5 Best Tech Stocks to Buy Under $10

4. Infinera Corporation (NASDAQ:INFN)

Number of Hedge Fund Holders: 21

Stock Price as of October 2: $8.38

Infinera Corporation (NASDAQ:INFN) is a California-based telecommunications equipment company. Ranked fourth on the list of the 10 best tech stocks to buy under $10, Infinera Corporation (NASDAQ:INFN) manufactures optical transmission equipment and IP transport technologies.

The company issued its quarterly earnings report for the second quarter of 2021 on August 3, with reported earnings per share at -$0.03, crossing estimates by $0.02. On the other hand, the revenues reported to be $338.23 million, missed estimates by $6.65 million.

At the end of the second quarter of 2021, 21 hedge funds in the database of Insider Monkey held stakes worth more than $428 million in Infinera Corporation (NASDAQ:INFN). This is compared to 20 hedge funds in the previous quarter that held stakes amounting to approximately $372 million.

Earlier this September, MKM Partners analyst Michael Genovese kept a Neutral rating on Infinera Corporation (NASDAQ:INFN) alongside a price target of $9.00.