Today, a Director at Infinera (INFN), Marcel Gani, bought shares of INFN for $314K.
This recent transaction increases Marcel Gani’s holding in the company by 81.78% to a total of $702.4K.
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Based on Infinera’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $293 million and GAAP net loss of $122 million. In comparison, last year the company earned revenue of $203 million and had a GAAP net loss of $26.28 million. Currently, Infinera has an average volume of 4.64M.
Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $6.04, reflecting a 93.0% upside. Three different firms, including Deutsche Bank and MKM Partners, currently also have a Buy rating on the stock.
Marcel Gani’s trades have generated a 29.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
