|Bid||6.15 x 1100|
|Ask||6.40 x 900|
|Day's Range||5.99 - 6.38|
|52 Week Range||5.65 - 12.39|
|Beta (3Y Monthly)||-0.30|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.06|
Ciena is the IBD Stock Of The Day as the company's relative strength gains amid continued pressure on technology stocks. Analysts expect Ciena stock to get an earnings boost from the settlement of 2018 convertible debt as well as a share repurchase program.
SUNNYVALE, Calif., Oct. 15, 2018 -- Infinera Corporation today announced that it will release its financial results for the third quarter of fiscal 2018 ended September 29,.
NEW YORK, Oct. 15, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Infinera, provider of Intelligent Transport Networks, announced that Aloo Telecom (Aloo), one of the largest telecommunications groups in Brazil, deployed the Infinera Cloud Xpress and Infinera DTN-X to address increasing bandwidth demand on its long-haul and data center interconnect networks. Aloo serves more than 3,000 private and public-sector clients including cloud operators, internet content providers and service providers across 14 Brazilian states. As demand for capacity on Aloo's network grows, the Infinera Cloud Xpress and DTN-X with Instant Bandwidth allow Aloo to activate additional capacity in minutes and pay for the capacity as it is activated, reducing the initial cost of deployment while increasing Aloo’s competitive edge in the market.
Infinera, provider of Intelligent Transport Networks, announced the appointment of David Heard as chief operating officer (COO), effective October 1, 2018. Heard is responsible for leading the integration of Coriant, the innovation of new solutions and the overall operation of the company. “As an accomplished and trusted leader, David is uniquely qualified to drive operational excellence across the organization and accelerate Infinera’s industry leadership as we scale to address the next wave of global spending,” said Tom Fallon, Infinera CEO. Heard joined Infinera in June 2017 to lead the company’s product and solutions team and served as senior vice president and general manager.
SUNNYVALE, Calif., Oct. 08, 2018 -- Infinera, provider of Intelligent Transport Networks, and TalkTalk Telecom Group PLC, the UK’s leading value for money consumer and B2B.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on September 28. Index (PMI) data, output in the Technology sector is rising.
NEW YORK, NY / ACCESSWIRE / October 2, 2018 / U.S. equities were mixed on Monday after the U.S. and Canada agreed to revise the current North American Free Trade Agreement. The Dow Jones Industrial Average ...
Infinera, provider of Intelligent Transport Networks, announces the closing of its acquisition of Coriant, a privately held global supplier of open network solutions for the largest global network operators. The acquisition positions Infinera as one of the largest vertically integrated optical network equipment providers in the world. The closing was pursuant to the terms of the definitive unit purchase agreement previously announced by Infinera on July 23, 2018. In connection with the purchase of Coriant, Infinera issued 20,975,384 shares of its common stock and will pay an aggregate amount of cash consideration consisting of approximately $230 million, of which approximately $154 million was paid upon closing.
Infinera Corp. on Monday responded to an MKM analyst report from earlier in the day, which suggested that the company was close to losing its largest customer, CenturyLink Inc. , to Ciena Corp. . "Subsequent to the publication of this analyst report, Infinera confirmed with CenturyLink executive management that a final decision has not been made," Infinera said in a release. The release also commented on the company's planned acquisition of Coriant, for which Infinera was issuing about 21 million shares. The MKM analyst, who downgraded the stock to sell, speculated that Infinera would have to issue 27.4 million new shares for the acquisition given that its stock price has dropped since the deal announcement, but Infinera clarified that "per terms of the agreement, the number of shares issued upon close is fixed at 20,975,384 million shares." Infinera shares are down 17% in Monday trading, and they're off 32% over the past 12 months. The S&P 500 has gained 16% in that time.
SUNNYVALE, Calif., Oct. 01, 2018 -- Infinera, provider of Intelligent Transport Networks, issued the following comments regarding a report addressing the details of its pending.
Shares of Infinera Corp. are down 14.4% in Monday morning trading after MKM Research analyst Michael Genovese downgraded the stock to sell from hold. "According to our checks, Ciena is nearly over the finish line in taking Infinera's largest customer, CenturyLink , away," Genovese wrote. His checks determined that the customer is "likely to switch because of concerns with Infinera's ability to produce new leading edge DSPs (digital signal processors) every 18 to 30 months." He thinks there's a greater than 90% chance that CenturyLink switches to Ciena. Infinera didn't immediately respond to a MarketWatch request for comment. A CenturyLink spokeswoman said that the company doesn't comment on rumors or speculation. Ciena declined to comment. Infinera shares are down 29% over the past 12 months. The S&P 500 has gained 17% in that time.
SINGAPORE, Sept. 26, 2018-- Infinera, provider of Intelligent Transport Networks, announced the successful completion of a series of record-breaking submarine field trials over MAREA, a 6,600- kilometer ...
Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Infinera Corporation (NASDAQ:INFN) as an investment opportunity by taking the expectedRead More...
The offering was upsized from an originally announced $275 million in aggregate principal amount. Infinera expects the offering of notes to close on September 11, 2018, subject to customary closing conditions. Infinera also granted the underwriter of the notes a 30-day option to purchase up to an additional $52.5 million in aggregate principal amount of notes to cover over-allotments, if any.
The optical networking veteran is taking on $275 million of convertible debt to pay for its Coriant merger. Investors aren't loving the share dilution that might follow.
Infinera (INFN), provider of Intelligent Transport Networks, announced that it intends to offer, subject to market conditions and other considerations, $275 million aggregate principal amount of convertible senior notes due 2024 in an underwritten registered public offering. Infinera also expects to grant the underwriter of the notes a 30-day option to purchase up to an additional $41.25 million in aggregate principal amount of notes to cover over-allotments, if any. The notes will be general unsecured obligations of Infinera and will accrue interest payable semiannually in arrears and will mature on September 1, 2024, unless repurchased, redeemed or converted in accordance with their terms prior to such date.
SUNNYVALE, Calif., Aug. 27, 2018-- Infinera Corporation, provider of Intelligent Transport Networks, announced that it will participate in the following upcoming webcasted investor conference:. Citi 2018 ...