Infinera Stock Pops After Q3 Beat, Raised Outlook
Infinera stock soared to a more than six-year high Thursday after the fiber-optics parts maker posted Q3 earnings late Wednesday that blew past estimates and raised its Q4 guidance. Sunnyvale, Calif.-based Infinera (INFN) saw its stock rise 25% in midday trading on the stock market today, near 13.50, its highest price since June 2008. IBD’s Telecom Fiber-Optics industry group — which also includes Applied Optoelectronics (AAOI), JDS Uniphase