Stifel reported on Infinera (NASDAQ:INFN), upping its target price to $9.00 today
- Updated: September 29, 2016
Infinera (NASDAQ:INFN) had its price target upped to $9.00 by Stifel in a report released Friday September 30, 2016. The updated stock price target indicates a possible upside of 0.01% from the company's most recent stock price close.
On 9/06/2016, MKM Partners released a statement for Infinera (NASDAQ:INFN) bumped down the target price from $9.00 to $8.00 that suggested a downside of -0.10%.
Displaying a price of $8.87, Infinera (NASDAQ:INFN) traded -2.53% lower on the day. The last stock close price is down -24.86% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. INFN has recorded a 50-day moving average of $8.80 and a 200-day moving average of $11.80. Trading volume was down over the average, with 1,716,676 shares of INFN changing hands under the typical 2,931,160
With a total market value of $0, Infinera has P/E ratio of 29.37 with a 52 week low of $8.20 and a 52 week high of $22.85 .
A total of 12 brokerages have released a report on Infinera. 2 brokers rating the company a strong buy, six firms rating the stock a buy, five analysts rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 firms rating the stock a sell with a average stock price target of $18.33.
General Information About Infinera (NASDAQ:INFN)
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.