3.2000 0.00 (0.00%)
After hours: 5:53PM EDT
|Bid||3.1400 x 27000|
|Ask||3.2400 x 28000|
|Day's Range||2.8800 - 3.2350|
|52 Week Range||2.8000 - 9.9400|
|Beta (3Y Monthly)||0.58|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Cisco Systems Inc. is spending $2.6 billion to buy Acacia Communications Inc. a 380-person Massachusetts company that sells equipment designed to speed up the transmission of data between data centers. Cisco will pay $70 per share in cash for Acacia, which ended the trading day Monday at $48.06. Cisco shares closed up less than 1 percent.
Juniper Networks Inc. shares are off more than 3% in premarket trading Monday after Citi Research analyst Jim Suva downgraded the stock to sell from neutral. "We have picked up recent competitive share gains by Arista and Cisco and this sets up for more share loss to Juniper and too lofty 2H expectations," he wrote. "We do not have any financial cash flow or going concern issues but simply believe the stock price will trade lower as our indications become reality in the months ahead." Suva is also worried about Infinera Corp. due to its share losses and muddied organic growth rates following a recent acquisition. Juniper shares are up 1.7% so far this year, while Infinera shares have dropped 25% and the S&P 500 has gained 19%.
Anyone researching Infinera Corporation (NASDAQ:INFN) might want to consider the historical volatility of the share...
Insider Monkey finished processing more than 738 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2019. What do these smart investors think about Infinera Corp. (NASDAQ:INFN)? Is Infinera Corp. (NASDAQ:INFN) a sound investment now? Investors who are in the know are becoming hopeful. […]
Infinera Corp NASDAQ/NGS:INFNView full report here! Summary * Bearish sentiment is moderate and increasing Bearish sentimentShort interest | NegativeShort interest is moderately high for INFN with between 10 and 15% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on May 23. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold INFN had net inflows of $720 million over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Shares of Infinera Corp. are down nearly 3% in Monday morning trading after J.P. Morgan's Samik Chatterjee downgraded the stock to underweight from neutral. The stock is nearing an all-time closing low. Shares closed at $3.03 on May 20. "We see a heightened level of near-term and medium-term risks from the much more moderate level of capex spending from cable customers, in addition to the already existing long-term risks relative to the acquisition," he wrote. Infinera acquired Coriant late last year. "The near-term risks relative to moderating cable capex will likely drive Infinera to return to profitability and cash flow generation later than currently guided to by the company, and increase the medium-term risks relative to materially underperforming stated (gross) margin targets, led by a much lower scale of revenues than anticipated at the time of the acquisition," Chatterjee said. Infinera shares have fallen 24% so far this year, as the S&P 500 has risen 10%.
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
CEO of Infinera Corp (NASDAQ:INFN) Thomas J Fallon bought 50,000 shares of INFN on 05/15/2019 at an average price of $3.32 a share.
The Trump administration is deeply concerned about China's drive to unseat the United States as the primary developer and supplier of high-tech products.
During a down day for tech stocks, some names across the industry are getting especially crunched after delivering disappointing earnings reports.
Infinera (INFN) delivered earnings and revenue surprises of 14.81% and -5.97%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
SUNNYVALE, Calif. (AP) _ Infinera Corp. (INFN) on Wednesday reported a loss of $121.6 million in its first quarter. On a per-share basis, the Sunnyvale, California-based company said it had a loss of 69 cents. The results exceeded Wall Street expectations.