| (USD) | Mar 2024 | Q/Q |
|---|---|---|
| Revenue | 306.9MM | -32% |
| Gross Profit | 110.4MM | -37% |
| Cost Of Revenue | 196.5MM | -29% |
| Operating Income | -43MM | -482% |
| Operating Expenses | 153.4MM | -6% |
| Net Income | -61.4MM | -577% |
| R&D | 77.3MM | -3% |
| G&A | 32.8MM | -6% |
| Marketing | 40.7MM | -4% |
| Amortization | 2.3MM | - |
| Interest Expense | 8.6MM | -2% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
SAN JOSE, Calif., July 22, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that SECOM is modernizing its middle-mile and business Ethernet access network using Infinera’s XTM Series optical transport solution to bring new multi-gigabit broadband services to previously underserved rural southern Colorado communities. SECOM’s enhanced network provides connectivity for thousands of customers, including homes, schools, libraries, government entities, telecoms, and businesses. SECOM,
By integrating Infinera's (INFN) ICE-X coherent pluggables, APRESIA can offer innovative and cost-effective solutions to meet the growing demands for network capacity at the edge.
SAN JOSE, Calif., July 01, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today it is expanding its partnership with APRESIA Systems, Ltd. (APRESIA), a Japanese provider of network infrastructure solutions, through the integration of Infinera’s software-programmable ICE-X coherent pluggables into APRESIA’s portfolio of locally manufactured Layer 2/3 switching and optical transmission products. Infinera’s ICE-X coherent pluggables will enable APRESIA to enhance its access network solu
Nike stock tumbles after the athletic apparel company says it expects first-quarter sales to fall 10%, Infinera shares jump after Nokia reaches an agreement to buy the maker of optical telecom equipment for $2.3 billion, and coverage of Synchrony Financial is initiated with a Buy recommendation.
Network provider Infinera (INFN) saw its shares soar on Friday after it agreed to be acquired by Nokia (NOK) for $2.3 billion. The investment is seen as Nokia's attempt to further get in on artificial intelligence. Josh Lipton and Julie Hyman put the move in the context of Nokia's other investments. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This article was written by Gabriel Roy
Nike stock tumbles after the athletic apparel company says it expects first-quarter sales to fall 10%, Infinera shares jump after Nokia reaches an agreement to buy the maker of optical telecom equipment for $2.3 billion, and coverage of Synchrony Financial is initiated with a Buy recommendation.
Top Midday Stories: Nike Fiscal Q4 Revenue Falls; iPhone Shipments in China Up 40%; Uber, Lyft Settle Drivers Minimum Wage; Nokia Acquires Infinera
Nokia (NOK) is set to acquire Infinera for an enterprise value of $2.3 billion to bolster its Optical Networks business and strengthen its footprint in the North American market.
The combined Nokia and Infinera will have a market share of around 20% globally, broadly equal to Ciena but lagging Huawei’s 31% share.
↘️ **Nike (NKE)**: The sneaker company reported an unexpected quarterly sales drop and cut its revenue outlook for the year, citing lighter store traffic and China's sluggish economy. Shares slid about 18%.