5 Best Technology Penny Stocks to Buy

4. Infinera Corporation (NASDAQ:INFN)

Number of Q1 2023 Hedge Fund Investors: 27

Infinera Corporation (NASDAQ:INFN) is a communications equipment and services firm headquartered in San Jose, California. It provides optical communications systems and services for long range subsea fiber optical networks. The firm won a big contract in June 2023 when a Swedish company used its equipment to expand network capacity in America.

Insider Monkey’s Q1 2023 survey of 943 hedge funds revealed that 27 had bought the firm’s shares. Howard Marks’ Oaktree Capital Management is Infinera Corporation (NASDAQ:INFN)’s largest shareholder in our database with a $195 million stake.

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