Wolfe Research Upgrades Infinera Corp. (INFN) to Peerperform, 'At Long Last, Out of the Wilderness'

May 13, 2021 5:10 AM EDT
Get Alerts INFN Hot Sheet
Price: $8.37 -1.18%

Rating Summary:
    16 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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Wolfe Research analyst Jeff Kvaal upgraded Infinera Corp. (NASDAQ: INFN) from Underperform to Peerperform with a price target of $10.00.

The analyst comments "After years of wandering, Infinera is restaking its claim to optical leadership. The commercial 800G shipments now underway should restore Infinera to the pinnacle of optical speeds, drive share gains, and restore its margins. The May 19th analyst day may prove an inflection for Infinera and its new CEO. Scope for materially higher EPS lifts our target to $10 and our rating to Peer Perform."

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 $8.42 yesterday.

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