now have a USD 16 price target on the stock.

04/08/2016 – Drexel Hamilton began new coverage on Infinera Corporation giving the company a “buy” rating. They now have a USD 22 price target on the stock.

01/12/2016 – Infinera Corporation had its “buy” rating reiterated by analysts at Deutsche Bank.

11/11/2015 – Infinera Corporation had its “buy” rating reiterated by analysts at William Blair.

10/09/2015 – Morgan Stanley began new coverage on Infinera Corporation giving the company a “equal-weight” rating. They now have a USD 21 price target on the stock.

The share price of Infinera Corporation (NASDAQ:INFN) was up +1.86% during the last trading session, with a day high of 8.86. 1404450 shares were traded on Infinera Corporation’s last session.

The stock’s 50 day moving average is 8.84 and its 200 day moving average is 11.14. The stock’s market capitalization is 1.26B. Infinera Corporation has a 52-week low of 8.20 and a 52-week high of 22.85.

Infinera Corporation is a provider of optical transport networking systems to service providers. The Company operates through optical transport networking systems segment. The Company 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. Its product portfolio consists of DTN-X family of platforms, the Infinera DTN platform, the Infinera Cloud Xpress platform, the Infinera TM-Series, the Infinera TG-Series and the Infinera ATN platform addressing subsea, long-haul and metro networks. The Company manufactures indium phosphide photonic integrated circuits, which are used as a differentiating component inside its intelligent transport network platforms. The Company’s software and services include Infinera Open Transport Switch, Infinera Management Suite and Customer Support Services.