Infinera rose 3.94% during the afternoon session to $7.12 per share. As reported by Reuters: "Exclusive: Semiconductor manufacturer Infinera explores sale" You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
Infinera Corporation provides optical transport network equipment, software, and services globally. The company belongs to the Utilities sector, which has an average price to earnings (P/E) ratio of 22.89 and an average price to book (P/B) ratio of 1.03. In contrast, Infinera has a trailing 12 month P/E ratio of -20.94 and a P/B ratio of 13.33.
Infinera has moved -11.84% over the last year compared to -9.54% for the S&P 500 -- a difference of -2.3%. Infinera has a 52 week high of $9.01 and a 52 week low of $4.26. At today's price of $7.12 per share, Infinera is -18.91% away from its target price of $8.78, and on average, analysts give the stock a rating of hold. 25% of the company's shares are linked to short positions, and 103% of the shares are owned by institutional investors.