GuerillaStockTrading
Long

Infinera Stock Oversold and Ready To Continue Uptrend

NASDAQ:INFN   INFINERA CORP
Infinera stock is at an excellent oversold level on the RSI . The stock has been in an uptrend (purple) going all the way back to October 2014.

Revenue growth has been good over the last 4 years. In 2011, revenue was $405 million. In 2014, revenue grew to $668 million. The annual revenue growth rate for the last 5 years is an excellent +16.7%. Revenue growth has been speeding up. Quarterly revenue growth (yoy) is an excellent +30.9%.

Infinera Corporation             stock has had lots of EPS             forecast hikes. About 30 days ago, the EPS             forecast was $0.12. Just last week, the EPS             forecast was raised to $0.16. That’s an over 30% increase that has not yet been priced into the stock.

Source: https://www.guerillastocktrading.com/stocks/infinera-corporation-stock-still-a-good-buy/
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