We are down over $4 a share since the close on 4/27/16 because we simply guided a little lower then had been projected. That is certainly no slow bleed to flat. That is a blood bath.
We may see $9 before we see $15 again. An amazing deterioration of a stock based on a slight guidance miss. There's got to more to it then that. Has me wondering that INFN must have been totally overpriced during the last 12 months. Crazy!!!
You mean while wait for an up day. INFN is a stuck in the mud stock right now.
Clarify all you want. Bottom line INFN is a very toxic stock right now. It's going to take a whole lot of positive results going forward to get this stock above $15 again. I still can't believe that a slight miss on Q2 guidance brought this stock down 25%. What a #$%$ week this has been.
I agree. Unfortunately the street doesn't. Today was ugly. The only good thing about today is it's over. Tomorrow is a new day. We can only hope for the best moving forward.
we (INFN) got destroyed today...no doubt. However if you consider the 1% growth rate predicted for CIEN in the current quarter and 6% for the year consider today's new 52 week lows for INFN a sign of things to come for CIEN. Don't throw stones when you live in a glass house.
I hear your frustration. In no possible world did I think that INFN would have been punished to this level over a slight miss in revenue and a slight beat in earnings for Q1 and that Q2 missed by less then $20M in revs. It boggles my mind and this day can not end fast enough. It's been a long time that the pain has reached this level for me personally.
Being brutally honest on their CC. Fundamentally the company is very strong, continues to make money and has outstanding products in a growing market. These all the things most people consider when investing in a stock. Is Q2 lower consensus estimates? Yes but again they are still making money. Wall street is very unforgiving and today is a great excuse to drop INFN for a while. However the same people getting out today will get back in once the dust settles. Let's see how it plays over the next few trading days. A 20%+ drop in value is simply not warranted. It is what it is for now. Hang in there longs. This too shall pass.
No doubt this is a bad time to miss on guidance for Q2 due to things INFN can not control...the timing of deployments and customer ordering patterns. However, INFN has always played things pretty conservatively so they could do better then advertised in Q2.
But short term the PPS will suffer but if you don't sell no worries. I personally wasn't planning on selling if they went up to $17-$18 So I'll just try to not look at my broker account for a while. My way of dealing with these next few quarters. The fundamentals are still there for the company and the market is still growing overall.
You really have to STOP posting until you can 1) Spell, 2) use proper grammar, 3) type, 4) use proper English
As much as I would like to see $15s tomorrow it is simply not going to happen. I am a big INFN stakeholder and believer but tomorrow will not be a good day for INFN.
How do you explain CIEN having a tough time keeping north of $17 per share. Tomorrow should see $16 for CIEN at least. Sorry pal but CIEN's sales means nothing because the stock has sunk like a rock during that time. Nice try as-hat
They really don't but you keep believing that. They have had no real growth for over 2 years.
These were Q1 deployments and most likely Q1 revenue.