5.14 0.00 (0.00%)
Pre-Market: 8:53AM EDT
|Bid||5.11 x 1800|
|Ask||5.24 x 28000|
|Day's Range||5.00 - 5.20|
|52 Week Range||2.80 - 9.54|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.89|
SUNNYVALE, Calif., Aug. 21, 2019 -- Infinera (NASDAQ: INFN) announced today that it will participate in the following investor conferences: Jefferies 2019 Semiconductor,.
The company's numbers in its latest report weren't great in absolute terms, but the pipeline continues to grow and management believes that it's on pace to return to profitability by the end of the year.
Infinera (INFN) delivered earnings and revenue surprises of 17.24% and -1.18%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
SUNNYVALE, Calif., Aug. 07, 2019 -- Infinera Corporation, provider of Intelligent Transport Networks, today released financial results for its second quarter ended June 29,.
Infinera Corporation (NASDAQ:INFN) shareholders should be happy to see the share price up 24% in the last month. But...
Most Cisco Systems (NASDAQ:CSCO) shareholders apparently cheered Cisco's acquisition of optical communication technology company Acacia Communications (NASDAQ:ACIA), as the already-overbought Cisco stock rose following the announcement of the deal. It's possible that many of those investors, however, don't fully understand the significance of the transaction.Source: Shutterstock The networking giant will bolster the breadth and depth of its fiber optic tech portfolio by officially making Acacia, which was already a CSCO supplier, part of the Cisco family.It's a development that merits a look beyond simple explanations, though, even for the non-tech layperson who happens to hold Cisco stock. Although the deal won't immediately boost Cisco stock price, the transaction sets the stage for Cisco stock to rally beginning in 2020.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Another Smart DealCisco CEO Chuck Robbins has made clear since he took the helm in 2015 that Cisco would use what's now a $35 billion war chest to invest in bolt-on businesses. And that's what he's been doing. Shortly before the $2.6 billion offer was made to Acacia, Cisco announced its intent to acquire Sentryo. In January, it bought Singularity Networks. In 2018, Cisco acquired six companies.The Acacia deal is another big step down a mostly-underestimated path that Cisco is already traveling, though. With Acacia, CSCO now has something it can offer network operators that will have to use fiber optic solutions to handle the massive data loads which the advent of 5G connections will create.In short, Acacia's wares, known as coherent optical interconnect products, facilitate so-called long-haul optical communications that can travel thousands of miles.Acacia's products are the perfect complement to Cisco's large-scale networking portfolio, though they also bolster the "inside the data center" optical networking technology that CSCO obtained through last year's acquisition of Luxtera. Coherent Technology Is the Inevitable FutureCoherent technology is a vague term used to describe using light-based signals to communicate at 100G speeds (and beyond) for long, long distances.Cisco didn't invent it, exactly. Arguably, it was smaller rival Ciena (NYSE:CIEN) that laid the ground work for long-distance fiber optic communications a decade ago. Ciena hasn't been able to commercialize the technology the way Cisco appears it will be able to, however.5G wireless speeds are set to effectively be three to four times faster than 4G connections, though in practical theory, they could be ten or twenty times faster. That makes 5G a potential alternative to wire-based internet communications.For perspective, Cisco forecasts that global coherent traffic will reach 13.2 exabytes per day in 2022, up from 4.1 exabytes per day in 2017. 5G devices will spur much of that new traffic.The catch is that radio signals can only travel so far, and cross-country communications can't be handled by radio. They have to be carried by a physical line at least some of the way. Fiber optics, or optical networking, are the only way to do that. And to make optical networking feasible, many 100G-capable fiber optic lines will have to be laid down. That, of course, is where Cisco's coherent technology will come in. Looking Ahead for Cisco StockThe coherent optical technology hardware market is expected to be worth $70 billion by 2026, according to Acumen Research and Consulting. That's more revenue than Cisco produced over the course of the past four reported quarters, pointing to a tremendous growth opportunity and a huge potential positive catalyst for Cisco stock.Current and prospective owners of Cisco stock may not want to celebrate just yet, however. Other players are gunning for a piece of that market. The aforementioned Ciena is one of them. NeoPhotonics (NYSE:NPTN) is another. Infinera (NASDAQ:INFN) is still another.Only a handful of players can offer a soup-to-nuts solution, though.Jimmy Yu, vice president and industry analyst for the Optical Transport program with Dell'Oro Group, explains: "Once Cisco concludes this acquisition, four optical system vendors will have in-house capability for developing and producing the key components for coherent line cards. The four system vendors are Cisco, Ciena, Huawei, and Infinera."Of the four, Cisco stands out as the one most operators are willing to bet will be around and available into the future, with the least risk of running into political turbulence. That's good news for CSCO and Cisco stock price.The 5G-driven growth of Cisco's coherent technology arm may not materialize until next year, but given its potential, Cisco stock could plausibly start to reflect that opportunity this year.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks Under $10 * 8 Monthly Dividend Stocks to Buy for Consistent Income * 7 Disruptive Biotech Stocks to Buy for 2025 The post What the Acacia Acquisition Means for Cisco Stock appeared first on InvestorPlace.
SUNNYVALE, Calif., Aug. 01, 2019 -- Infinera (NASDAQ: INFN) announced today the appointment of Nancy Erba as Senior Vice President, Strategic Finance, effective immediately,.
Infinera (INFN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SUNNYVALE, Calif., July 15, 2019 -- Infinera (NASDAQ: INFN) announced today that it will release its financial results for the second quarter of fiscal 2019 ended June 30, 2019.
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.
SUNNYVALE, Calif., July 08, 2019 -- Infinera (NASDAQ: INFN) announced today that it will host an investor webcast on Wednesday, July 17, 2019 at 11:00 a.m. ET. During the.
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%.
SUNNYVALE, Calif., June 27, 2019 -- Infinera (NASDAQ: INFN) announced today that Sparkle is deploying Infinera’s XT-3600 for its Nibble Network, a new ultra-long-haul photonic.
Anyone researching Infinera Corporation (NASDAQ:INFN) might want to consider the historical volatility of the share...
SUNNYVALE, Calif., June 21, 2019 -- Infinera (NASDAQ: INFN) announced today that Leaseweb, a leading provider of hosting and cloud services, completed the successful.