Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap

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Go back to Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap

Needham Downgrades Infinera Corp. (INFN) to Hold

June 28, 2024 7:02 AM EDT

Needham analyst Ryan Koontz downgraded Infinera Corp. (NASDAQ: INFN) from Buy to Hold.

The analyst comments "NOK announced it would acquire INFN for $2.3B ($6.65 per share), equal to a 28% premium to yesterday's closing stock price. The move will consolidate two sub-scale and underperforming... More