Are Analysts Bullish about Infinera Corp. (NASDAQ:INFN) after last week?

October 12, 2017 - By Winifred Garcia

 Are Analysts Bullish about Infinera Corp. (NASDAQ:INFN) after last week?
Investors sentiment increased to 1.61 in 2017 Q2. Its up 0.28, from 1.33 in 2017Q1. It improved, as 19 investors sold Infinera Corp. shares while 38 reduced holdings. 30 funds opened positions while 62 raised stakes. 126.30 million shares or 7.33% more from 117.68 million shares in 2017Q1 were reported.
Trexquant Inv Lp reported 14,904 shares. Aperio Group Inc Ltd Limited Liability Company owns 10,101 shares or 0% of their US portfolio. Peconic Limited Liability stated it has 0.36% of its portfolio in Infinera Corp. (NASDAQ:INFN). Alliancebernstein Lp invested 0.05% in Infinera Corp. (NASDAQ:INFN). Lpl Finance Limited Liability Corporation holds 10,205 shares or 0% of its portfolio. Pnc Fin owns 0% invested in Infinera Corp. (NASDAQ:INFN) for 4,115 shares. 84,449 were reported by Suffolk Cap Ltd Co. Summit Securities Gp Ltd Liability Co has 10,257 shares for 0.02% of their portfolio. Paradigm Asset Mgmt Ltd Liability Corporation accumulated 18,800 shares. 96,866 are held by Metropolitan Life Ins Ny. Savings Bank Of America De invested in 0% or 616,943 shares. Parallax Volatility Advisers Limited Partnership reported 103 shares. Citigroup Incorporated holds 0% or 1,377 shares in its portfolio. Peak6 L P holds 0% in Infinera Corp. (NASDAQ:INFN) or 3,407 shares. Amalgamated Retail Bank has invested 0.01% in Infinera Corp. (NASDAQ:INFN).

Infinera Corp. (NASDAQ:INFN) Ratings Coverage

Among 19 analysts covering Infinera Corp. (NASDAQ:INFN), 11 have Buy rating, 1 Sell and 7 Hold. Therefore 58% are positive. Infinera Corp. had 51 analyst reports since July 24, 2015 according to SRatingsIntel. Stifel Nicolaus initiated it with “Hold” rating and $9 target in Friday, September 30 report. The rating was initiated by B. Riley & Co on Friday, July 15 with “Buy”. Needham maintained Infinera Corp. (NASDAQ:INFN) rating on Monday, September 18. Needham has “Buy” rating and $13.0 target. Jefferies maintained the stock with “Hold” rating in Monday, August 21 report. The firm has “Sell” rating by Citigroup given on Thursday, August 25. The firm has “Buy” rating by Craig Hallum given on Tuesday, July 18. Jefferies maintained Infinera Corp. (NASDAQ:INFN) on Tuesday, June 6 with “Hold” rating. M Partners maintained it with “Buy” rating and $27 target in Friday, August 28 report. Needham maintained it with “Strong Buy” rating and $12.50 target in Thursday, October 27 report. On Wednesday, January 27 the stock rating was initiated by Citigroup with “Buy”. Below is a list of Infinera Corp. (NASDAQ:INFN) latest ratings and price target changes.

04/10/2017 Broker: Jefferies Rating: Hold New Target: $9.0 Maintain
25/09/2017 Broker: Northland Capital Rating: Hold New Target: $8.0 Maintain
18/09/2017 Broker: Needham Rating: Buy New Target: $13.0 Maintain
15/09/2017 Broker: William Blair Rating: Buy Maintain
21/08/2017 Broker: Jefferies Rating: Hold New Target: $9.0 Maintain
18/08/2017 Broker: M Partners Rating: Buy Old Target: $14 New Target: $13 Maintain
07/08/2017 Broker: Deutsche Bank Rating: Buy Old Target: $12.5 New Target: $12 Maintain
04/08/2017 Broker: Piper Jaffray Rating: Hold New Target: $9.5000 Maintain
01/08/2017 Broker: William Blair Rating: Buy Maintain
20/07/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $10.0000 Maintain

About 183,888 shares traded. Infinera Corp. (NASDAQ:INFN) has declined 24.42% since October 12, 2016 and is downtrending. It has underperformed by 41.12% the S&P500.

Infinera Corporation provides optical transport networking equipment, software and services to telecommunications service providers, Internet content providers , cable providers, wholesale and enterprise carriers, research and education institutions, enterprise clients and government entities across the globe. The company has market cap of $1.28 billion. The Company’s portfolio consists of the Infinera DTN-X Family, the Infinera DTN platform, the Infinera Cloud Xpress Family, the Infinera XTM Series, the Infinera XTG Series and the Infinera FlexILS platform, addressing long-haul, subsea and metro networks end-to-end. It currently has negative earnings.

More notable recent Infinera Corp. (NASDAQ:INFN) news were published by: Streetinsider.com which released: “UPDATE: Wells Fargo Upgrades Infinera Corp. (INFN) to Outperform” on May 26, 2017, also Streetinsider.com with their article: “Infinera Corp. (INFN) PT Lowered to $13 at Needham & Company” published on August 07, 2017, Fool.com published: “Why Infinera Corp. Plunged More Than 50% Lower in 2016” on January 04, 2017. More interesting news about Infinera Corp. (NASDAQ:INFN) were released by: Streetinsider.com and their article: “MKM Partners Upgrades Infinera Corp. (INFN) to Buy, PT Raised to $14; ‘First 2 …” published on June 14, 2017 as well as Fool.com‘s news article titled: “How Infinera Corp. Stock Fell 28% in August” with publication date: September 08, 2017.

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