Here's Why Infinera Stock Is Tanking Today
Shares of Infinera (NASDAQ: INFN) are tanking today, down 16.8% as of 1:13 p.m. EDT, after the provider of optical transmission equipment reported second-quarter earnings.
Here's a review of the key numbers from the second quarter:
While Infinera's quarterly results were mixed, investors appear to be reacting harshly to the company's guidance for the upcoming quarter:
Source: Fool.com
Infinera Corp. Stock
€5.35
0.940%
Currently there is a rather positive sentiment for Infinera Corp. with 10 Buy predictions and 3 Sell predictions.
With a target price of 6 € there is a slightly positive potential of 12.15% for Infinera Corp. compared to the current price of 5.35 €.
