Analysts at Wedbush on Tuesday initiated coverage of Infinera Corp. INFN 1.57% by issuing a Neutral rating and setting a $13 price target. Infinera provides optical networking equipment and services to communications providers, iInternet providers, cable operators and other network operators worldwide.

The Numbers

Infinera’s previous quarterly earnings numbers in October were quite good. The company announced earnings per share of $0.11, beating consensus estimates by $0.04. Revenue of $173.60 million also exceeded consensus expectations of $170.90 million. The revenue number represented 22.2 percent growth year-over-year for the quarter.

A Troubling Sign

In early December, Infinera President David F. Welch sold $433,500 worth of Infinera stock at a price of $14.45.

Downside risk

Infinera’s stock closed up 1.6 percent Tuesday at $14.11. The $13.00 price target represents…

Read the rest of this article (and all my other articles) for free on Benzinga by clicking here

Want to learn more about the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!