Infinera's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Infinera (NASDAQ:INFN) is expected to report an EPS of $0.09 in its upcoming quarterly earnings on 2024-03-06. Historically, the company has had mixed earnings performance but managed a 6.57% share price increase after beating last quarter's EPS estimate. Shares are currently trading at $5.37, down 30.03% over the last year. Investors are looking for positive guidance for the next quarter.
March 05, 2024 | 3:02 pm
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POSITIVE IMPACT
Infinera is anticipated to report an EPS of $0.09 in its upcoming earnings, with historical performance showing potential for positive impact if expectations are exceeded.
Given Infinera's history of stock price increase following an earnings beat and the anticipation of positive guidance, there's a high likelihood of a positive short-term impact on INFN's stock price if they meet or exceed the EPS estimate and provide optimistic future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100