Information Provided By:
Fly News Breaks for July 28, 2016
INFN
Jul 28, 2016 | 06:02 EDT
JPMorgan analyst Rod Hall downgraded Infinera to Neutral saying the company's Q3 revenue outlook missed his estimate by 31% due to lower customer spending, pricing pressure and product transition issues. The analyst cut his price target for the shares to $8.50 from $19.