Infinera Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Infinera Corporation (NASDAQ:INFN) is set to release its Q4 financial results on March 6, 2024, with analysts predicting a decrease in earnings and revenue compared to the previous year. The company's shares fell 4.1% ahead of the earnings call. Analysts from Stifel, Rosenblatt, Jefferies, Morgan Stanley, and Needham have provided various ratings and price targets for INFN, reflecting a mix of optimism and caution.
March 06, 2024 | 7:36 pm
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Infinera is anticipated to report lower earnings and revenue for Q4, with shares already down 4.1% ahead of the announcement. Analysts' ratings and price targets vary, indicating differing expectations.
The expected decrease in earnings and revenue for Infinera, combined with the recent 4.1% drop in share price, suggests a negative short-term impact. The mixed analyst ratings indicate uncertainty, which could further influence investor sentiment negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100