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Fly News Breaks for December 16, 2019
Dec 16, 2019 | 08:44 EDT
Needham analyst Alex Henderson raised his price target on Infinera to $10 and kept his Strong Buy rating, saying the commentary from Cignal AI market research suggests that the company has started showing its 800G DSP technology to industry analysts and likely customers. The analyst notes that Infinera likely had "highly successful results" and is showing off the product to "get quotes to announce it." Henderson adds that the company management was "unusually upbeat and confident" in their recent meetings.
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