Infinera Corporation Reports Third Quarter 2017 Financial Results and Announces Restructuring Plan
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Infinera Corp. (INFN) PT Lowered to $9 at Piper Jaffray Following 3Q Results
November 9, 2017 8:36 AM ESTPiper Jaffray lowered its price target on Infinera Corp. (NASDAQ: INFN) to $9.00 (from $9.50) while maintaining a Neutral rating following the company's September quarter results. Revenues of $192.6M increased 8.9% sequentially and were up 3.8% on a y/y basis. Non-GAAP EPS loss of ($0.11) was above with... More
Infinera (INFN) Tops Q3 EPS by 5c, Announces Restructuring Initiative
November 8, 2017 4:45 PM ESTInfinera (NASDAQ: INFN) reported Q3 EPS of ($0.11), $0.05 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $192.6 million versus the consensus estimate of $191.09 million.
Restructuring Initiative
Infinera also announced it is implementing a plan to restructure its worldwide operations in order to reduce its expenses and establish a more cost-efficient structure that better... More
