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.
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Source: Fool.com