Infinera (INFN +19%) skyrockets after its Q4 report (I, II) revealed it to be relatively immune from the capex issues hitting other telecom equipment names (I, II, III). Even mildly soft guidance (Q1 revenue of $102M-$108M and EPS of -$.10 to -$.14 vs. consensus of $102.5M and -$0.10) isn't getting in the way. Helping is an upgrade to Neutral from JPMorgan, which is encouraged by the pending arrival of Infinera's 100-gig equipment. (transcript)
Infinera (INFN +19%) skyrockets after its Q4 report (I, II) revealed it to be relatively immune...
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Symbol | Last Price | % Chg |
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INFN | - | - |
Infinera Corporation |