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Technology Stocks : Infinera
INFN 6.6400.0%Feb 28 4:00 PM EST

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To: SkyBot who wrote (3711)7/23/2018 7:17:05 PM
From: FJB   of 4443
 
Looks highly positive. Doubles their revenue, immediately accretive in 2019. More than doubles their customer reach...

Overall, the acquisition will approximately double Infinera’s revenue and expands the company’s customer base. Post closing, the company will serve 9 of the top 10 global network operators (five of which will be new to Infinera) and the top six global internet content providers (three new to Infinera). The Infinera expects the new assets to prove “substantially accretive” in 2019, based on $100 million of identified cost savings in both cost of goods sold and operating expenses. The company predicts total cost synergies of $250 million through 2021.
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