Insider Trading Alert - INFN, CTSH And VLGEA Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Yesterday, June 9, 2015, 89 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $352.00 to $81,483,250.00.

Highlighted Stocks Traded by Insiders:

Infinera (INFN) - FREE Research Report

Jandro Robert J, who is Senior VP, Worldwide Sales at Infinera, sold 18,000 shares at $21.41 on June 9, 2015. Following this transaction, the Senior VP, Worldwide Sales owned 20,357 shares meaning that the stake was reduced by 46.93% with the 18,000-share transaction.

The shares most recently traded at $21.30, down $0.11, or 0.53% since the insider transaction. Historical insider transactions for Infinera go as follows:

  • 4-Week # shares bought: 25,000
  • 4-Week # shares sold: 6,000
  • 12-Week # shares bought: 25,000
  • 12-Week # shares sold: 6,000
  • 24-Week # shares bought: 25,000
  • 24-Week # shares sold: 12,000

The average volume for Infinera has been 1.8 million shares per day over the past 30 days. Infinera has a market cap of $2.7 billion and is part of the technology sector and telecommunications industry. Shares are up 44.63% year-to-date as of the close of trading on Tuesday.

Infinera Corporation provides optical transport networking equipment, software, and services for telecommunications service providers, Internet content providers, cable operators, wholesale and enterprise carriers, research and education institutions, and government entities worldwide. The company has a P/E ratio of 88.4. Currently, there are 7 analysts who rate Infinera a buy, no analysts rate it a sell, and 2 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on INFN - FREE

TheStreet Quant Ratings rates Infinera as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Infinera Ratings Report from TheStreet Quant Ratings now.

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