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.
Now read: Compass Point hits Redfin sidelines »
Subscribe for full text news in your inbox