Infinera (INFN) PT, Estimates Lifted at Jefferies on Strong Q3, Outlook

Jefferies analyst George Notter reiterated a Buy rating and bumped his price target on Infinera Corp. (NASDAQ: INFN) to $14.50 (from $14.00) following strong results.

Notter commented, "Infinera delivered a significantly stronger-than-expected September quarter and guidance for Q4. We’re still big fans of the stock at current levels on the back of the core DTN-X business and new metro WDM product cycles."

The firm raised FY 2014 EPS from $0.25 to $0.37 and FY 2015 EPS from $0.36 to $0.45.

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 $10.61 yesterday.

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