5 Best Very Cheap Stocks to Buy Right Now

2. Infinera Corporation (NASDAQ: INFN)

Number of Hedge Fund Holders: 20
Price as of June 25: $10.64

Infinera Corporation (NASDAQ: INFN) ranks 2nd on the list of 15 best very cheap stocks to buy right now. The California-based telecommunications firm develops cutting-edge technology and innovative solutions for network automation, 5G deployment, cloud networking, and open optical networking. Infinera Corporation (NASDAQ: INFN) serves more than 500 customers in over 100 countries. 

The company has a market cap of $2.2 billion. The stock has offered investors returns exceeding 106% over the past twelve months. Shares of INFN are also up 22% in the last month. The company’s revenue in the first quarter of 2021 came in at $330,907. As of March 27, 2021, Infinera Corporation’s total assets were $1.6 million versus its total current liabilities of $505,928. On May 13, Wolfe Research upgraded its rating on Infinera Corporation to Peer Perform, with a price target of $10 per share. 

There were 20 hedge funds that reported owning stakes in Infinera Corporation (NASDAQ: INFN) at the end of the first quarter. The total value of these stakes at the end of Q1 is $373 million.