Morgan Stanley analyst Meta Marshall maintained a Buy rating on Infinera (NASDAQ: INFN) today and set a price target of $9.50. The company’s shares closed yesterday at $6.99, close to its 52-week low of $6.10.
According to TipRanks.com, Marshall is a 3-star analyst with an average return of 4.4% and a 69.6% success rate. Marshall covers the Consumer Goods sector, focusing on stocks such as Finisar Corp, Ciena Corp, and II-VI Inc.
Currently, the analyst consensus on Infinera is a Hold with an average price target of $10.18.
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Based on Infinera’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $21.94 million. In comparison, last year the company had a GAAP net loss of $42.84 million.
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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.
