These 3 Unloved Tech Stocks Are Finally Recovering [The Motley Fool]
Infinera Corporation (INFN)
Last infinera corporation earnings: 2/25 04:03 pm
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Source: The Motley Fool
These 3 Unloved Tech Stocks Are Finally Recovering Leo Sun ( TMFSunLion Sep , 09 at 0:8AM Several tech stocks have slumped Let's take a look at three stocks that fit that description -- Infinera NASDAQ:INFN JD.com NASDAQ:JD Seagate NASDAQ:STX Image source: Getty Images. . Infinera: an unloved optical systems maker Infinera sells wave division multiplexing (WDM) systems, which enable service providers to boost the capacity of their networks without laying down additional fiber. That's why it was once considered an ideal play on the "super cycle" in-network upgrades, which support the growth of cloud and streaming services. However, Infinera generated most of its revenue from long-haul WDM systems instead of shorter-range WDM systems for the metro and data center interconnect (DCI) markets. Many service providers prioritized those shorter-distance upgrades, causing Infinera's double-digit sales growth in the first half of 08 to fade to the single digits. Infinera subsequently acquired C
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INFN
News
- Infinera Co. (NASDAQ: INFN) was downgraded by analysts at B. Riley from a "strong-buy" rating to a "hold" rating.MarketBeat
- Infinera Co. (NASDAQ: INFN) had its "neutral" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $6.65 price target on the stock.MarketBeat
- Infinera Corporation Reports Third Quarter 2024 Financial ResultsGlobeNewswire
- Infinera Co. (NASDAQ: INFN) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Why Nokia Fell After Posting Q3 2024 Earnings (Rating Downgrade) [Seeking Alpha]Seeking Alpha
INFN
Earnings
- 5/14/24 - Miss
INFN
Sec Filings
- 11/13/24 - Form SCHEDULE
- 11/6/24 - Form SCHEDULE
- 11/5/24 - Form 10-Q
- INFN's page on the SEC website