Infinera Corporation (NASDAQ:INFN) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.06 per share.
For the full year, analysts predict revenues of $ 1357.94 million, while looking forward to loss of $ 0.41 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 325.00 million ~ $ 345.00 million
Click Here For More Historical Outlooks Of Infinera Corporation
Previous Quarter Performance
Infinera Corporation unveiled loss for the second quarter of $ 0.09 per share, from the revenue of $ 332.64 million. The consensus estimates are loss of $ 0.14 per share from $ 319.24 million in revenue. The bottom line results beat street analysts by $ 0.05 or 35.71 percent, at the same time, top line results outshined analysts by $ 13.40 million or 4.20 percent.
Stock Performance
Shares of Infinera Corporation traded up $ 0.13 or 1.95 percent on Wednesday, reaching $ 6.53 with volume of 964.90 thousand shares. Infinera Corporation has traded high as $ 6.60 and has cracked $ 6.32 on the downward trend
The closing price of $ 6.53, representing a 74.18 % increase from the 52 week low of $ 3.68 and a 30.7 % decrease over the 52 week high of $ 9.25.
The company has a market capital of $ 1.22 billion and is part of the Technology sector and Communication Equipment industry.
Conference Call
Infinera Corporation will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.infinera.com
Infinera Corporation provides optical transport networking equipment and software and services worldwide. The companys product portfolio consists of Infinera DTN-X Family of terabit-class transport network platforms, including the XTC Series, XTS Series, and XT Series; Infinera DTN-X XTC series multi-terabit packet optical transport platforms that integrate digital OTN switching and optical WDM transmission; and Infinera DTN-X XT series for terrestrial applications and XTS series for subsea applications. It also provides Infinera hiT 7300, mTera Series, 7100 Series, 7090 Family, and 8600 Series; Infinera XTM Series packet-optical transport platform that enables high-performance metro networks with service-aware, application-specific capabilities; Infinera Groove G30; and Infinera Cloud Xpress Family designed to meet the varying needs of ICPs, communication service providers, Internet exchange service providers, enterprises, and other large-scale data center operators.
