Why Infinera Corp. Stock Fell 13.5% in November
Shares of Infinera (NASDAQ: INFN) fell 13.5% in November 2017, according to data from S&P Global Market Intelligence. A solid third-quarter earnings report was paired with weak forward guidance and an unexpected restructuring of the company, and that was the final straw for some investors.
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The maker of fiber-optic networking equipment for data centers and long-haul infrastructure connections saw third-quarter sales rising 4% year over year, landing at $193 million. Adjusted net losses stopped at $0.11 per diluted share, down from positive earnings of $0.05 per share in the year-ago period. Both of these results were ahead of Wall Street's projections.
Source: Fool.com
Infinera Corp. Stock
€5.40
-0.920%
We see a rather positive sentiment for Infinera Corp. with 9 Buy predictions and 1 Sell predictions.
As a result the target price of 7 € shows a positive potential of 29.63% compared to the current price of 5.4 € for Infinera Corp..
