Needham & Company Starts Infinera Corp. (INFN) at Hold; Favorable Bias, But Wait For Few Factors To Play Out

Needham & Company initiates coverage on Infinera Corp. (NASDAQ: INFN) with a Hold.

Analyst, Alex Henderson, said, "We are launching coverage of Infinera with a Hold rating, but with an eye to a near term upgrade. We are a believer in the Infinera technology and think longer term this is a very interesting company and probably a solid investment. However, over the short term, there are a number of factors keeping us on the sidelines. (Factors include: Revenue Recognition Timing for DTN-X Sales; Alternative Investments; Margins on Initial Chassis Mix; and 2Q and 3Q Likely Rough)"

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 $7.09 yesterday.

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