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Stock Market & Financial Investment News

News Breaks
December 12, 2012
08:20 EDTINFNInfinera DTN platform deployed in Long Island, NY by ESnet
Infinera announced the deployment of 100 Gigabit Ethernet services on the Long Island, NY MAN portion of the U.S. Department of Energy's Energy Sciences Network, or ESnet, with the Infinera DTN Platform.
News For INFN From The Last 14 Days
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August 18, 2015
10:00 EDTINFNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abercrombie & Fitch (ANF) initiated with an Underperform at Wolfe Research... Abiomed (ABMD) initiated with a Buy at CRT Capital... Aeropostale (ARO) initiated with a Peer Perform at Wolfe Research... American Eagle (AEO) initiated with an Outperform, Top Pick at Wolfe Research... American Electric (AEP) initiated with a Buy at Mizuho... Benefitfocus (BNFT) initiated with an Overweight at First Analysis... Blue Buffalo Pet Products (BUFF) initiated with an Equal Weight at Morgan Stanley... Capitala Finance (CPTA) initiated with an Equal Weight at Stephens... Chico's (CHS) initiated with a Peer Perform at Wolfe Research... Children's Place (PLCE) initiated with an Outperform at Wolfe Research... Chimerix (CMRX) initiated with an Outperform at FBR Capital... Ciena (CIEN) initiated with a Market Perform at Northland... Crane (CR) initiated with an Outperform at William Blair... Entergy (ETR) initiated with a Neutral at Mizuho... Express (EXPR) initiated with an Outperform, Top Pick at Wolfe Research... Finisar (FNSR) initiated with a Market Perform at Northland... Francesca's (FRAN) initiated with a Peer Perform at Wolfe Research... Gap (GPS) initiated with an Underperform at Wolfe Research... Infinera (INFN) initiated with an Outperform at Northland... International Game (IGT) initiated with a Buy at Union Gaming... Juno Therapeutics (JUNO) initiated with an Outperform at FBR Capital... L Brands (LB) initiated with a Peer Perform at Wolfe Research... Luca Technologies (LUCA) initiated with an Outperform at Northland... Lumentum (LITE) initiated with an Outperform at Northland... M/A-COM (MTSI) reinstated with a Buy at Jefferies... MRV Communications (MRVC) initiated with an Outperform at Northland... Michael Kors (KORS) initiated with a Peer Perform at Wolfe Research... NN, Inc. (NNBR) initiated with a Buy at Stifel... NeoPhotonics (NPTN) initiated with an Outperform at Northland... Oclaro (OCLR) initiated with an Outperform at Northland... Scientific Games (SGMS) initiated with a Buy at Sterne Agee CRT... SolarCity (SCTY) initiated with a Neutral at UBS... Summit Materials (SUM) initiated with a Neutral at Citi... Tech Data (TECD) initiated with an Underperform at BofA/Merrill... Urban Outfitters (URBN) initiated with a Peer Perform at Wolfe Research... Zumiez (ZUMZ) initiated with an Underperform at Wolfe Research... lululemon (LULU) initiated with a Peer Perform at Wolfe Research.
06:15 EDTINFNInfinera initiated with an Outperform at Northland
Northland initiated Infinera with an Outperform and $30 price target on shares.
August 14, 2015
08:04 EDTINFNInfinera announces Transmode holders accept offer
Infinera announced that its offer to acquire Transmode has been accepted by shareholders representing approximately 95.8% of the outstanding shares and votes in Transmode. The transaction is now slated to close on or around August 20. Of the shares tendered, approximately 63% were tendered under the cash and stock mix alternative, and approximately 37% were tendered under the all-cash alternative. This will result in final consideration comprised of approximately 7.9M shares of Infinera common stock and the remainder in cash. The combination of Infinera and Transmode brings together into one company a complementary set of customers, products, and technologies. Transmode's strength in metro packet-optical applications complements Infinera's industry leading long-haul and metro Cloud solutions. The combination enables Infinera to offer an end-to-end portfolio addressing the metro aggregation market including metro core, metro edge, and metro access with solutions optimized for fast growing applications including mobile fronthaul and backhaul, broadband aggregation, and business Ethernet services with Metro Ethernet Forum, or MEF, certification.

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