B. Riley maintains a Buy rating and $6.50 price target for Infinera (NASDAQ:INFN), advising investors to buy during the during the recent pullback.
Shares dropped on speculation INFN could miss Q3 EPS estimates due to higher-than-expected expenses from product transition.
The company told the firm INFN hasn't said anything about higher expenses.
Infinera shares closed today up 0.4% before dropping 0.9% after hours to $5.45.
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