Infinera (INFN) Lack of Upside Q1 Guidance Not an Issue, Says MKM

February 6, 2013 11:38 AM EST Send to a Friend
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Price: $19.59 +4.65%

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    10 Buy, 6 Hold, 0 Sell

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    Up: 10 | Down: 19 | New: 37
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Infinera Corporation (NASDAQ: INFN) yesterday reported Q4 revenue of $128 million, slightly ahead of estimates. EPS came in at ($0.06) topping estimates by a penny. Guidance was in-line with consensus at $115 to $125 million revenue, with EPS of ($0.05) to ($0.09).

Responding to the results, MKM analysts said they believe the company's execution, as evidenced by their likely #1 global market share in 100G DWDM, outweighs concerns about the lack of upside guidance.

MKM Partners has a Buy rating on Infinera Corp. with an updated price target of $10.00 (from $9.00).

For an analyst ratings summary and ratings history on Infinera Corp. (NASDAQ: INFN) click here. For more ratings news on Infinera Corp. click here.

Shares of Infinera Corp. closed at $7.51 yesterday.

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