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Fly News Breaks for February 8, 2018
INFN
Feb 8, 2018 | 09:39 EDT
As previously reported, Northland analyst Tim Savageaux upgraded Infinera to Outperform from Market Perform, with $11 price target, saying that the better than expected Q4 report outlook demonstrated both a broadening customer base, with strength in Cable and Cloud, and benefits from a recent flood of new products. The analyst believes the next step is translating that into meaningful earnings power versus current losses. Savageaux sees potential for 2H18 upside and a return toward previously demonstrated EPS power.
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