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Rap Sheet

Author:

LongTerm CapGains

Subject:

Earnings

Date:

02/24/19 at 5:01 PM CST

 

 

READ: 4

RPLY: 0

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Sentiment:

Neutral

Infinera announced its earnings

Beat on the bottom line and was light on the top line.  However, it looks like its revenues on a YoY basis were much improved. It also recently announced its latest Integrated Optical chip in its series of Infinite Optical Engine.  It matches the competition at 800G.

The stock initially droped some 6% in AH, then on the next business day it reversed ending the day up about 8% for a 14% swing from AH lows. 

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