Following this transaction Thomas Fallon’s holding in the company was increased by 3.77% to a total of $6.11 million. In addition to Thomas Fallon, one other INFN executive reported Buy trades in the last month.
Based on Infinera’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $200 million and GAAP net loss of $32.61 million. In comparison, last year the company earned revenue of $193 million and had a GAAP net loss of $37.23 million. Currently, Infinera has an average volume of 5.88M.
Based on 10 analyst ratings, the analyst consensus is Hold with an average price target of $6.72, reflecting a 45.1% upside.
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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.