Infinera Corporation Reports Fourth Quarter and Fiscal Year 2016 Financial Results

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Instinet Upgrades Infinera Corp. (INFN) to Buy

February 10, 2017 7:13 AM EST

Instinet upgraded Infinera Corp. (NASDAQ: INFN) from Neutral to Buy with a price target of $15.00 (from $8.00).

Analyst Jeffrey Kvaal commented, "1Q guidance was in line with to below consensus estimatesdisappointing, given that it was INFNs fourth straight guide down and 4Q ended... More