In a report released today, Tim Savageaux from Northland Securities maintained a Hold rating on Infinera (INFN – Research Report), with a price target of $4.50. The company’s shares closed yesterday at $5.80.
According to TipRanks, Savageaux is a 5-star analyst with an average return of 15.6% and a 56.55% success rate. Savageaux covers the Technology sector, focusing on stocks such as Adtran, Applied Optoelectronics, and CommScope Holding.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Infinera with a $8.38 average price target.
The company has a one-year high of $6.62 and a one-year low of $2.82. Currently, Infinera has an average volume of 3.52M.
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Infinera (INFN) Company Description:
Infinera Corp. engages in the provision of optical transport networking equipment, software, and services to telecommunications carriers. Its products include long-haul and subsea, metro networks, data center interconnect, and software. The company was founded by David F. Welch, Drew Daniel Perkins, and Jagdeep Singh in December 2000, and is headquartered in Sunnyvale, CA.
Read More on INFN:
- Super Sistem Selects Infinera’s GX Series for SSBS Cable System to Expand Connectivity to Indonesia
- Infinera to Announce Preliminary Fiscal First Quarter 2024 Financial Results on May 14, 2024
- Infinera reports Q4 EPS 12c, consensus 10c
- Infinera options imply 14.8% move in share price post-earnings
- Infinera expects to file Annual Report on Form 10-K on or before May 13
