Market Overview

UPDATE: Citigroup Maintains Infinera at Neutral Following Analyst Day

Share:
Related INFN
Jim Strugger's Infinera Trade
Deutsche Bank Downgrades F5 Networks, But Sees Little Risk For Juniper, Akamai And Others
Infinera's (INFN) CEO Tom Fallon on Q4 2015 Results - Earnings Call Transcript (Seeking Alpha)

Citigroup reiterated its Neutral/High Risk rating on Infinera (NASDAQ: INFN) with a $6 price target.

Citigroup said, "Infinera hosted a well-attended Analyst Day in New York on 6-Dec-2012. The company walked through the advantages (from both a customer point of view as well as for INFN's longer-term financial model) of its PIC-based architecture and laid out the large and growing opportunities in the 100G market, highlighted by new DTN-X customer appearance. While we continue to believe INFN has a unique, differentiated technology and business model, we did not glean any incremental intermediate-term catalysts."

Infinera closed at $8.24 on Thursday.

Latest Ratings for INFN

DateFirmActionFromTo
Feb 2016Deutsche BankMaintainsBuy
Feb 2016Stifel NicolausMaintainsBuy
Jan 2016CitigroupInitiates Coverage onBuy

View More Analyst Ratings for INFN
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Reiteration Intraday Update Analyst Ratings

 

Related Articles (INFN)

View Comments and Join the Discussion!

Get Benzinga's Newsletters