INFN Huge EPS Forecast Hike Last Week and In Stron
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The CEO Tom Fallon recently said, "Our market cap is higher than Ciena’s because we are growing 20%-plus per year, making 10% operating profit on the bottom line. If you look at our revenue growth versus our operating income, our operating income is growing faster, and it’s because of vertical integration."
The idea of profitable trading is to cut your losers short and let your winners ride. This stock has definitely been a winner for us and I think it has another +100% worth of upside to go.
Just 30 days ago, the EPS forecast was $0.12. About 7 days ago, the EPS forecast was raised to $0.16. That’s a +33% hike that has not yet been priced into the stock because of the poor performance of markets over the last week in my opinion.
The annual revenue growth rate for the last 5 years has been a solid +16.7%. Revenue growth has been speeding up. Quarterly revenue growth (yoy) is a big +31%.
Infinera Corporation stock is testing its lower BB line after a nice little pullback. It is also testing the 50 day moving average.
Source: Infinera Corporation Stock Is Still a Good Buy