Operator
Good day, and welcome to the Infinera Corp first-quarter 2021 earnings conference call. All participants will be in listen-only mode. [Operator instructions] After today s presentation, there will be an opportunity to ask questions. [Operator instructions] Please note this event is being recorded.
I would now like to turn the call over to Amitabh Passi, head of investor relations. Please go ahead.
Amitabh Passi
Head of Investor Relations
Thank you, operator, and good afternoon. Welcome to Infinera s first quarter of fiscal 2021 conference call. A copy of today s earnings and investor slides are available on the investor relations section of the website. Additionally, this call is being recorded and will be available for replay from our website.
Apple Stock Bear Sounds The Alarm: Expect 13% Decline
Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.
Author:
Apr 23, 2021
It is rare to read or hear from an Apple stock bear on Wall Street. When it happens, I like to pay close attention. I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.
Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.