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INFN

Infinera

$6.90

0.07 (1.02%)

16:21
02/07/18
02/07
16:21
02/07/18
16:21

Infinera reports Q4 EPS (12c), consensus (13c)

Reports Q4 revenue $195.8M, consensus $190.3M. "In Q4 we made some difficult but necessary decisions to reposition the company for crisper execution and increased focus on our go to market strategy. With our full product refresh nearing completion, positive sales momentum ending the year, and a significant pipeline of opportunities, we enter 2018 with confidence that our recent positive revenue trajectory will continue," said CEO Tom Fallon.

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    Mar

INFN Infinera
$6.90

0.07 (1.02%)

11/09/17
CHLM
11/09/17
NO CHANGE
Target $10
CHLM
Buy
Infinera price target lowered to $10 from $15 at Craig-Hallum
Craig-Hallum analyst Christian Schwab lowered his price target for Infinera to $10 from $15 following quarterly results as challenging market conditions persist. The analyst reiterates a Buy rating on the shares.
11/09/17
MKMP
11/09/17
DOWNGRADE
Target $9.5
MKMP
Neutral
Infinera cut to Neutral at MKM Partners on negative customer consolidation
As reported earlier, MKM Partners analyst Michael Genovese downgraded Infinera to Neutral from Buy and lowered his price target to $9.50 from $13. Genovese says his June rating upgrade was based on expectations of revenue growth and margin expansion from an upgrade in technology platform and several product launches, but since then, the company has posted two consecutive quarters of disappointing outlook. The analyst notes that some of the drivers of lower outlook was from a weaker overall market growth and greater than expected negative impact from customer consolidation and tighter competition.
11/09/17
MKMP
11/09/17
DOWNGRADE
MKMP
Neutral
Infinera downgraded to Neutral from Buy at MKM Partners
11/06/17
GSCO
11/06/17
DOWNGRADE
Target $22
GSCO
Neutral
Finisar downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Doug Clark downgraded Finisar (FNSR) to Neutral and his Telecom Equipment coverage view to Neutral from Attractive citing a more cautious stance on the optical component cycle. The analyst sees softening end markets, rising inventories and industry capacity. For Finisar, which reports earnings in early December, Clark thinks the company's guidance has "significant downside risk" relative to consensus expectations. The analyst cut his price target for the shares to $22 from $27. Finisar closed the trading day down 15c to $19.25. Elsewhere in Telecom Equipment sector, Clark has Buy ratings on Arris (ARRS) and Infinera (INFN), Neutral ratings on Acacia Communications (ACIA), Ciena (CIEN) and Lumentum (LITE), and a Sell rating on Adtran (ADTN).

TODAY'S FREE FLY STORIES

ENIA

Enel Americas

$9.25

-0.08 (-0.86%)

19:01
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UL

Unilever; also tag UN

$54.26

0.64 (1.19%)

, UN

Unilever; also tag UL

$54.74

0.7 (1.30%)

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OAS

Oasis Petroleum

$12.01

-0.63 (-4.98%)

, OMP

Oasis Midstream Partners

$17.29

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Oasis Petroleum

$12.01

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OMP

Oasis Midstream Partners

$17.29

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1st Source

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0.13 (0.24%)

LGCY

Legacy Reserves

$6.07

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EVA

Enviva

$29.35

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CRC

California Resources

$35.03

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INSM

Insmed

$26.74

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GM

General Motors

$43.91

0.32 (0.73%)

, FCAU

Fiat Chrysler

$20.86

-0.37 (-1.74%)

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GM

General Motors

$43.91

0.32 (0.73%)

FCAU

Fiat Chrysler

$20.86

-0.37 (-1.74%)

F

Ford

$11.88

-0.01 (-0.08%)

03/08/13
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  • 20

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MSFT

Microsoft

$100.24

-1.14 (-1.12%)

, GOOGL

Alphabet Class A

$1,159.03

-1.08 (-0.09%)

16:34
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MSFT

Microsoft

$100.24

-1.14 (-1.12%)

GOOGL

Alphabet Class A

$1,159.03

-1.08 (-0.09%)

GOOG

Alphabet

$1,151.95

-0.05 (-0.00%)

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16:34
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Conference/Events
Deutsche Bank to hold a conference »

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WFC

Wells Fargo

$54.99

0.23 (0.42%)

, MS

Morgan Stanley

$51.17

-0.12 (-0.23%)

16:33
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Conference/Events
Federal Reserve Bank of New York to hold a conference »

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WFC

Wells Fargo

$54.99

0.23 (0.42%)

MS

Morgan Stanley

$51.17

-0.12 (-0.23%)

BAC

Bank of America

$29.27

-0.24 (-0.81%)

C

Citi

$66.34

0.18 (0.27%)

WBK

Westpac Banking

$20.67

0.125 (0.61%)

GS

Goldman Sachs

$232.00

-1.695 (-0.73%)

BCS

Barclays

$10.59

-0.225 (-2.08%)

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F

Ford

$11.88

-0.01 (-0.08%)

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BMY

Bristol-Myers

$54.81

1.165 (2.17%)

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PTCT

PTC Therapeutics

$37.57

-0.75 (-1.96%)

, RHHBY

Roche

$0.00

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PTC Therapeutics

$37.57

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RHHBY

Roche

$0.00

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CYTK

Cytokinetics

$9.95

0.5 (5.29%)

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PERY

Perry Ellis

$27.92

0.31 (1.12%)

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VSTM

Verastem

$6.53

0.95 (17.03%)

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  • 05

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IQ

iQIYI

$40.16

-0.44 (-1.08%)

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HD

Home Depot

$200.55

0.86 (0.43%)

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PAY

Verifone

$22.84

0.01 (0.04%)

15:28
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Verifone to host special shareholder meeting »

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CACI

CACI

$167.60

1.1 (0.66%)

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CACI to hold a webcast »

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  • 21

    Jun

ARGX

Argenx

$92.38

-3.32 (-3.47%)

14:11
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Argenx to hold a KOL breakfast symposium »

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  • 20

    Jun

PTC

PTC

$94.87

-0.46 (-0.48%)

14:06
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PTC to host analyst day »

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13:41
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Federal Reserve Bank of Atlanta president speaks at a meeting »

Atlanta Federal Reserve…

VRX

Valeant

$26.86

0.06 (0.22%)

13:31
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Breaking Conference/Events news story on Valeant »

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  • 18

    Jun

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    Aug

WMGI

Wright Medical

$25.83

-0.26 (-1.00%)

13:27
06/17/18
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13:27
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Conference/Events
Wright Medical management to meet with Leerink »

Meeting to be held on…

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