Stifel analyst John Marchetti said confusion around Q3 messaging caused volatility in Infinera shares yesterday, but he notes that management confirmed that there is no change to their Q3 outlook during his meetings with the team. Management did indicate they may see some orders slip in Q3 associated with the company's SAP implementation, and he came away believing there may be some "modest risk" to Q3 estimates, but Marchetti added that he expects full-year estimates remain on track. Discussing 2020 growth, the company highlighted several different market verticals where they have ongoing trials, said Marcetti, who continues to be incrementally more positive toward shares. However, he awaits evidence of accelerating product adoption to turn more positive with his rating and he maintains a Hold on Infinera with a $6 price target.