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Fly News Breaks for September 18, 2017
INFN
Sep 18, 2017 | 07:54 EDT
After Infinera's stock fell to $8,37 from $25 over the last 18 months, Needham analyst Alex Henderson says that the company's margin fell from 13% to negative because 40%+ of its customers have "gone through acquisition disruptions," while Infinera has spent money on launching new products. The analyst expects the company to start rebounding significantly in 2018, as it completes the launch of its new products and demand from its customers begins to rebound. He says that the stock "looks exceptionally well positioned for value investors" and keeps a Strong Buy rating on the name.
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