Previous close | 5.26 |
Open | 6.21 |
Bid | 6.07 x 1200 |
Ask | 6.10 x 1200 |
Day's range | 6.07 - 6.29 |
52-week range | 2.82 - 6.62 |
Volume | |
Avg. volume | 3,652,446 |
Market cap | 1.427B |
Beta (5Y monthly) | 1.57 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Nike stock tumbles after the athletic apparel company says it expects first-quarter sales to fall 10%, Infinera shares jump after Nokia reaches an agreement to buy the maker of optical telecom equipment for $2.3 billion, and coverage of Synchrony Financial is initiated with a Buy recommendation.
Network provider Infinera (INFN) saw its shares soar on Friday after it agreed to be acquired by Nokia (NOK) for $2.3 billion. The investment is seen as Nokia's attempt to further get in on artificial intelligence. Josh Lipton and Julie Hyman put the move in the context of Nokia's other investments. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This article was written by Gabriel Roy
Nokia (NOK) is set to acquire Infinera for an enterprise value of $2.3 billion to bolster its Optical Networks business and strengthen its footprint in the North American market.