Infinera's Financial Woes Cause Management to Take Action
Infinera (NASDAQ: INFN), a manufacturer of optical equipment used by telecommunications carriers, reported its third-quarter results on Nov. 8. Management had previously telegraphed to investors results were going to remain weak. Thankfully, easy year-over-year comparisons allowed the company to finally show revenue growth. However, profitability still remains elusive.
To jump-start the company's return to profitability, management announced a companywide restructuring plan. Let's dig into the details.
Image source: Getty Images.
Source: Fool.com
Infinera Corp. Stock
€5.40
-0.920%
We see a rather positive sentiment for Infinera Corp. with 9 Buy predictions and 1 Sell predictions.
As a result the target price of 7 € shows a positive potential of 29.63% compared to the current price of 5.4 € for Infinera Corp..
