Latest Stocks: Infinera Corp. (INFN) Downgraded by TheStreet to “D+”

Latest Stocks: Infinera Corp. (INFN) Downgraded by TheStreet to “D+”

Infinera Corp. (NASDAQ:INFN) was downgraded by research analysts at TheStreet from a “c-” rating to a “d+” rating in a report released on Monday, May 15th.

A number of other research firms have also recently issued reports on INFN. William Blair reiterated a “buy” rating on shares of Infinera Corp. in a research note on Sunday, February 12th. B. Riley restated a “neutral” rating and issued a $9.50 price objective on shares of Infinera Corp. in a research report on Sunday, February 12th. Deutsche Bank AG boosted their price objective on shares of Infinera Corp. from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, March 20th. Zacks Investment Research raised shares of Infinera Corp. from a “sell” rating to a “hold” rating in a report on Friday, February 24th. Finally, MKM Partners reaffirmed a “neutral” rating and issued a $9.00 target price on shares of Infinera Corp. in a research note on Friday, March 31st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $10.50.

Infinera Corp. (INFN) opened at 10.48 on Monday. Infinera Corp. has a 52 week low of $7.23 and a 52 week high of $13.34. The firm’s market capitalization is $1.54 billion. The stock’s 50 day moving average price is $9.78 and its 200 day moving average price is $9.63.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Infinera Corp. during the third quarter valued at about $101,000. Bbva Compass Bancshares Inc. bought a new position in shares of Infinera Corp. during the first quarter valued at approximately $103,000. First National Bank of Omaha bought a new position in shares of Infinera Corp. during the first quarter valued at approximately $104,000. Karp Capital Management Corp bought a new position in shares of Infinera Corp. during the first quarter valued at approximately $106,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Infinera Corp. by 55.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,571 shares of the communications equipment provider’s stock valued at $132,000 after buying an additional 5,538 shares during the last quarter. Hedge funds and other institutional investors own 70.16% of the company’s stock. Infinera Corp. Company Profile

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