Equities research analysts at Soleil Securities reiterated a “buy” rating on shares of Infinera Corp (NASDAQ: INFN) to $13.50 in a research note to investors on Monday.
Infinera Corporation (Infinera) is a provider of optical networking systems based on Photonic Integration technology. It provides products across the entire range of multi-wavelength optical communications applications, from metro access and metro core through long-haul and submarine transmission. Over 60 customers, including national and multi-national telecom carriers, cable television operators and Internet content providers use its products in their fiber optic backbone networks. Infinera’s photonic integrated circuit (PICs) transmit and receive 100 gigabits per second of optical capacity and incorporate the functionality of over 60 discrete optical devices into a pair of indium phosphide chips approximately the size of a child’s fingernail. It uses these PICs in its optical telecom system, the Digital Transport Node System (DTN System). As of December 26, 2009, Infinera had sold its DTN Systems and ATN Systems for deployment in the optical networks of 69 customers worldwide.
Shares of INFN traded down 0.25% during mid-day trading on Monday.
