The CEO of Infinera (INFN) is Buying Shares

Today, the CEO of Infinera (INFN), Thomas Fallon, bought shares of INFN for $231.5K.

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.

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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.

Thomas Fallon’s trades have generated a 24.5% 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.