BMO Capital Downgrades Xtera Communications (XCOM) to Market Perform
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Xtera Announces Fiscal Second Quarter Financial Results
May 16, 2016 4:23 PM EDTDALLAS, TEXAS, USA, May 16, 2016 (GLOBE NEWSWIRE) -- Xtera Communications, Inc. (NASDAQ: XCOM), a provider of high-capacity optical transport solutions, today announced financial results for its fiscal second quarter ended March 31, 2016. Revenue for the second quarter of fiscal 2016 was $17.1 million, an increase of 21.0% compared to $14.1 million for the fiscal second quarter of 2015.
Customer interest in our Optima platform remains strong, especially in the subsea market, where we are continuing to respond to a steady stream of requests for proposals. The global build-out of data centers, coupled with rapid deployment of... More
