Infinera continues its bullish trend in order to test new highest level.
The turnover came out to USD 125 million, 4% above expectations. Moreover, the consensus revised upward EPS and revenue estimates for this year and that let see a great potential for the security on the stock market.
From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. We have seen in recent sessions slightly out of breath of the movement but the USD 10 short-term support should allow to rise again. This growth should help to reach soon the USD 11.5 short term resistance.
In consequence, investors can take a long position in Infinera with a first target price at USD 11.5. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be set under the USD 10 short term support.
Infinera Corporation is a supplier of networking solutions comprised of networking equipment, software and services. The Companyâs portfolio of solutions includes optical transport platforms, converged packet-optical transport platforms, compact modular platforms, optical line systems, coherent optical engines and subsystems, a suite of automation software offerings, and support and professional services. The Companyâs hardware product portfolio consists of compact modular platforms, packet-optical platforms, optical line systems and optical subsystems. Its software products include the Infinera Transcend Software Suite, which includes automation and network management software. These products serve various market segments in the end-to-end transport infrastructure, including metro, long-haul and subsea. It also provides customer support services, including professional service offerings designed to help customers optimize their network assets and migrate legacy services.
INFINERA CORPORATION 
