In response to announcing that it is acquiring a competitor, shares of Infinera (NASDAQ: INFN), a provider of telecommunication equipment, jumped as much as 12% in early morning trading Tuesday. Shares were up about 4% as of 10:10 a.m. EDT. The company also provided investors with a preliminary look at its second-quarter results.Infinera announced on Monday afternoon that it is acquiring Coriant, a privately held supplier of networking equipment.Image source: Getty Images.Continue reading
Comment on Why Infinera Stock Is Soaring Today
newsfeedback@fool.com (Brian Feroldi), The Motley Fool
Tue, 07/24/2018 - 7:55am
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