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Fly News Breaks for March 19, 2018
INFN
Mar 19, 2018 | 09:34 EDT
As reported earlier, Northland analyst Tim Savageaux downgraded Infinera to Market Perform from Outperform with a price target of $11. The analyst says that despite the positive view around the need for integration between high speed optics and coherent DSPs, he is concerned with the economics of the shift at "single digit market share". Savageaux adds that a stock price advance toward his $11 target has been rapid, while the current valuation at 1.8-times revenues is "fair".
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