Today, the SVP, Worldwide Sales of Infinera (INFN), Robert Jandro, bought shares of INFN for $169.2K.
Following this transaction Robert Jandro’s holding in the company was increased by 28.76% to a total of $771.8K. In addition to Robert Jandro, 2 other INFN executives 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 2.05M.
Based on 12 analyst ratings, the analyst consensus is Hold with an average price target of $6.78, reflecting a 54.8% upside. Four different firms, including Morgan Stanley and Needham, currently also have a Buy rating on the stock.
The insider sentiment on Infinera has been positive according to 23 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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.
