Tag Archives: infn

Infinera To Buy Swedish Firm For Next-Gen Broadband

Infinera (INFN) is reaching offshore to boost its telecom fiber-optics business. The company late Wednesday said that it plans to acquire Transmode, a Sweden-based leader in metro packet-optical networking, for about $350 million. Infinera will provide about $96 million in cash and will issue 13 million new Infinera shares to Transmode shareholders. Following the transaction, Transmode shareholders will own 8.7% of the combined company. As of Dec.

Infinera Climbs To Seven-Year High Guidance, EPS Beat

Infinera (INFN) stock soared to a seven-year high Friday after the fiber-optics supplier late Thursday raised its guidance and posted Q4 earnings that beat views. Infinera stock was up more than 17%, near 17, in early afternoon trading on the stock market today. The stock is up more than 70% this year and has a high IBD Accumulation/Distribution score of A-, indicating heavy institutional buying. Fellow fiber-optics companies JDS Uniphase (JDSU)

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