BUZZ-Infinera Corp: Q3 results beat Street

jueves 23 de octubre de 2014 10:47 GYT
 

** Network gear maker's shares up 24 pct at 6-yr high of $13.15; biggest gainer on the Nasdaq

** More than 9 million shares changed hands by 10:40 a.m. ET, about 5 times their 10-day moving average

** Reports better-than-expected Q3 earnings and revenue; guides Q4 revenue above analysts' estimate

** JP Morgan raises price target to $15 from $13, Goldman Sachs to $14 from $13

** Stock has a median price target of $14.75 - Thomson Reuters

** Up to Wednesday's close, stock had risen about 8.5 pct this year