UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Infinera Corp. on Solid Q4 Results

In a report published Wednesday, Jefferies reiterated its Buy rating on Infinera Corp.

, and slightly raised its price target from $8.50 to $9.00. Jefferies noted, “Infinera's Q4 results and guidance were in-line with Street expectations. Most importantly, DTN-X adoption remains impressive and the product cycle is gaining traction faster than expected.” Infinera Corp. closed on Tuesday at $7.51.