Infinera (INFN) PT, Estimates Lifted at Jefferies on Strong Q3, Outlook
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Rating Summary:
15 Buy, 9 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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Jefferies analyst George Notter reiterated a Buy rating and bumped his price target on Infinera Corp. (NASDAQ: INFN) to $14.50 (from $14.00) following strong results.
Notter commented, "Infinera delivered a significantly stronger-than-expected September quarter and guidance for Q4. We’re still big fans of the stock at current levels on the back of the core DTN-X business and new metro WDM product cycles."
The firm raised FY 2014 EPS from $0.25 to $0.37 and FY 2015 EPS from $0.36 to $0.45.
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 $10.61 yesterday.
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