Goldman Sachs upgraded shares of Infinera Corp. (NASDAQ:INFN) from a neutral rating to a buy rating in a report released on Wednesday,TheFlyOnTheWall.com reports. Goldman Sachs currently has $11.50 price objective on the stock, up from their previous price objective of $8.45. Infinera Corp. (NASDAQ:INFN) stock opened at $8.85in last session, and closed at $9.71, while the day range of stock is $8.83-$9.75. The stock showed a positive weekly performance of 11.35%.
Iridium Communications Inc. (NASDAQ:IRDM) and Rutgers University´s Coastal Ocean Observation Lab said that Iridium will be a key technology sponsor to the Challenger glider mission. Iridium Communications Inc. (NASDAQ:IRDM) stock opened at $7.00, in last session and closed at $7.38, by gaining 5.73%. The 52 week range of the stock is $5.37 – $9.22. Company’s market capitalization is $565.97 million.
China TechFaith Wireless Communication Technology Ltd (NASDAQ:CNTF) reported unaudited fourth quarter results, with total net revenues virtually unchanged at USD 31.2 million from 31.0 million the year before. Revenues at ODP almost doubled to USD 23.7 million from 12.1 million, just managing to offset revenue declines at brand name phone sales to USD 5.4 million from 11.6 million and at Game to USD 2.1 million from 7.3 million. China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) stock decreased -17.15% and finished the last session at $2.27. The EPS of the stock remained -0.07. Company’s market capitalization is $120.16 million.
Zhone Technologies Inc. (NASDAQ:ZHNE) designs, develops and manufactures communications networks equipment for telecommunications, wireless and cable operators worldwide. With the Company’s products and solutions, network service providers can migrate from traditional circuit-based networks to packet-based networks and from copper-based access lines to fiber-based access lines without abandoning the investments they have made in their existing infrastructures. Zhone Technologies Inc (NASDAQ:ZHNE) stock opened the session at $3.98, and closed the session at $4.86. The 52 week range of the stock remained $0.72 – $6.62 and the day range was $3.89-$4.88.
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