Infinera Corp. (INFN) PT Lowered to $9 at Needham & Company

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Go back to Infinera Corp. (INFN) PT Lowered to $9 at Needham & Company

Infinera Corporation Reports Third Quarter 2018 Financial Results

November 6, 2018 4:05 PM EST

SUNNYVALE, Calif., Nov. 06, 2018 (GLOBE NEWSWIRE) -- Infinera Corporation, provider of Intelligent Transport Networks, today released financial results for its third quarter ended September 29, 2018.

GAAP revenue for the quarter was $200.4 million compared to $208.2 million in the second quarter of 2018 and $192.6 million in the third quarter of 2017.

GAAP gross margin for the quarter was 35.0% compared to 40.5% in the second quarter of 2018 and 35.2% in the third quarter of 2017. GAAP operating margin for the quarter was (12.6)% compared to (10.4)% in the second quarter of 2018 and (17.8)% in the third quarter of 2017.

GAAP net loss for the quarter was $(32.6) million, or $(0.21) per... More