Infinera (INFN) “Buy” Rating Reiterated by Needham; The Price Objective is Set to $14.5000; Newtyn Management Upped By $21.45 Million Its Hrg Group (HRG) Position

June 19, 2017 - By Kurt Siggers

Among 16 analysts covering Infinera Corp. (NASDAQ:INFN), 11 have Buy rating, 1 Sell and 4 Hold. Therefore 69% are positive. Infinera Corp. has $30 highest and $8 lowest target. $16.50’s average target is 43.23% above currents $11.52 stock price. Infinera Corp. had 34 analyst reports since July 24, 2015 according to SRatingsIntel. As per Tuesday, August 18, the company rating was initiated by Northland Capital. The rating was upgraded by Goldman Sachs on Thursday, March 16 to “Buy”. The company was upgraded on Friday, February 10 by Instinet. On Friday, December 4 the stock rating was initiated by Raymond James with “Outperform”. The firm has “Equal-Weight” rating given on Friday, October 9 by Morgan Stanley. Needham upgraded the shares of INFN in report on Thursday, October 8 to “Buy” rating. As per Wednesday, January 27, the company rating was initiated by Citigroup. The rating was maintained by Needham on Thursday, October 27 with “Strong Buy”. The company was initiated on Monday, January 11 by Wells Fargo. The stock has “Buy” rating by Stifel Nicolaus on Thursday, July 23.

Newtyn Management Llc increased Hrg Group Inc (HRG) stake by 46.58% reported in 2016Q4 SEC filing. Newtyn Management Llc acquired 1.43M shares as Hrg Group Inc (HRG)’s stock declined 0.45%. The Newtyn Management Llc holds 4.50M shares with $70.02 million value, up from 3.07M last quarter. Hrg Group Inc now has $3.73B valuation. The stock decreased 0.90% or $0.17 on June 16, reaching $18.79. About shares traded. HRG Group Inc (NYSE:HRG) has risen 28.87% since June 19, 2016 and is uptrending. It has outperformed by 12.17% the S&P500.

Infinera Corporation provides optical transport networking equipment, software and services to telecommunications service providers, Internet content providers , cable providers, wholesale and enterprise carriers, research and education institutions, enterprise clients and government entities across the globe. The company has market cap of $1.70 billion. The Company’s portfolio consists of the Infinera DTN-X Family, the Infinera DTN platform, the Infinera Cloud Xpress Family, the Infinera XTM Series, the Infinera XTG Series and the Infinera FlexILS platform, addressing long-haul, subsea and metro networks end-to-end. It currently has negative earnings.

The stock increased 0.52% or $0.06 on June 16, reaching $11.52. About shares traded. Infinera Corp. (NASDAQ:INFN) has declined 24.42% since June 19, 2016 and is downtrending. It has underperformed by 41.12% the S&P500.

Investors sentiment decreased to 0.92 in 2016 Q4. Its down 0.15, from 1.07 in 2016Q3. It dived, as 26 investors sold Infinera Corp. shares while 52 reduced holdings. 25 funds opened positions while 47 raised stakes. 105.29 million shares or 8.27% more from 97.25 million shares in 2016Q3 were reported. Frontier Capital Management Com Ltd Liability Corp owns 3.17 million shares or 0.21% of their US portfolio. Jennison Assocs Limited Liability Company reported 0% of its portfolio in Infinera Corp. (NASDAQ:INFN). Peak6 Investments Limited Partnership invested 0% of its portfolio in Infinera Corp. (NASDAQ:INFN). Granite Investment Ltd Liability holds 610,707 shares. Great West Life Assurance Can accumulated 15,084 shares or 0% of the stock. Jpmorgan Chase And accumulated 1.13M shares. Invesco owns 0% invested in Infinera Corp. (NASDAQ:INFN) for 55,653 shares. Creative Planning holds 0% or 15,954 shares in its portfolio. Bessemer Group invested 0% of its portfolio in Infinera Corp. (NASDAQ:INFN). Moreover, Loring Wolcott Coolidge Fiduciary Advisors Limited Liability Partnership Ma has 0% invested in Infinera Corp. (NASDAQ:INFN). Moreover, Price T Rowe Associate Md has 0% invested in Infinera Corp. (NASDAQ:INFN). Da Davidson & has invested 0% of its portfolio in Infinera Corp. (NASDAQ:INFN). Segall Bryant Hamill Ltd Co reported 0.11% of its portfolio in Infinera Corp. (NASDAQ:INFN). Tci Wealth invested in 0% or 1,000 shares. Cubist Systematic Strategies Ltd Liability has invested 0.02% of its portfolio in Infinera Corp. (NASDAQ:INFN).


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