Infinera (INFN) PT Raised to $16 at Needham & Company

Needham & Company reiterated a Buy rating on Infinera Corp. (NASDAQ: INFN) and raised its price target from $12 to $16.

"We believe Infinera continues to see strong and strengthening demand for its 100G," analyst Alex Henderson comments. "We think they have won at least 2-3 new customers in the quarter and we think their lead book is the strongest in the company's history. We also think they are seeing larger and more strategic deals."

For an analyst ratings summary and ratings history on Infinera Corp. click here. For more ratings news on Infinera Corp. click here.

Shares of Infinera Corp. closed at $11.97 yesterday.

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