Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is It Finally Safe to Buy Infinera?

TheMotleyFool

0 0

Shares of Infinera (NASDAQ: INFN) jumped 15% on Thursday after the optical systems provider posted its second-quarter earnings.

Its adjusted revenue, boosted by its acquisition of Coriant, rose 47% annually to $306.9 million and topped expectations by $6.5 million. Its adjusted net loss widened from $1.3 million to $42 million, or $0.24 per share, but still beat estimates by four cents.

For the third quarter, the vertically integrated manufacturer of optical networks expects its adjusted revenue to rise 60%-70% annually (4%-11% sequentially), and for its loss to narrow sequentially to $0.19-$0.15 per share.

Source Fool.com

Like: 0

INFN

Share