Stock down 12% as company provides outlook for upcoming quarters
- Infinera shares drop 12% after preliminary 4Q results and 1Q guidance
- Preliminary fourth-quarter revenue expected to be $435 million to $452 million
- First-quarter revenue expected to be $320 million to $350 million
- Infinera expects a net loss of 17 cents to 25 cents per share for 1Q
Infinera shares fell 12% after the company released its preliminary results for the fourth quarter and provided guidance for the first quarter. The stock is currently trading at $4.85, down 34% over the past year. Preliminary fourth-quarter revenue is expected to be between $435 million and $452 million, surpassing the company’s previous outlook. Analysts polled by FactSet expect revenue of $437.7 million. For the first quarter, Infinera expects revenue of $320 million to $350 million, with a net loss of 17 cents to 25 cents per share. Analysts predict a net loss of 18 cents per share. The company’s adjusted net income is projected to be seven cents to 13 cents per share.
Factuality Level: 8
Factuality Justification: The article provides specific details about Infinera’s preliminary results for the fourth quarter and outlook for the first quarter, including revenue expectations and earnings per share. The information is based on actual figures and analyst expectations, without digressions or irrelevant details. There is no apparent bias or sensationalism in the reporting, and the article sticks to the facts without misleading information.
Noise Level: 3
Noise Justification: The article provides relevant information about Infinera’s preliminary results for the fourth quarter and outlook for the first quarter. It includes details on revenue expectations, earnings per share, and analyst predictions. The article stays on topic and supports its claims with data. However, it lacks in-depth analysis, accountability, and actionable insights, which prevents it from scoring higher.
Financial Relevance: Yes
Financial Markets Impacted: Infinera shares
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article provides information about Infinera’s preliminary results for the fourth quarter and outlook for the first quarter. It mentions the company’s expected revenue and net income, as well as analysts’ expectations. However, there is no mention of any extreme event or its impact.
Public Companies: Infinera (INFN)
Key People: Zaeem Shoaib (Author)
Reported publicly:
www.marketwatch.com 
