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Fly News Breaks for November 7, 2018
INFN
Nov 7, 2018 | 05:44 EDT
Piper Jaffray analyst Troy Jensen lowered his price target for Infinera to $6.50 saying the company reported Q3 results below consensus due to the timing of some deployments slipping into Q4. The analyst, however, is encouraged by the "continued traction" Infinera's product refresh is creating, including the ICE4/5 and XTM II products. Nonetheless, Jensen says the integration risks associated with acquiring Coriant are significant and keep him on the sidelines with a Neutral rating.
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