Another smash up…
Declining revenues and a miss on top line.
https://seekingalpha.com/news/3285528-infinera-beats-0_01-mi…
Ant
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The whole “optical networking” sector (my term, most likely off-base but I hope you know what I mean) is getting pounded. AAOI down some 20%!?! WOWSA! ACIA treading water. Infinera getting slapped again.
Having closed out my AAOI position at $98.89, I’m looking to buy back some shares. Same goes for INFN. ACIA? I’m in the black, but I’m not sure I wish to deploy additional funds into the sector.
I will be buying more UBNT and MU, market conditions allowing.