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Fly News Breaks for January 2, 2020
INFN
Jan 2, 2020 | 09:13 EDT
Needham analyst Alex Henderson raised his price target on Infinera to $12 and kept his Strong Buy rating, calling the stock his "Single Best Idea in Optical" in 2020 in spite of its strong performance in 2019. The analyst notes that the company's 800G digital signal processor is "running smoothly" in concert with its "industry-leading" multi-laser/receiver PIC. Henderson adds that Infinera's orders should accelerate as the company is set to launch a full line of advanced products with this technology at the Optical Networking and Communication Conference, or OFC, in March.
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