Goldman Sachs Upgrades Infinera Corp. (INFN) to Neutral

March 19, 2013 7:37 AM EDT Send to a Friend
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Price: $9.20 --0%

Rating Summary:
    8 Buy, 7 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 27 | Down: 15 | New: 11
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Goldman Sachs upgraded Infinera Corp. (NASDAQ: INFN) from Sell to Neutral with a price target of $7.20 (from $5.65) saying DTN-X puts Infinera back on a growth path.

"In addition to an improved top-line trajectory, we believe the current quarter will mark
a bottom in the company’s gross margins, given its "razor + blades" model characterized by higher-margin blade shipments following the initial install of lower-margin chassis," the analyst said.

FY13/14/15 non-GAAP EPS estimates go to ($0.11)/$0.06/$0.21 from ($0.13)/($0.06)/$0.01.

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 $7.02 yesterday.




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