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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Infinera Corporation    INFN

INFINERA CORPORATION

(INFN)
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Infinera: 3Q Earnings Snapshot

11/05/2020 | 06:11pm EST

SUNNYVALE, Calif. (AP) _ Infinera Corp. (INFN) on Thursday reported a loss of $35.9 million in its third quarter.

On a per-share basis, the Sunnyvale, California-based company said it had a loss of 19 cents. Earnings, adjusted for amortization costs and stock option expense, were 2 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The communications equipment maker posted revenue of $340.2 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $336.5 million.

For the current quarter ending in December, Infinera said it expects revenue in the range of $339 million to $369 million.

Infinera shares have dropped roughly 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.15, a rise of 21% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INFN at https://www.zacks.com/ap/INFN

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Financials (USD)
Sales 2020 1 362 M - -
Net income 2020 -206 M - -
Net Debt 2020 297 M - -
P/E ratio 2020 -8,42x
Yield 2020 -
Capitalization 1 879 M 1 879 M -
EV / Sales 2020 1,60x
EV / Sales 2021 1,44x
Nbr of Employees 3 261
Free-Float 97,5%
Chart INFINERA CORPORATION
Duration : Period :
Infinera Corporation Technical Analysis Chart | INFN | US45667G1031 | MarketScreener
Technical analysis trends INFINERA CORPORATION
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 9,54 $
Last Close Price 9,73 $
Spread / Highest target 54,2%
Spread / Average Target -1,97%
Spread / Lowest Target -48,6%
EPS Revisions
Managers and Directors
NameTitle
David W. Heard Chief Executive Officer & Director
George Andrew Riedel Chairman
Nancy Erba Chief Financial Officer
Parthiban Kandappan Chief Technology Officer
Greg Greco Senior VP-Global Research & Development
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