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Fly News Breaks for November 7, 2018
INFN
Nov 7, 2018 | 06:14 EDT
Nomura Instinet analyst Jeffrey Kvaal downgraded Infinera to Neutral and lowered his price target for the shares to $6 from $12. The company's "soft" Q3 revenue and Q4 guidance show that the ICE4 cycle has not brought an organic recovery and the Coriant deal is starting out well behind plan, Kvaal tells investors in a post-earnings research note.
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