5 Best Long-Term Penny Stocks to Buy Now

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1. Infinera Corporation (NASDAQ:INFN)

Number of Hedge Fund Holders: 27

Networking products company Infinera Corporation (NASDAQ:INFN) tops our list of the best long-term penny stocks to buy now. Infinera Corporation (NASDAQ:INFN) recently surprised analysts when it posted break-even Q2 results on an adjusted basis. Analysts were expecting Infinera Corporation (NASDAQ:INFN) post a loss.

As of the end of the first quarter of 2023, 27 hedge funds tracked by Insider Monkey were bullish on Infinera Corporation (NASDAQ:INFN). The biggest stakeholder of Infinera Corporation (NASDAQ:INFN) during this period was Howard Marks’ Oaktree Capital Management which owns a $195 million stake in the company.

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