Why Infinera Corp. Shares Surged Higher Today

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Infinera Corp. (NASDAQ: INFN  ) jumped 12% Monday after a company executive purchased a significant number of shares.

So what: Specifically, an SEC filing Friday revealed Infinera CFO Brad Feller just spent over $206,000 to buy 25,000 shares at an average price of almost $8.25 per share.

Now what: As of yesterday's close, shares of Infinera had gradually drifted more than 12% lower since the company posted better-than-expected first quarter results last month. And that underperformance came despite at least one significant analyst upgrade since then. Feller's move, then, is viewed as a big vote of confidence and further negates concerns surrounding Infinera's previous slower-than-expected growth. To be sure, if Infinera can maintain its momentum and keep moving in the right direction, shares might well be able to continue rewarding patient investors from here.

The biggest thing to come out of Silicon Valley in years
In the meantime, there are plenty of other promising stocks out there for patient investors. To be sure, if you thought the iPod, the iPhone, and the iPad were amazing, just wait until you see this. One hundred of Apple's top engineers are busy building one in a secret lab. And an ABI Research report predicts 485 million of them could be sold over the next decade. But you can invest in it right now, for just a fraction of the price of Apple stock. Click here to get the full story in this eye-opening new report.

Read/Post Comments (0) | Recommend This Article (9)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2963702, ~/Articles/ArticleHandler.aspx, 9/5/2015 2:13:11 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Steve Symington

Technology and consumer goods specialist for the Fool. Steve looks for responsible businesses which positively shape our lives. Then, he invests accordingly. Enjoy his work? Connect with him on Twitter & Facebook so you don't miss a thing.

Today's Market

updated 4 hours ago Sponsored by:
DOW 16,102.38 -272.38 -1.66%
S&P 500 1,921.22 -29.91 -1.53%
NASD 4,683.92 -49.58 -1.05%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/4/2015 3:59 PM
INFN $21.41 Down -0.51 -2.33%
Infinera CAPS Rating: *****