Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Infinera Corp (NASDAQ: INFN) weakened during the last several trading days. INFN’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 4/8/24, Infinera Corp (NASDAQ: INFN) stock suffered a large decline of -6.2%, closing at $5.44. Moreover, trading volume in this decline was above average at 126% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -9.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, INFN is expected to continue to be a major Value Builder.
Infinera has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Infinera has a very low Appreciation Score of 8 but a good Power Rating of 75, triggering the Negative Value Trend Rating.
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