Infinera Corp. (NDAQ:INFN) was upgraded by stock analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating in a report issued on Thursday.

Several other equities analysts also recently issued reports on the company. Instinet upgraded Infinera Corp. from a “neutral” rating to a “buy” rating in a research report on Friday, February 10th. Needham & Company LLC boosted their target price on Infinera Corp. from $12.50 to $13.50 and gave the stock a “strong-buy” rating in a report on Friday, February 10th.

Shares of Infinera Corp. (NDAQ:INFN) opened at 11.13 on Thursday. The stock’s market capitalization is $1.63 billion. Infinera Corp. has a 1-year low of $7.23 and a 1-year high of $17.04. The firm’s 50-day moving average price is $10.50 and its 200 day moving average price is $9.10.

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About Infinera Corp.

Infinera Corporation is a provider of optical transport networking systems to service providers. The Company operates through optical transport networking systems segment. The Company serves Tier 1 and Tier 2 telecommunications service providers, Internet content providers, cable operators, wholesale and enterprise carriers, research and education institutions and government entities around the world.

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