Today’s Stock Alert: What’s Next for Infinera Corp. After Today’s Huge Increase?

Today's Stock Alert: What's Next for Infinera Corp. After Today's Huge Increase?

The stock of Infinera Corp. (NASDAQ:INFN) is a huge mover today! About 1.28 million shares traded hands. Infinera Corp. (NASDAQ:INFN) has declined 44.00% since March 1, 2016 and is downtrending. It has underperformed by 53.24% the S&P500.
The move comes after 6 months positive chart setup for the $1.29 billion company. It was reported on Oct, 4 by Barchart.com. We have $14.67 PT which if reached, will make NASDAQ:INFN worth $786.90M more.

Analysts await Infinera Corp. (NASDAQ:INFN) to report earnings on October, 25. They expect $-0.07 EPS, down 141.18% or $0.24 from last year’s $0.17 per share. After $0.15 actual EPS reported by Infinera Corp. for the previous quarter, Wall Street now forecasts -146.67% negative EPS growth.

Infinera Corp. (NASDAQ:INFN) Ratings Coverage

Out of 13 analysts covering Infinera Corp. (NASDAQ:INFN), 7 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 54% are positive. Infinera Corp. has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was initiated by Nomura with “Buy” on Friday, June 3. Citigroup downgraded Infinera Corp. (NASDAQ:INFN) rating on Thursday, August 25. Citigroup has “Sell” rating and $8 price target. On Thursday, July 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Infinera Corp. (NASDAQ:INFN) has “Buy” rating given on Friday, February 12 by M Partners. Drexel Hamilton initiated the shares of INFN in a report on Friday, April 8 with “Buy” rating. The company was initiated on Friday, December 4 by Raymond James. The stock of Infinera Corp. (NASDAQ:INFN) has “Hold” rating given on Friday, September 30 by Stifel Nicolaus. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, April 28. The rating was maintained by M Partners on Tuesday, December 22 with “Buy”. The stock of Infinera Corp. (NASDAQ:INFN) has “Buy” rating given on Friday, July 15 by B. Riley & Co.

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.”

Insitutional Activity: The institutional sentiment increased to 1.12 in 2016 Q2. Its up 0.11, from 1.01 in 2016Q1. The ratio is positive, as 48 funds sold all Infinera Corp. shares owned while 49 reduced positions. 35 funds bought stakes while 74 increased positions. They now own 99.05 million shares or 5.16% less from 104.44 million shares in 2016Q1.
Diam Comm Limited holds 0.01% of its portfolio in Infinera Corp. (NASDAQ:INFN) for 36,787 shares. Victory Mngmt last reported 3,660 shares in the company. Peak6 Invests L P holds 144,233 shares or 0.01% of its portfolio. The California-based Palo Cap has invested 0.15% in Infinera Corp. (NASDAQ:INFN). Teton Advisors last reported 0.01% of its portfolio in the stock. Virginia Retirement Systems Et Al holds 0.02% of its portfolio in Infinera Corp. (NASDAQ:INFN) for 106,100 shares. Envestnet Asset Mgmt last reported 0% of its portfolio in the stock. Raymond James Associates holds 36,991 shares or 0% of its portfolio. Goldman Sachs Gru Incorporated last reported 496,376 shares in the company. California Pub Employees Retirement Systems holds 0.01% of its portfolio in Infinera Corp. (NASDAQ:INFN) for 318,200 shares. Moreover, Da Davidson And has 0.01% invested in Infinera Corp. (NASDAQ:INFN) for 18,650 shares. Amalgamated Fincl Bank accumulated 0.01% or 14,996 shares. The New York-based Evercore Wealth Management has invested 0% in Infinera Corp. (NASDAQ:INFN). Blair William Com Il holds 0% of its portfolio in Infinera Corp. (NASDAQ:INFN) for 13,450 shares. The Japan-based Dai Ichi Life Ins Limited has invested 0.04% in Infinera Corp. (NASDAQ:INFN).

More news for Infinera Corp. (NASDAQ:INFN) were recently published by: Fool.com, which released: “Why Infinera Corp. Fell 26% in April” on May 09, 2016. Fool.com‘s article titled: “Infinera Corp. Reports Fast Growth, but Guidance Fails to Impress” and published on April 28, 2016 is yet another important article.

INFN Company Profile

Infinera Corporation, incorporated on December 6, 2000, is a well-known provider of optical transport networking systems to service providers. The Firm operates through optical transport networking systems segment. The Firm serves Tier 1 and Tier 2 telecommunications service providers, Internet content providers (ICPs), cable operators, wholesale and enterprise carriers, research and education institutions and government entities around the world. The Company’s 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. It makes indium phosphide photonic integrated circuits (PICs), which are used as a differentiating component inside its intelligent transport network platforms. The Company’s technology includes Infinera Intelligent Transport Network Architecture, Infinera Photonic Integrated Circuits, Infinera FlexCoherent Processor, Super-Channels, Integrated Optical Network Terminal (OTN) Switching, Infinera Instant Bandwidth and Infinera Packet Optical Transport.

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