Rosenblatt cuts Infinera target on 'troubling' print

|About: Infinera Corporation (INFN)|By:, SA News Editor

Rosenblatt analyst Ryan Koontz cites Infinera's (NASDAQ:INFN) earnings print with downside revenue, weak guidance, and the abrupt resignation of CFO Brad Fuller, who will leave no later than the end of Q3.

Koontz: "On the heels of a string of disappointments and a risk-filled merger, the viability of INFN as an entity now falls into question."

Rosenblatt has INFN at a Neutral rating with a PT cut from $6 to $4.

INFN shares are down 12% pre-market to $3.89.

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