Infinera Corporation (INFN) was among the biggest gainers on the Russell 2000 for Friday January 29 as the stock popped 6.31% to $15.25, representing a gain of $0.905 per share. Some 1.49 million shares traded hands on 11,169 trades, compared with an average daily volume of 2.05 million shares out of a total float of 139.81 million. The stock opened at $14.34 and traded with an intraday range of $15.27 to $14.34.
After today's gains, Infinera Corporation reached a market cap of $2.13 billion. Infinera Corporation has had a trading range between $25.24 and $13.62 over the last year, and it had a 50-day SMA of $18.59 and a 200-day SMA of $20.27.
The stock has a P/E Ratio of 41.4.
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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