Nokia taps AI boom with $2.3 billion Infinera purchase
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Needham Downgrades Infinera Corp. (INFN) to Hold
June 28, 2024 7:02 AM EDTNeedham 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
