Infinera’s Long-Term Outlook Still Looks Bright
Infinera's (NASDAQ: INFN) stock recently retreated from its 52-week high after the optical solutions provider posted its fourth-quarter numbers. Its adjusted revenue rose 15% annually to $386.5 million, beating estimates by $20.8 million.
It generated a non-GAAP net profit of $6.4 million, or $0.03 per share, which cleared expectations by six cents and marked a significant improvement from its loss of $44.3 million, or $0.25 per share, a year earlier.
For the first quarter, Infinera expects its adjusted revenue to rise 7%-13% annually, matching expectations for 10% growth. However, it expects its bottom line to dip into the red again with a non-GAAP net loss of $0.15-$0.21 per share, compared to the consensus forecast for a $0.09 per share loss.
Source Fool.com
