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Technology Stocks : Infinera

INFN 6.640

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Feb 28 4:00 PM EST

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To: FJB who wrote (3558)	5/9/2018 3:14:15 PM
From: FJB	of 4443

snip: lightreading.com ZTE's customers, which include some of the world's biggest service providers outside the US market, will also be unnerved by the latest developments. "We use ZTE in Malaysia, Pakistan and Hungary and we are following the situation closely," said Sigve Brekke, the CEO of Norway's Telenor ASA(Nasdaq: TELN), when asked about ZTE during a recent earnings call. "This is something we have been following for the last one and a half years since the first order came out. I cannot comment more than that." (See Telenor's Cost-Cutting Focus Rattles Investors.) ZTE's rivals in the network equipment market may see an opportunity in the Chinese vendor's misfortune, however. Michael Genovese, an analyst with MKM Partners, says Finland's Nokia Corp. (NYSE: NOK) and optical equipment specialists Ciena Corp. (NYSE: CIEN) and Infinera Corp. (Nasdaq: INFN) could stand to gain at ZTE's expense. "We think Nokia has a great opportunity to gain share from ZTE in China and outside of China," he wrote in a recent note. "Ciena and Infinera will also likely gain some share from ZTE outside of China."

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