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Infinera Corp. engages in the provision of optical transport networking equipment, software, and services to telecommunications carriers. Its products include long-haul and subsea, metro networks, data center interconnect, and software. Read More The company was founded by David F. Welch, Drew Daniel Perkins, and Jagdeep Singh in December 2000, and is headquartered in Sunnyvale, CA.
52 Week High
52 Week Low
Infinera Disappoints Again
Investors should avoid the stock for now and remain on the sidelines until the company starts to turn things around. Depending on its sales mix, the company could actually see its gross margins fall to sub-30% levels by the end of FY19. Infinera (INFN) reported its Q1 results last week. Its revenue came in lower than the Street’s estimates and its management’s own guidance, which led to its shares crashing down by 16.3% on its earnings day. But the company’s problems aren’t limited to its one-time sales f...
Yahoo FinanceMay 16
Infinera Corp CEO Thomas J Fallon Bought $166,000 of Shares
- By insider CEO of Infinera Corp (INFN) Thomas J Fallon bought 50,000 shares of INFN on 05/15/2019 at an average price of $3.32 a share. The total cost of this purchase was $166,000. Infinera Corp is an optical transport networking equipment provider. The company serves telecommunications service providers, Internet content providers, cable providers, research and education institutions, and government entities. Infinera Corp has a market cap of $590.240 million; its shares were traded at around $3.3...
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