Infinera Tumbles on Downbeat Guidance, but the Bottom Might Finally Be in Sight
Infinera (NASDAQ: INFN), a provider of optical equipment, reported its second-quarter results on August 3rd. Management had previously warned investors that its headline numbers were going to remain weak as its revenue and margins were expected to remain under pressure. As a result, the company was expecting to post yet another quarterly loss.
How did the company's actual results shake out and what does the future hold for the company? Let's put Infinera's earnings report under the microscope to find out.
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Source: Fool.com
Infinera Corp. Stock
€4.96
-8.150%
We see a rather positive sentiment for Infinera Corp. with 9 Buy predictions and 1 Sell predictions.
As a result the target price of 7 € shows a positive potential of 41.13% compared to the current price of 4.96 € for Infinera Corp..
