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Equities research analysts at MKM Partners cut their price objective on shares of Infinera Corp. (NASDAQ:INFN) from $14.00 to $10.00 in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. MKM Partners’ price objective indicates a potential upside of 32.28% from the company’s current price.

In other Infinera Corp. news, President David Welch sold 10,000 shares of Infinera Corp. stock on the open market in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $9.03, for a total value of $90,300.00. Following the transaction, the president now directly owns 14,132 shares of the company’s stock, valued at approximately $127,612. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Separately, analysts at FBR Capital Markets initiated coverage on shares of Infinera Corp. in a research note to investors on Thursday, December 19th. They set an “outperform” rating and a $12.50 price target on the stock. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $12.18.

Infinera Corp. (NASDAQ:INFN) traded up 1.65% during mid-day trading on Wednesday, hitting $7.685. 927,155 shares of the company’s stock traded hands. Infinera Corp. has a 52 week low of $6.06 and a 52 week high of $12.16. The stock’s 50-day moving average is $9.30 and its 200-day moving average is $10.31. The company’s market cap is $918.8 million.

Infinera Corporation (NASDAQ:INFN) provides optical networking equipment, software and services to communications service providers, Internet content providers, cable operators and subsea network operators (collectively, Service Providers) across the globe.

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