Tag Archives: infn

Infinera Stock Starts Recovery After Q3 Earnings Beat

After sliding in recent weeks, Infinera (INFN) stock started to mount a comeback Wednesday in the wake of third-quarter results in which earnings doubled from the year-earlier quarter and revenue jumped by a third. Shares of the fiber-optics networking gear maker gapped up, gaining more than 14% at one point. Infinera stock was up 13%, near 20.50, in afternoon trading on the stock market today. Infinera shares touched an eight-year high of 25.25

How Infinera Can Take On Ciena, Huawei In Networking

Infinera (INFN) has the potential to challenge several rivals, including Ciena (CIEN), for a bigger piece of the fiber optics networking equipment market. That’s the conclusion from Brian Modoff, an analyst for Deutsche Bank, who opened coverage on the company Tuesday with a buy rating, citing its potential to grow in the cloud; its work helping telecoms adopt 100 gigabit ethernet bandwidth speeds on their networks; and data center interconnection

Nokia Move Could Spur Acquisitions Of Ciena, Infinera

Ciena (CIEN) and Infinera are likely acquisition targets, says an analyst responding to Nokia’s announcement that it will buy Alcatel-Lucent for about $16.6 billion. In a research report Wednesday, Catharine Trebnick, an analyst for Dougherty & Co., said Nokia’s push to boost its telecom equipment business could provide reason for rival Ericsson (ERIC) to acquire Ciena, Infinera (INFN) or both. Both companies are leaders in the fiber optics