Shares of Infinera (INFN +4.5%) get a pop this morning after Jefferies ups it to Buy on...


Shares of Infinera (INFN +4.5%) get a pop this morning after Jefferies ups it to Buy on valuation. The firm says the stock has been in the tank lately, and with its DTN-X generating early traction with customers, it thinks the risk/reward on the shares is very attractive. Furthermore, the stock now trades at 0.8x EV/2013 sales. This is the lowest multiple that the stock has ever traded for and near where it bottomed in early 2009.
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