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INFN

Infinera

$5.32

-0.16 (-2.92%)

14:43
09/11/19
09/11
14:43
09/11/19
14:43

Infinera weakness on speculation of Q3 miss unwarranted, says B. Riley FBR

B. Riley FBR analyst Dave Kang noted that shares of Infinera saw a 14% intraday reversal to go from positive to negative, which he believes was due to speculation the company will miss Q3 EPS expectations due to higher than expected expenses and orders that aren't better than expected. He checked with the company, which denied making comments about higher than expected expenses, and he believes today's weakness is unwarranted. Kang, who sees the company tracking to expectations with strong order activities, recommends using the weakness as a buying opportunity and reiterate his Buy rating on the stock.

INFN Infinera
$5.32

-0.16 (-2.92%)

08/08/19
GSCO
08/08/19
UPGRADE
Target $6.8
GSCO
Buy
Goldman Sachs says Infinera at turning point, upgrades to Buy
As previously reported, Goldman Sachs analyst Rod Hall upgraded Infinera to Buy from Neutral after the company showed signs of stabilizing revenue following several quarters of deterioration. The analyst, who now thinks the company can achieve neutral cashflow by the end of the year, raised his price target on the stock to $6.80 from $3.80 using a multiple he said could be "conservative." While Infinera is not "completely out of the woods," Hall thinks it has reached a turning point that "merits a better valuation," he tells investors.
08/15/19
RILY
08/15/19
NO CHANGE
RILY
Buy
Infinera should be bought on any Cisco-related selloff, says B. Riley FBR
Cisco Systems (CSCO) may have further spooked investors last night with a soft outlook for the October quarter, but most of the weakness was in India and China, B. Riley FBR analyst Dave Kang tells investors in a research note. The Chinese weakness is irrelevant to Ciena (CIEN) and Infinera (INFN) since both companies have no presence in the Chinese market, adds the analyst. However, he points out that India accounts for 10% of Ciena's sales. As such, Kang is "incrementally concerned" about Ciena. India is negligible for Infinera, he notes. The analyst recommends taking advantage of any weakness in Infinera following Cisco's quarter.
08/20/19
PIPR
08/20/19
NO CHANGE
Target $64
PIPR
Overweight
Fabrinet price target lowered to $64 from $69 at Piper Jaffray
Piper Jaffray analyst Troy Jensen lowered his price target on Fabrinet (FN) to $64 after its below-consensus Q1 outlook related to concerns about the industrial laser market remaining weak. The analyst also points to the Huawei ban hampering sales for component supplies. Jensen still keeps his Overweight rating, stating that Fabrinet remains "one of the better ways to play the optical market" and forecasting more sustained strength in Telco optics and a ramp in Infinera (INFN) sales.
09/11/19
RILY
09/11/19
NO CHANGE
Target $6.5
RILY
Buy
Infinera selloff today a buying opportunity, says B. Riley FBR
B. Riley FBR analyst Dave Kang recommends using the intraday weakness today in shares of Infinera as a buying opportunity. He reiterates a Buy rating on the stock with a $6.50 price target.

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