These 3 Unloved Tech Stocks Are Finally Recovering [The Motley Fool]
Infinera Corporation (INFN)
Last infinera corporation earnings: 2/25 04:03 pm
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Source: The Motley Fool
These 3 Unloved Tech Stocks Are Finally Recovering Leo Sun ( TMFSunLion Sep , 09 at 0:8AM Several tech stocks have slumped Let's take a look at three stocks that fit that description -- Infinera NASDAQ:INFN JD.com NASDAQ:JD Seagate NASDAQ:STX Image source: Getty Images. . Infinera: an unloved optical systems maker Infinera sells wave division multiplexing (WDM) systems, which enable service providers to boost the capacity of their networks without laying down additional fiber. That's why it was once considered an ideal play on the "super cycle" in-network upgrades, which support the growth of cloud and streaming services. However, Infinera generated most of its revenue from long-haul WDM systems instead of shorter-range WDM systems for the metro and data center interconnect (DCI) markets. Many service providers prioritized those shorter-distance upgrades, causing Infinera's double-digit sales growth in the first half of 08 to fade to the single digits. Infinera subsequently acquired C
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INFN
News
- Infinera Co. (NASDAQ: INFN) is now covered by analysts at Needham & Company LLC. They set a "buy" rating and a $10.00 price target on the stock.MarketBeat
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INFN
Earnings
- 8/9/23 - Beat
INFN
Sec Filings
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- INFN's page on the SEC website