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Fly News Breaks for October 1, 2019
INFN
Oct 1, 2019 | 08:25 EDT
MKM Partners analyst Michael Genovese raised his price target on Infinera to $7 and kept his Buy rating to reflect the company's strong order trends along with the management's commitment to profitability and positive free cash flows by Q4. The analyst believes that Infinera offers a strong technology product roadmap that includes 200G, 600G, 800G platforms and XR pluggableOptics. Genovese is also speculating that the company may be an "attractive" acquisition target for an Optical components or a Data Networking company.
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