Myriad Asset Management buys $7.6 Million stake in Infinera
Myriad Asset Management scooped up 305,300 additional shares in Infinera during the most recent quarter end.
The investment management firm now holds a total of 637,500 shares of Infinera which is valued at $7.6 Million. Infinera makes up approximately 2.38% of Myriad Asset Management's portfolio.
Infinera Corporation is engaged in optical transport networking systems. The Company provides optical transport networking equipment software and services to Tier 1 and Tier 2 telecommunications service providers Internet content providers (ICPs) cable operators wholesale and enterprise carriers research and education institutions and government entities around the world. The Company's technologies and platforms enable Service Providers to deliver bandwidth.
The Company uses its large scale photonic integrated circuits (PICs) to deliver optical networking solutions for the network environments. Its product portfolio consists of the Infinera DTN-X and the Infinera DTN platforms targeted for long-haul and subsea networks and the Cloud Xpress and ATN platforms targeted for metro networks. It also provides software solutions to increase the efficiency and optimization of the network.
