Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Infinera Corp (NASDAQ: INFN) improved recently. INFN’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/1/24, Infinera Corp (NASDAQ: INFN) stock enjoyed a large increase of 3.5%, closing at $4.99. However, this advance was accompanied by exceptionally low trading volume at 40% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.0% during the last week.
Current PriceTarget Research Rating
INFN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Infinera has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Infinera has a very low Appreciation Score of 10 but a good Power Rating of 79, resulting in the Low Neutral Value Trend Rating.
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