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Infinera Corp. (NASDAQ:INFN) Director Mark A. Wegleitner sold 4,500 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $9.12, for a total value of $41,040.00. Following the sale, the director now directly owns 29,467 shares in the company, valued at approximately $268,739. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of analysts have recently weighed in on INFN shares. Analysts at MKM Partners reiterated a “buy” rating on shares of Infinera Corp. in a research note on Thursday, July 24th. Analysts at Zacks downgraded shares of Infinera Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 17th. They now have a $10.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $11.00.

Infinera Corp. (NASDAQ:INFN) traded up 2.67% during mid-day trading on Wednesday, hitting $9.24. 1,843,667 shares of the company’s stock traded hands. Infinera Corp. has a one year low of $6.96 and a one year high of $11.91. The stock has a 50-day moving average of $9.13 and a 200-day moving average of $8.80. The company’s market cap is $1.142 billion.

Infinera Corp. (NASDAQ:INFN) last released its earnings data on Wednesday, July 23rd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. The company had revenue of $165.40 million for the quarter, compared to the consensus estimate of $165.38 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Analysts expect that Infinera Corp. will post $0.19 EPS for the current fiscal year.

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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