In a report released today, Troy Jensen from Piper Jaffray reiterated a Hold rating on Infinera (NASDAQ: INFN), with a price target of $9.50. The company’s shares closed yesterday at $8.69.
According to TipRanks.com, Jensen is a 5-star analyst with an average return of 12.1% and a 52.3% success rate. Jensen covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Acacia Communications, and Lumentum Holdings.
Infinera has an analyst consensus of Hold, with a price target consensus of $10.36, a 19.2% upside from current levels. In a report issued on July 24, MKM Partners also maintained a Hold rating on the stock with a $10 price target.
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The company has a one-year high of $12.39 and a one-year low of $6.10. Currently, Infinera has an average volume of 1.78M.
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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.
