Infinera Stock Pops On Goldman Sachs Upgrade
Infinera (INFN) stock jumped Wednesday after Goldman Sachs upgraded the fiber-optic parts maker to a buy rating on views that the fiber-optics company’s telecom customers will upgrade networks to 100 gigabit-per-second technology. Shares of Sunnyvale, Calif.-based Infinera were up 11% in afternoon trading in the stock market today. The stock is about even this year with today’s gain. Goldman analyst Simona Jankowski forecasts better profit margins