Is It Finally Safe to Buy Infinera?

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.

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Source Fool.com