Infinera Corporation (INFN) was one of the Russell 2000's biggest losers for Monday January 18 as the stock slid 5.55% to $14.80, a loss of $-0.87 per share. Starting at an opening price of $15.10 a share, the stock traded between $14.57 and $15.34 over the course of the trading day. Volume was 3 million shares over 19,327 trades, against an average daily volume of 2.04 million shares and a total float of 139.81 million.
The losses send Infinera Corporation down to a market cap of $2.07 billion. In the last year, Infinera Corporation has traded between $25.24 and $13.46, and its 50-day SMA is currently $19.58 and 200-day SMA is $20.47.
The stock has a P/E Ratio of 42.3.
Infinera Corp provides optical transport networking equipment, software and software services to Tier 1 and Tier 2 telecommunications service providers, internet content providers, cable operators, wholesale & enterprise carriers and government entities.
Infinera Corporation is based out of Sunnyvale, CA and has some 1,495 employees. Its CEO is Thomas J. Fallon.
For a complete fundamental analysis analysis of Infinera Corporation, check out Equities.com’s Stock Valuation Analysis report for INFN. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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