Infinera (NASDAQ:INFN) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Infinera Co. (NASDAQ:INFN)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.50 and traded as high as $6.64. Infinera shares last traded at $6.64, with a volume of 1,008,711 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently commented on INFN shares. B. Riley cut shares of Infinera from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. StockNews.com upgraded Infinera from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $6.65 price objective on shares of Infinera in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.09.

Infinera Stock Up 0.5 %

The firm’s 50-day moving average price is $6.60 and its 200 day moving average price is $6.50. The firm has a market cap of $1.57 billion, a P/E ratio of -13.83 and a beta of 1.63. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 4.98.

Hedge Funds Weigh In On Infinera

Several large investors have recently made changes to their positions in INFN. Vestcor Inc purchased a new position in Infinera during the 4th quarter valued at about $34,000. Quantbot Technologies LP bought a new stake in shares of Infinera during the third quarter valued at approximately $40,000. LPL Financial LLC bought a new stake in Infinera in the fourth quarter valued at about $70,000. Wealthfront Advisers LLC acquired a new position in Infinera in the fourth quarter worth about $76,000. Finally, Cibc World Markets Corp bought a new position in Infinera during the fourth quarter worth about $124,000. Institutional investors own 97.54% of the company’s stock.

Infinera Company Profile

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.