Angi also operates Handy, a platform for household services, primarily cleaning and repair services; Angi Roofing, which provides roof replacement and repair services; and home services marketplaces under the Travaux, MyHammer, Werkspot, MyBuilder and Instapro names.
Goldman Sachs has a $12 price target for Angi stock, while the consensus target is $9.68. The shares traded on Friday at $5.60.
Infinera
Some feel that this top company would be an outstanding addition to a networking giant as a takeover candidate. Infinera Corp. (NASDAQ: INFN) provides Intelligent Transport Networks, enabling carriers, cloud operators, governments and enterprises to scale network bandwidth, accelerate service innovation and simplify optical network operations.
Infinera’s portfolio of solutions includes optical transport platforms, converged packet-optical transport platforms, optical line systems, router platforms and a suite of networking and automation software offerings.
Earlier this month, the company announced that the Asia-Africa-Europe-1 (AAE-1) Consortium, owner of one of the largest consortium cable systems in the world, selected Infinera’s ICE6 coherent 800G solution to increase its submarine network capacity and provide diverse, resilient connectivity across European, Asian, African and Middle Eastern markets. AAE-1’s submarine upgrade will more than double the current capacity, providing in excess of 100 terabytes per second, resulting in the largest-scale submarine upgrade in history.
Goldman Sachs has set a $10 price objective, while the consensus target on Infinera stock is $9.30. The shares traded on Friday at $5.75.
Nokia
This telecommunications company ruled the cell phone arena until the advent of the smartphone in 2007 and recently re-emerged as a top meme stock. Nokia Corp. (NYSE: NOK) owns two main businesses: 1) Nokia Networks, a network infrastructure equipment supplier to global wireless and wireline operators, and 2) Technologies, its patent/IPR licensing activities.
In a very positive sign for investors, the company has resumed its quarterly dividend and initiated a share buyback program after reporting very solid fourth-quarter results, with comparable operating earnings above market estimates as the telecom equipment maker kept costs in check. Nokia also forecasted annual revenue that was largely ahead of projections and set a long-term target for operating margins of at least 14%, replacing its earlier 2023 target of between 11% and 13%.
Morgan Stanley’s $7.50 target price compares with the $7.10 consensus target. Nokia stock traded at $5.10 on Friday.
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