Should You Buy Infinera’s Stock at Its 52-Week High?

Should You Buy Infinera’s Stock at Its 52-Week High?

Infinera's (NASDAQ: INFN) stock recently hit a 52-week high after the optical solutions provider's second quarter numbers topped Wall Street's expectations. At first glance, Infinera's growth seems unremarkable: Its revenue growth decelerated and it remains unprofitable. Infinera's solutions help carriers increase the capacity of their existing networks without laying down additional fiber.