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Technology Stocks : Infinera
INFN 6.6400.0%Feb 28 4:00 PM EST
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To: FJB who wrote (3982)3/11/2019 4:44:39 PM
From: FJB  Read Replies (1) of 4443
 
In regard to my confidence, in regard to the year in bookings, first of all Q4 bookings were quite good both from current customers from the Infinera side, the Coriant side and also new customers. We grew backlog fairly significantly in Q4. We also will grow backlog in Q1. A number of the orders that we received in Q4 were actually for new builds. That’s good news and bad news in the long-term it’s great news, but it takes a while to rollout some of those new builds those newbuilds will fill but we don't going to have revenue right away.

So when I look at the backlog we grew in Q4, the number of new customers we won, the number of significant new opportunities that we have won or in contract with, the growing backlog in Q1 and our pipeline of opportunities its really quite significant I'm very comfortable with that picture. And I will make one more point and it's in Brad's script.

We had a significant customer pull in from Q1 when we talked back in Q4. We looked across the horizon of Q4 and Q1 and said this is what our business profile looks like. The business profile versus what we saw in October comes out exactly the same when you add them up and it doesn't include the fact that we had a significant slip out from one of our cable customers. So if anything I'm more optimistic on the pipeline today than when I made the comment in Q4.
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