FBR Capital Starts Infinera Corp. (INFN) at Outperform

December 19, 2013 5:34 PM EST
Get Alerts INFN Hot Sheet
Price: $8.73 +0.34%

Rating Summary:
    12 Buy, 8 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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FBR Capital initiates coverage on Infinera Corp. (NASDAQ: INFN) with a Outperform. PT $12.50.

"We expect the optical space to experience stronger performance in 2014 versus 2013 as several catalysts combine to drive what will likely be one of the strongest optical cycles the industry has seen in more than two decades," analyst Scott Thompson states. "Additionally, we are in the early stages of a larger shift in the way large-scale data networks are built, in which the new architecture enables more intelligence and flexibility at the optical layer and creates savings at the switching and routing layers. The optical sector is likely to benefit significantly from the shift, potentially beyond what industry analysts are currently forecasting. We believe Infinera has more exposure to the optical subsectors, where this shift will be the most pronounced. As a result, while the consensus view appears to be cautious on INFN, we are bullish and recommend investors buy shares to benefit from an optical cycle that we believe is still several quarters from a peak."

For an analyst ratings summary and ratings history on Infinera Corp. click here. For more ratings news on Infinera Corp. click here.

Shares of Infinera Corp. closed at $9.30 yesterday.

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