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Analysts Offer Insights on Technology Companies: Infinera (INFN) and Ping Identity Holding (PING)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Infinera (INFNResearch Report) and Ping Identity Holding (PINGResearch Report).

Infinera (INFN)

Rosenblatt Securities analyst Michael Genovese reiterated a Buy rating on Infinera today. The company’s shares closed last Wednesday at $5.17, close to its 52-week low of $4.67.

According to TipRanks.com, Genovese is a 5-star analyst with an average return of 12.0% and a 59.1% success rate. Genovese covers the Technology sector, focusing on stocks such as Juniper Networks, Extreme Networks, and Arista Networks.

Currently, the analyst consensus on Infinera is a Moderate Buy with an average price target of $8.71, a 55.5% upside from current levels. In a report issued on July 29, B.Riley Financial also maintained a Buy rating on the stock with a $9.50 price target.

See today’s best-performing stocks on TipRanks >>

Ping Identity Holding (PING)

In a report released today, Mike Cikos from Needham maintained a Hold rating on Ping Identity Holding. The company’s shares closed last Wednesday at $27.97.

According to TipRanks.com, Cikos has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -8.6% and a 30.3% success rate. Cikos covers the Technology sector, focusing on stocks such as Cognyte Software, Tenable Holdings, and Cellebrite DI.

Ping Identity Holding has an analyst consensus of Moderate Buy, with a price target consensus of $25.42, implying a -9.0% downside from current levels. In a report issued on July 28, Raymond James also downgraded the stock to Hold.

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