Infinera Corp. (INFN) Earnings Preview For Upcoming Quarterly Earnings Release Date
Infinera Corp. (NASDAQ:INFN) is scheduled to release last fiscal quarter's results after the closing bell on March 02, 2012.
Infinera Corporation engages in the design, development, manufacture, and sale of optical networking systems to communications service providers for use in their fiber optic backbone networks. The company was founded in 2000 and is headquartered in Sunnyvale, California.
52 Week High: $8.97
52 Week Low: $5.91
Book Value: $3.70
Float Short:  9.14%
On average, analysts are expecting a drop of $-0.14 in earnings per share compared to last quarter's results of $-0.09. A beat of $-0.23 per share , will top the estimated mean earnings. Analyst estimates range between $-0.27 and $-0.19 per share.
Looking at the price movement over the last month, the stock has moved higher in price 17.99%, and -17.48% from one year ago.
Investors have been rewarded with an increase of year-over-year revenue. Revenue reported was $454.35 million for 2010 vs. $309.1 million for 2009. The bottom line has rising earnings year-over-year of $-27.93 million for 2010 vs. $-86.62 million for 2009.The company's earnings before interest and taxes are rising with an EBIT year-over-year of $-28.69 million for 2010 vs. $-89.66 million for 2009. Rising revenue along with rising earnings is a very good sign and what we want to see with our companies. Be sure to check the margins in the earnings release to make sure that the bottom line is keeping up with the top line.
Here is a look at the fiscal year revenue.
Here is the last few quarters to get an idea how well they perform compared to estimates
Reported earnings per share compared to the mean estimate. Differences are rounded.
The total short interest number of shares for INFN
The number of days to cover short interest based on average daily trading volume for INFN
Thank you for reading my article. Please also feel free to share your thoughts and comments.
I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, and Yahoo Finance for most of my data. I use the confirmed symbols from earnings.com that I believe to be of the most interest.