Unusual 11 Mid-Day Movers 6/17: MENT, CSIQ, FMD, CPSL Higher; INFN, TINY, CNK, ZION Lower Jun 17, 2008 01:09PM

Infinera (Nasdaq: INFN) 28.7% LOWER; today reaffirmed its Q2 outlook of $88-$90 million for revs, versus the consensus of $89.69 million. Q3 sales are expected to be in the range of $75-$80 million, versus the consensus of $97.74 million. FY08 sales are expected to grow at 10%, down from a previously forecast 25% growth rate.

Mentor Graphics (Nasdaq: MENT) 25% HIGHER; Cadence Design Systems, Inc. (Nasdaq: CDNS) submitted a proposal to the Board of Directors of Mentor Graphics to acquire Mentor Graphics for $16.00 per share in cash.

Canadian Solar Inc. (Nasdaq: CSIQ) 12.2% HIGHER; raising its ...