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Infinera Stock Hits New 52-Week Low

NEW YORK ( TheStreet) -- Infinera Corporation (INFN) hit a new 52-week low Wednesday as it is currently trading at $6.09, below its previous 52-week high of $12.90 with 300,110 shares traded as of 1:10 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Infinera has a market cap of $640.9 million and is part of the technology sector and telecommunications industry. Shares are down 39% year to date as of the close of trading on Tuesday.

Infinera Corporation provides optical networking systems based on photonic integration technology in the United States.

TheStreet Ratings rates Infinera as a sell. Among the areas we feel are negative, one of the most important has been weak operating cash flow. You can view the full Infinera Ratings Report.

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