Infinera (INFN) Tops Q3 EPS by 5c, Announces Restructuring Initiative

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Infinera Corp. (INFN) PT Lowered to $9 at Piper Jaffray Following 3Q Results

November 9, 2017 8:36 AM EST

Piper Jaffray lowered its price target on Infinera Corp. (NASDAQ: INFN) to $9.00 (from $9.50) while maintaining a Neutral rating following the company's September quarter results. Revenues of $192.6M increased 8.9% sequentially and were up 3.8% on a y/y basis. Non-GAAP EPS loss of ($0.11) was above with... More