Infinera (NASDAQ:INFN) Receives Another Recommendation From Wall Street

Share

How Raymond James Currently Rates Infinera (NASDAQ:INFN)

Investment analysts at Raymond James started coverage on Infinera (NASDAQ:INFN) with Outperform rating. This was issued to investors and clients in recent note on Friday morning.

From a total of 10 analysts covering Infinera Corp. (NASDAQ:INFN) stock, 10 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 83% of the ratings are positive. The highest target price is $30 while the lowest target price is $20. The mean of all analyst targets is $26.4 with a 19.76% above today’s ($22.27) stock price. Infinera Corp. was the topic of 9 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Needham maintained shares on November 23 with “Buy” rating. Stifel Nicolaus maintained shares with “Buy” rating and $27 target share price in a report from a July 23. Goldman Sachs downgraded INFN stock in a recent report from September 8 to “Sell” rating. Finally, Northland Capital initiated the stock with “Outperform” rating in a report issued on an August 18.

Approximately 475,669 shares of stock traded hands. Infinera Corp. (NASDAQ:INFN) has risen 16.54% since May 1, 2015 and is uptrending. It has outperformed by 19.32% the S&P500.

Infinera Corporation is engaged in optical transport networking systems. The company has a market cap of $3.05 billion. The Firm provides optical transport networking equipment, software and services to 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. It has 65.68 P/E ratio. The Company’s technologies and platforms enable Service Providers to deliver bandwidth.

According to Zacks Investment Research, “Infinera provides Digital Optical Networking systems to telecommunications carriers, cable operators and other service providers worldwide. Infinera’s large-scale photonic integrated circuit incorporates hundred Gigabits per second of transmit and receive capacity and the functionality of more than sixty discrete optical components into a pair of indium phosphide chips. Infinera’s DTN system and PIC technology are designed to provide optical networks that provide operating simplicity, enhanced revenue generation, faster time-to-service and capital cost savings.” Get a free copy of the Zacks research report on Infinera Corp. (INFN).

COMMENTS: