Infinera: Long-Haul Still Weak, and Metro Far Away, Says MKM

Tech Trader Daily
By Tiernan RayJan 11, 2017, 11:08 am174 pts
Shares of fiber optics equipment supplier Infinera (INFN) are up 21 cents, or 2.5%, at $8.74, as MKM Partners’s Michael Genovese reiterates a Neutral rating on the stock, and an $8 price target, writing that he has a “cautious bias” about the company’s Q4 earnings report, given that the “long haul…

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