|Bid||5.34 x 2200|
|Ask||5.69 x 3200|
|Day's range||5.49 - 5.70|
|52-week range||4.67 - 9.86|
|Beta (5Y monthly)||1.10|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
After the market closed Tuesday, Infinera (NASDAQ: INFN) announced that it plans to raise funds by selling new convertible debt notes. As of noon ET, its share price was down roughly by 20%. Infinera intends to offer $275 million in convertible senior notes that will come due in 2028.
At this time, I would like to welcome everyone to the Infinera Corporation Q2 2022 earnings call. Today's call will include projections and estimates that constitute forward-looking statements, including but not limited to, statements about our business plans, including our product road map, sales, growth, market opportunities, manufacturing operations, products, technology and strategy, statements regarding the impact of industrywide supply chain challenges, macroeconomic factors and COVID-19 on our business plans and results of operations, as well as statements regarding future financial performance, including our financial outlook for the third quarter and second half of 2022.
Infinera (INFN) delivered earnings and revenue surprises of 28.57% and 2.27%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?