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Technology Stocks : Infinera
INFN 9.725+0.8%3:59 PM EST

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To: FUBHO who wrote (4235)7/20/2020 10:49:57 AM
From: FUBHO  Read Replies (1) of 4286

Infinera +6.6% as Needham sees opportunity in Verizon 800G testing (NASDAQ:INFN)
Jason Aycock

Infinera (NASDAQ: INFN) is up 6.6% as Needham says Verizon ( VZ -0.7%) is testing its 800G for an upgrade of its long-haul backbone.

Those deployments could start as soon as the second half of this year, analyst Alex Henderson notes, a move that would enable higher capacities needed by business customers, and anticipating much higher traffic coming from 5G.

A test is not a win, he notes, and the team believes Verizon incumbent Ciena ( CIEN -0.6%) will be first to deploy 800G in the next several months.

But Infinera has had a toehold at Verizon by supplying XO (acquired by Verizon), and it can "also find a perch" in the long-haul network, where reach is critical. "We think displacing the stumbling Nokia ( NOK +1%) footprint is likely as Nokia does not have a strong 600G product or a roadmap to 800G."

The Street's crowning of Ciena as a winner is a "false narrative," he writes: "It's not Ciena or Infinera - it's likely both."

A win here could "radically alter" investors' view of Infinera, Needham says.
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