National Alliance Securities Starts Infinera Corp. (INFN) at Hold

National Alliance Securities initiated coverage on Infinera Corp. (NASDAQ: INFN) with a Hold rating and a price target of $9.00.

Analyst Brian Coyne said, "The company should maintain its momentum in the ongoing optical investment cycle as carriers continue to adopt 100G and OTN switching into their transport platforms. We likewise expect Infinera to deliver share gains and revenue growth but in our view the next leg up in earnings power appears farther out on the horizon than for its closest comp, Ciena. We would prefer a better entry point or signs of above-consensus revenue growth to build new positions."

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 $8.40 yesterday.

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