In a report released today, Meta Marshall from Morgan Stanley downgraded Infinera (INFN) to Hold, with a price target of $6. The company’s shares closed yesterday at $4.55, close to its 52-week low of $4.11.
According to TipRanks.com, Marshall is a 2-star analyst with an average return of 0.8% and a 62.5% success rate. Marshall covers the Consumer Goods sector, focusing on stocks such as CommScope Holding, Finisar Corp, and Ciena Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Infinera with a $6.69 average price target, which is a 47.0% upside from current levels. In a report issued on November 9, Jefferies also upgraded the stock to Hold with a $5 price target.
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The company has a one-year high of $12.39 and a one-year low of $4.11. Currently, Infinera has an average volume of 3.17M.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of INFN in relation to earlier this year.
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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.
