Infinera Corp. (INFN) Company Visit Shows Demand So Strong Shipments May Push Into 4Q - Needham

Needham & Company analyst Alex Henderson reiterated a Strong Buy rating and $9.00 price target on Infinera Corp. (NASDAQ: INFN) after visiting the company last week and leaving with increased conviction that the business is strengthening and the operational challenges should resolve themselves over the next quarter.

INFN will be one of only two companies with a 800G roadmap over the next year putting the company in a prime position to benefit from the technology shift. The analyst stated two key points: "First, Infinera is noting demand conditions are strengthening and they feel good about demand. Second, they have some major integration challenges near-term as they merge 3 SAP systems into one at the same time they are moving production to Fabrinet".

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 $5.36 yesterday.

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