Stifel initiated coverage of Infinera (INFN) with a Buy rating and $7 price target. The firm believes that Infinera and Ciena (CIEN) are positioned well to benefit from emerging optical networking technologies and requirements. Stifel believes that Infinera gained “meaningful market share against a broader group of equipment suppliers over the past several years,” leaving it well positioned to deliver on its longer-term financial targets, the analyst tells investors.
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