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Infinera (INFN) Looks Good: Stock Adds 6.3% in Session

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Infinera Corporation INFN was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 17.6% in the past one-month time frame.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Infinera Corporation Price

Infinera Corporation Price | Infinera Corporation Quote

A better-ranked stock in the Computer – Networking industry is Allot Communications Ltd. ALLT, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is INFN going up? Or down? Predict to see what others think: Up or Down

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