Infinera Corporation (NASDAQ: INFN) yesterday reported Q4 revenue of $128 million, slightly ahead of estimates. EPS came in at ($0.06) topping estimates by a penny. Guidance was in-line with consensus at $115 to $125 million revenue, with EPS of ($0.05) to ($0.09).
Responding to the results, MKM analysts said they believe the company's execution, as evidenced by their likely #1 global market share in 100G DWDM, outweighs concerns about the lack of upside guidance.
MKM Partners has a Buy rating on Infinera Corp. with an updated price target of $10.00 (from $9.00).
For an analyst ratings summary and ratings history on Infinera Corp. (NASDAQ: INFN) click here. For more ratings news on Infinera Corp. click here.
Shares of Infinera Corp. closed at $7.51 yesterday, with a 52 week range of $4.33-$8.60.