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Infinera Plummets on Outlook; Has Right Business Model to Recover

 Jun 17, 2008 01:52 PM UTC
Return Risk
-11.58% HIGH
Tracked Blogger
Symbol Sentiment Start Return Closed
INFN Positive 06/17/08 -11.48% --

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  


The Photonic Integrated Circuit [PIC] pioneer Infinera Corp (INFN) cut its revenue growth forecast for 2008 after the close Monday, quoting a lower revenue forecast for Q3 2008, and sending its shares tumbling.


The company stood by its outlook of a profit of 1 cent to 2 cents a share on revenue of $88 million to $90 million for the second quarter.




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