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OFFON

INFINERA CORPORATION

(INFN)
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Infinera: Q3 Earnings Snapshot

11/03/2021 | 04:22pm EST

SAN JOSE, Calif. (AP) _ Infinera Corp. (INFN) on Wednesday reported a loss of $53.8 million in its third quarter.

On a per-share basis, the San Jose, California-based company said it had a loss of 26 cents. Losses, adjusted for one-time gains and costs, were 1 cent per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The communications equipment maker posted revenue of $355.8 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $355.7 million.

For the current quarter ending in December, Infinera said it expects revenue in the range of $369 million to $399 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INFN at https://www.zacks.com/ap/INFN

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Analyst Recommendations on INFINERA CORPORATION
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Financials (USD)
Sales 2021 1 414 M - -
Net income 2021 -115 M - -
Net Debt 2021 429 M - -
P/E ratio 2021 -12,2x
Yield 2021 -
Capitalization 1 844 M 1 844 M -
EV / Sales 2021 1,61x
EV / Sales 2022 1,45x
Nbr of Employees 3 050
Free-Float 97,9%
Chart INFINERA CORPORATION
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Technical analysis trends INFINERA CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Last Close Price 8,75 $
Average target price 10,35 $
Spread / Average Target 18,3%
EPS Revisions
Managers and Directors
David W. Heard Chief Executive Officer & Director
Nancy Louise Erba Chief Financial Officer
George Andrew Riedel Chairman
Greg Greco Senior VP-Global Research & Development
Craig S. Cocchi SVP-Operations for Optical Modules Group
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