Infinera Message Board - Msg: 32181607

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Infinera

INFN 6.640

0.0%

Feb 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: FJB	6/3/2019 11:54:57 AM
	of 4443

They talked about lower cable spending in the last call a month ago, so he downgrades at an all-time low... ---------------------------------------------------------------- Shares of Infinera Corp. are down nearly 3% in Monday morning trading after J.P. Morgan's Samik Chatterjee downgraded the stock to underweight from neutral. The stock is nearing an all-time closing low. Shares closed at $3.03 on May 20. "We see a heightened level of near-term and medium-term risks from the much more moderate level of capex spending from cable customers, in addition to the already existing long-term risks relative to the acquisition," he wrote. Infinera acquired Coriant late last year. "The near-term risks relative to moderating cable capex will likely drive Infinera to return to profitability and cash flow generation later than currently guided to by the company, and increase the medium-term risks relative to materially underperforming stated (gross) margin targets, led by a much lower scale of revenues than anticipated at the time of the acquisition," Chatterjee said.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next