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Rosenblatt Securities Stick to Their Buy Rating for Infinera Corp.

Published 11/05/2020, 10:15 PM
INFN
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Rosenblatt Securities analyst Ryan Koontz maintained a Buy rating on Infinera (NASDAQ:INFN) Corp. on Thursday, setting a price target of $9, which is approximately 37.83% above the present share price of $6.53.

Koontz expects Infinera Corp . to post earnings per share (EPS) of -$0.33 for the fourth quarter of 2020.

The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Infinera, with an average price target of $11.63.
The analysts price targets range from a high of $15 to a low of $9.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $331.59 million and a net profit of -$36.19 million. The company's market cap is $1.22 billion.

According to TipRanks.com, Rosenblatt Securities analyst Ryan Koontz is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.1% and a 68.97% success rate.

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. The company was founded by David F. Welch, Drew Daniel Perkins, and Jagdeep Singh in December 2000, and is headquartered in Sunnyvale, CA.

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