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Infinera (NASDAQ:INFN) Share Price May Be About to Change Direction; Jefferies Upgrades The Company.

Infinera Corporation (NASDAQ:INFN) Logo

Investors sentiment decreased to 1.08 in Q2 2018. Its down 0.03, from 1.11 in 2018Q1. It fall, as 23 investors sold Infinera Corporation shares while 37 reduced holdings. 20 funds opened positions while 45 raised stakes. 122.04 million shares or 0.06% more from 121.97 million shares in 2018Q1 were reported.

Piedmont Advsrs Limited Co owns 2,590 shares. 2.45 million are owned by Victory Cap Mgmt. Comml Bank Of America De holds 682,184 shares or 0% of its portfolio. Ameritas Investment Prns reported 0.01% in Infinera Corporation (NASDAQ:INFN). Washington Trust reported 73 shares. Motley Fool Asset Management Limited Co, Virginia-based fund reported 661,100 shares. Barclays Public Limited Liability Company accumulated 0% or 48,720 shares. Suntrust Banks invested in 33,273 shares. Pillar Pacific Mngmt Ltd Liability Co invested 0.01% in Infinera Corporation (NASDAQ:INFN). Group One Trading Limited Partnership stated it has 53,590 shares. Platinum Inv Management Limited accumulated 58,400 shares. Dubuque Bankshares Tru holds 1,100 shares or 0% of its portfolio. Envestnet Asset Mngmt owns 19,429 shares. Moreover, Adirondack Research & Management has 1.4% invested in Infinera Corporation (NASDAQ:INFN) for 367,790 shares. Renaissance Techs Lc has invested 0.01% in Infinera Corporation (NASDAQ:INFN).

Infinera (NASDAQ:INFN) Stock Upgrade

In a note sent to clients and investors on 9 November, investment analysts at the Jefferies equities division raised shares of Infinera (NASDAQ:INFN) stock from a Underperform to a respectable Hold rating.

Infinera Corporation (NASDAQ:INFN) Ratings Coverage

Among 9 analysts covering Infinera (NASDAQ:INFN), 3 have Buy rating, 3 Sell and 3 Hold. Therefore 33% are positive. Infinera has $1000 highest and $5.5 lowest target. $7.50’s average target is 59.57% above currents $4.7 stock price. Infinera had 12 analyst reports since May 10, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, August 2 by FBR Capital. On Wednesday, May 30 the stock rating was maintained by William Blair with “Buy”. Northland Capital upgraded the shares of INFN in report on Tuesday, July 24 to “Outperform” rating. The firm has “Neutral” rating by FBR Capital given on Monday, November 5. Goldman Sachs downgraded Infinera Corporation (NASDAQ:INFN) on Wednesday, June 20 to “Hold” rating. The company was downgraded on Monday, October 1 by M Partners. The rating was maintained by William Blair on Thursday, May 10 with “Buy”. The firm earned “Neutral” rating on Wednesday, November 7 by Nomura. The company was maintained on Wednesday, August 8 by FBR Capital. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, September 25.

The stock increased 5.86% or $0.26 during the last trading session, reaching $4.7. About 8.39M shares traded or 175.00% up from the average. Infinera Corporation (NASDAQ:INFN) has declined 14.67% since November 10, 2017 and is downtrending. It has underperformed by 30.29% the S&P500.

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company has market cap of $817.64 million. The companyÂ’s product portfolio consists of Infinera DTN-X Family of terabit-class transport network platforms, including the XTC Series, XTS Series, and XT Series; and Infinera DTN platform that supports various Ethernet and optical transport network client interfaces for long-haul, subsea, and regional mesh networks. It currently has negative earnings. It also provides Infinera XTM Series carrier-grade packet-optical transport platform that enables high-performance metro networks with service-aware, application-specific capabilities; Infinera XTG Series that is a family of passive optical wavelength-division multiplexing products for metro access applications; and Infinera Cloud Xpress Family multiple platforms that are designed to meet the varying needs of cloud service providers, Internet content providers, Internet exchange service providers, enterprises, and other large-scale data center operators.

More notable recent Infinera Corporation (NASDAQ:INFN) news were published by: Seekingalpha.com which released: “Infinera (INFN) Q3 2018 Results – Earnings Call Transcript” on November 07, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For November 9, 2018” published on November 09, 2018, Nasdaq.com published: “Mid-Morning Market Update: Markets Open Higher; Humana Earnings Beat Expectations” on November 07, 2018. More interesting news about Infinera Corporation (NASDAQ:INFN) were released by: Streetinsider.com and their article: “Pre-Open Movers 11/07: (TWLO) (ARRS) (GNC) Higher; (MDXG) (INFN) (INGN) Lower (more…)” published on November 07, 2018 as well as Seekingalpha.com‘s news article titled: “Infinera -28% as analysts react to Coriant stumbles” with publication date: November 07, 2018.

Infinera Corporation (NASDAQ:INFN) Institutional Positions Chart

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