Top 5 Stock Picks of Joe Milano’s Greenhouse Funds

3. Infinera Corporation (NASDAQ:INFN)

Greenhouse Funds’ stake value: $38M

Infinera Corporation (NASDAQ:INFN) is a long-running holding of Joe Milano’s Greenhouse Funds. The hedge fund looks bullish over Infinera’s fundamentals as it bought more shares of the company after its price plummeted in the first quarter. Infinera Corporation is an information technology company that provides optical transport networking equipment, software, and services worldwide. The latest price selloff is blamed on supply chain disruptions and suspension of operations in Russia. Despite short-term headwinds, the company expects revenue growth in the range of 8% to 12% over the next three years amid strong acceptance of its ICE-6 products and ICE-XR point-to-multipoint pluggable. Rosenblatt’s Mike Genovese set a $12 price target for Infinera, representing a substantial upside from its current price of $6. 

At the end of the June quarter, 19 hedge funds tracked by Insider Monkey had stakes in INFN.