Infinera Corporation Reports Second Quarter 2016 Financial Results

Needham & Company Cuts Price Target on Infinera (INFN) to $15 Following 2Q

Needham & Company maintained a Strong Buy rating on Infinera Corp. (NASDAQ: INFN), and cut the price target to $15.00 (from $20.00), following the company's 2Q earnings report.

Analyst Alex Henderson commented, "Against expectations for a weak quarter and guide, INFN reported a stronger... More

JPMorgan Downgrades Infinera Corp. (INFN) to Neutral

JPMorgan downgraded Infinera Corp. (NASDAQ: INFN) from Overweight to Neutral with a price target of $8.50 (from $19.00).

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 $12.51 yesterday.

Raymond James Downgrades Infinera Corp. (INFN) to Market Perform

Raymond James downgraded Infinera Corp. (NASDAQ: INFN) from Outperform to Market Perform and removed its price target (prior $17.00).

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 $12.51 yesterday.

B. Riley Downgrades Infinera Corp. (INFN) to Neutral

B. Riley downgraded Infinera Corp. (NASDAQ: INFN) from Buy to Neutral with a price target of $10.50 (from $18.00).

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 $12.51 yesterday.

Infinera (INFN) Tops Q2 EPS by 3c; Says Demand is Softening

Infinera (NASDAQ: INFN) reported Q2 EPS of $0.21, $0.03 better than the analyst estimate of $0.18. Revenue for the quarter came in at $258.8 million versus the consensus estimate of $255.83 million.

"While I am very pleased with our second quarter and year to date financial... More