Chris I agree amazing numbers, but if you double check they are 6 month numbers. But regardless they show impressive growth.
Yes, Flygal. Here are the quarterly CFFO numbers:
Q1 2014: -$15.4M
Q2 2014: $10.3M
Q1 2015: $19.8M
Q2 2015: $55.0M
A very nice increase from 2014 comparables. In Q2 2015 the DSOs dropped significantly from 64 days to 48 days so I think the change in net receivables were the biggest factor for the increase in CFFO.
Infinera Corp. (NASDAQ:INFN) issued an update on its third quarter earnings guidance on Wednesday morning. (Wednesday Morning?) The company provided EPS guidance of $0.15-0.19 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.16, AnalystRatingsNetwork.com reports. The company issued revenue guidance of $210-220 million, compared to the consensus revenue estimate of $206.51 million.
Guiding higher than the analysts will factor greatly into tomorrow morning’s pricing decisions. I have a hunch we will see more than the 8% in AH after this news is factored in.
Yep this was a good investment decision for holders. I am looking at whether there is any read across from this news to Ruckus, Aruba, CISCO and Arista. I hold Ruckus (as well as INFN) and know Aruba and Arista have been discussed on this board.
Tomorrow could be very interesting for the cyber security space (given the beats from Check Point and Fortinet) as well as the networking equipment space (given INFN’s results).
I can’t think of a clearer winner in the expected 20x in worldwide voice and data traffic growth expected through to 2020 than the networking equipment operators (maybe besides ARM).
I listened to the conference call at 5:30 EST. Tom Fallon is very excited about this company’s future and it was no different today. I have been following this company for many years and it’s really paying off now. Actually I still have a good portion of Jan 16, $8 LEAPS. Also, earlier this year, I sold off half of my INFN holding and bought SWKS.
From the conference call (from memory)
No new customer this quarter
3 larger than 10% customers (they were eight 10% customers in the past 2 years), this is good balance. Anyone of these 8 can be 10% in any given Qtr.
Q3 revenue estimate is $115 +/- 5M (24% YoY)
They are the only ones shipping 100G for the cloud; the competitors are just talking how their products will be great. They have a lead and the advantage
They can get good margin because of the complete package they are offering their customers, best products and services.
2.4% dilution this Q; will continue to experience dilution as the share price goes up (my only concern with this company)
They are #1 in Long Haul, per couple of industry reports
New product available in Q3; they are diversifying their revenue streams
54% Transmode shares surrendered. INFN must have 90% for the deal to consummate. They are still working to make this happen. They see many immediately opportunities once this happens.
Here is something interesting. I believe there is going to be a short squeeze with INFN stock soon. One year ago, shorts were about 14.5M and as of mid July it’s now 12M. While this is not a high percentage of float (140M), most of these shares were shorted in the single digits. Add to this, the institutional ownership is at 75% already, so there is not much out there. Did someone say margin call? Hold on to your shares and let’s watch the action.
One year ago, shorts were about 14.5M and as of mid July it’s now 12M. While this is not a high percentage of float (140M), most of these shares were shorted in the single digits. Add to this, the institutional ownership is at 75% already, so there is not much out there.
Can one actually know the value of the current pool of shares that is being held short?
If short investors buy out continuously and new short investors sell in, the average price would no longer necessarily be in the single digits?
I think Andy was the one who brought INFN to the attention of the board. Thanks, Andy! And Kevin has also posted some great research and insight about the company, which, I also really appreciate.
There are many others too, of course, which is what makes this community so great: folks learning, working, and sharing together.
I think Andy was the one who brought INFN to the attention of the board. Thanks, Andy!
Thanks Neil,
I have been following this company since 2009 and bought into it when I was with MDP. They really had some rough times back then but now my shares have really grown. If I was to look back on the lessons I have learned, I probably wouldn’t have owned it back then because they were skipping 40g and going to 100g. It was dead money for quite awhile. I think it would have been better to start investing when they announced their DTN-X product and the 100 gig pic. I have seen the equipment and it is really sweet. But it has worked out well over all. MDP I heard sold it last year. When I heard about their sale I wrote on this board I thought it was a big mistake, sometimes you get them right. But not to say that MDP didn’t put their money into a better stock. They have some really smart people over there.
I have been following this company since 2009 and bought into it when I was with MDP
I owned it with MDP too, back around 2011’ish, but dumped it a couple years later when I left MDP and joined MF Pro. MDP never really got its act together, but maybe now it’s better with its all-new team and new lead advisor (from Supernova/Rulebreakers, so with a growth background rather than a value background). MF Pro had (and still has) a value bent like MDP did, but was so much better at it and so much more successful. The last straw for me was when MDP broke their own policies and decided not to participate with its own money in an official trade it recommended to members in ARO, which went horribly south: it was clear to me at that point that the team had completely lost their way and their scruples. Of course, TMF management let them do it (giving them an official “pass” on the policies with a very pitiful justification) – definitely not TMF at their best, but everyone makes mistakes.
So anyway, I’m glad you brought INFN back up here on the board!