U.S. markets closed
  • S&P 500

    4,128.80
    +31.63 (+0.77%)
     
  • Dow 30

    33,800.60
    +297.03 (+0.89%)
     
  • Nasdaq

    13,900.19
    +70.88 (+0.51%)
     
  • Russell 2000

    2,243.47
    +0.88 (+0.04%)
     
  • Crude Oil

    59.34
    -0.26 (-0.44%)
     
  • Gold

    1,744.10
    -14.10 (-0.80%)
     
  • Silver

    25.33
    -0.26 (-1.02%)
     
  • EUR/USD

    1.1905
    -0.0016 (-0.13%)
     
  • 10-Yr Bond

    1.6660
    +0.0340 (+2.08%)
     
  • GBP/USD

    1.3706
    -0.0029 (-0.21%)
     
  • USD/JPY

    109.6500
    +0.3860 (+0.35%)
     
  • BTC-USD

    59,687.22
    -1,318.00 (-2.16%)
     
  • CMC Crypto 200

    1,235.89
    +8.34 (+0.68%)
     
  • FTSE 100

    6,915.75
    -26.47 (-0.38%)
     
  • Nikkei 225

    29,768.06
    +59.08 (+0.20%)
     

Recap: Infinera Q4 Earnings

  • Oops!
    Something went wrong.
    Please try again later.
Benzinga Insights
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

Shares of Infinera (NASDAQ:INFN) fell after the company reported Q4 results.

Quarterly Results

Earnings per share were up 333.33% year over year to $0.13, which beat the estimate of $0.02.

Revenue of $354,417,000 decreased by 8.29% from the same period last year, which missed the estimate of $356,790,000.

Looking Ahead

Infinera Sees Q1 Sales $319M-$339M vs $332.15M Est.

Conference Call Details

Date: Feb 23, 2021

Time: 05:00 PM

View more earnings on INFN

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.infinera.com%2F&eventid=2947766&sessionid=1&key=1891621993CF0320F9B1BE49F5E6962F&regTag=&V2=false&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $11.51

52-week low: $3.68

Price action over last quarter: Up 49.55%

Company Overview

Infinera Corp is an optical transport equipment provider serving a wide range of customers, including communication services providers, Internet content providers, colocation providers, cable MSO, subsea fiber operators, and wholesale/terrestrial network operators. Geographically the company earns maximum revenue from the United States.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.