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Infinera (INFN) Worth Watching: Stock Moves 7.3% Higher

Zacks Equity Research

Infinera Corporation (INFN) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the uptrend for the company as the stock has gained nearly 17% in the past one-month time frame.

This provider of optical transport networking equipment, software, and services has seen 2 positive estimate revisions in the last 60 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading ahead for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.

Infinera currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked Computer Network stocks worth considering are Extreme Networks Inc. (EXTR), Brocade Communications Systems, Inc. (BRCD) and Emulex Corporation (ELX). While EXTR sports a Zacks Rank #1 (Strong Buy), BRCD and ELX bear a Zacks Rank #2 (Buy).

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INFINERA CORP (INFN): Free Stock Analysis Report

EXTREME NETWORKS INC (EXTR): Free Stock Analysis Report

BROCADE COMMUNICATIONS SYSTEMS N (BRCD): Free Stock Analysis Report

EMULEX CORP (ELX): Free Stock Analysis Report


Zacks Investment Research