In Q3, Infinera reported a revenue decline of 8.9% YoY but beat EPS and revenue estimates.
Communications equipment provider Infinera (NASDAQ: INFN) reported a Q3 beat with EPS of ($0.06) vs analysts' consensus estimate of ($0.08), and total revenue of $342.7M vs estimated $331.7M. However, the company's revenue declined by 8.9% YoY. Despite the positive earnings report, shares dropped $0.12 to $5.76. Infinera has a market cap of $1.35B, a P/E ratio of -17.06, and a beta of 1.64. Analysts' ratings range from sell to buy, with a consensus rating of "Hold" and a target price of $7.27.
August 05, 2024
5 Articles