INFN

Infinera Corp.

TMT


Presented:03/17/2021
Price:$10.34
Cap:$2.10B
Current Price:$6.70
Cap:$1.58B

Presented

Date03/17/2021
Price$10.34
Market Cap$2.10B
Ent Value$2.49B
P/E RatioN/A
Book Value$2.12
Div Yield0%
Shares O/S203.04M
Ave Daily Vol3,123,182
Short Int19.82%

Current

Price$6.70
Market Cap$1.58B
Infinera Corp. engages in the provision of networking solutions, which consists of networking equipment, software and services. It operates through the following geographical segments: United States, Other Americas, Europe, Middle East and Africa, and Asia Pacific and Japan. Its products include control and automation, network routers, packet optical, and compact modular. The company was founded by David F. Welch, Drew Daniel Perkins, and Jagdeep Singh in December 2000 and is headquartered in San Jose, CA.

Publicly traded companies mentioned herein: Ciena Corp (CIEN), Cisco Systems Inc (CSCO), Infinera Corp (INFN) 

Highlights

The presenter is long shares of Infinera Corp (INFN), a vertically integrated producer of optical transmission systems. The presenter believes INFN’s new 800G transceiver will give it an advantage over competitors like CIEN and should allow it to capitalize on the possible removal of Huawei from significant portions of Europe and India due to security concerns

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Idea Discussion

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