4-Feb-2012 - Infinera (Nasdaq: INFN) Soars On Strong Q4 Results; JP Morgan Upgrades

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Infinera (Nasdaq: INFN) Soars On Strong Q4 Results; J.P. Morgan Upgrades Visit this company: NFL jerseys cheap www.thestreetbeat.com Palm Beach, FL - February 3, 2012 (Investorideas.com Newswire) - The Street Beat commentary - Shares of optical networking systems company Infinera (Nasdaq: INFN) are trading sharply higher Friday on strong Q4 results. For the quarter, the company posted revenue of 112 million, up from 104 million in Q3, down from 117.1 million a year ago, and ahead of the Street at 97.4 million. The company's non-GAAP per-share loss of 6 cents was considerably smaller than Street consensus loss forecast of 13 cents. For Q1, Infinera sees revenue of 102 million to 108 million, with a non-GAAP loss of 10-14 cents a share; the Street has been expecting 102.2 million and a loss of 10 cents a share. "Our fourth quarter revenue performance was higher than our expectations, and reflects continued solid demand from customers for Infinera's unique digital optical networks including cable, Tier One and bandwidth wholesale service providers," CEO Tom Fallon said in a statement. "We benefited from unanticipated year-end budget spending by a number of customers and were able to execute to our disaster recovery process following the historic flooding in Thailand." Note that following the results, J.P. Morgan analyst Rod Hall this morning upped his rating on the stock to Neutral from Underweight. INFN is up 1.18, or 16.1%, to 8.49. The Street Beat Disclaimer The following article was The Street Beat commentary published on Investorideas.com More Info: This news is published on the Investorideas.com Newswire and its syndicated partner network News now! Get Investorideas.com investor news and stock alerts Free Sign Up: http://www.investorideas.com/Resources/Newsletter.asp Disclaimer: The following news is cheap nba jerseys paid for and /or published as information only for our readers. Investorideas.com is a third party publisher of news and research. Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. If you have any questions regarding information in this press release please contact the company listed in the press release. Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.asp Investorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more NFL jerseys wholesale info: http://www.bcsc.bc.ca/release.aspx?id=6894

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