Hot Stock Analysis: Infinera Corporation (NASDAQ: INFN)

May 8, 2020 Oliver Rider 140 Views Infinera Corporation, INFN

Infinera Corporation (NASDAQ: INFN) spotted trading -0.36% off 52-week high price. On the other end, the stock has been noted 193.57% away from the low price over the last 52-weeks. The stock changed 4.71% to recent value of $8.22. The stock transacted 4237627 shares during most recent day however it has an average volume of 2486.41K shares.

Infinera Corporation recently released financial results for its third quarter ended September 28, 2019.

GAAP revenue for the quarter was $325.3M contrast to $296.3M in the second quarter of 2019 and $200.4M in the third quarter of 2018.

GAAP gross margin for the quarter was 26.7% contrast to 20.7% in the second quarter of 2019 and 35.0% in the third quarter of 2018. GAAP operating margin for the quarter was (21.3%) contrast to (36.6%) in the second quarter of 2019 and (12.6%) in the third quarter of 2018.

GAAP net loss for the quarter was $(84.8)M, or $(0.47) per share, contrast to a net loss of $(113.7)M, or $(0.64) per share, in the second quarter of 2019, and net loss of $(32.6)M, or $(0.21) per share, in the third quarter of 2018.

Non-GAAP revenue for the quarter was $327.6M contrast to $306.9M in the second quarter of 2019 and $200.4M in the third quarter of 2018.

Non-GAAP gross margin for the quarter was 33.1% contrast to 30.7% in the second quarter of 2019 and 38.4% in the third quarter of 2018. Non-GAAP operating margin for the quarter was (5.7%) contrast to (12.3%) in the second quarter of 2019 and (2.6%) in the third quarter of 2018.

“In the third quarter, we delivered solid results and achieved important bookings growth while completing the most challenging tasks of the Coriant integration. Our focused execution and growing backlog keep us on track to deliver double our synergy savings commitments in fiscal 2019 and return to non-GAAP operating profitability and positive cash flow for the fourth quarter of 2019,” stated Tom Fallon, Infinera CEO. “We have also improved our innovation pipeline with reported DRX wins, the successful launch of XR optics, and growing confidence in our plan to deliver 800G products to the market in 2020.”

Its earnings per share (EPS) expected to touch remained -3.30% for this year while earning per share for the next 5-years is expected to reach at 5.00%. INFN has a gross margin of 27.90% and an operating margin of -32.40% while its profit margin remained -36.40% for the last 12 months. According to the most recent quarter its current ratio was 1.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of 4.86% from the mean of 20 days, 19.78% from mean of 50 days SMA and performed 66.59% from mean of 200 days price. Company’s performance for the week was 3.14%, 14.01% for month and YTD performance remained 3.53%.