Infinera Corp (NASDAQ: INFN). Extremely significant positive changes in investment behavior have recently occurred: the stock rose on very heavy volume, and its longer term price trend turned up.
Notable positive changes in Infinera Corp (NASDAQ: INFN) fundamentals have recently occurred: the stock’s power rating rose above 70, and the consensus estimate for December, 2023 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
INFN is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Infinera has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Infinera has a poor Appreciation Score of 15 but a good Power Rating of 71, resulting in the Negative Value Trend Rating.
Recent Price Action
Infinera Corp (NASDAQ: INFN) stock closed at $5.35 on 3/1/24 after a very large increase of 6.6%. Moreover, trading volume in this advance was exceptionally high at 240% of normal. Relative to the market the stock has been strong over the last nine months and has risen 3.7% during the last week.
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