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

Article Related Press Releases (1) Stock Quotes (1) Comments (0)

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, with a 52 week range of $4.33-$8.60.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Wedbush Downgrades XenoPort (XNPT) to Neutral
• Jefferies Raises PT on Aeropostale (ARO) Ahead of Q1
• Wells Fargo Downgrades Ruby Tuesday (RT) to Market Perform

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?