Goldman upgrades Infinera (INFN +4%) to Neutral, leading shares to close in on their YTD highs....

|About: Infinera Corporation (INFN)|By:, SA News Editor
Goldman upgrades Infinera (INFN +4%) to Neutral, leading shares to close in on their YTD highs. The firm cites a better-than-expected launch for Infinera's 100G DTN-X optical transmission system and a belief Q1 will represent a gross margin bottom. The firm observes Infinera has a "razor and blades" business model in which low-margin chassis shipments are followed by a high-margin line card shipments. Yesterday, Infinera announced Asian carrier Pacnet is deploying its 100G DTN-X systems to provide submarine long-haul links.