We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Infinera (INFN) Beats Earnings & Revenue Estimates in Q3
Read MoreHide Full Article
Infinera Corp. (INFN - Free Report) reported narrower-than-expected loss in third-quarter 2017. The company’s top also surpassed the Zacks Consensus Estimate.
The company reported net loss on a GAAP basis of $37.2 million or a loss of 25 cents per share as against the net income of $11.2 million or 8 cents in the year-ago quarter. Infinera’s adjusted loss of 11 cents was narrower than the Zacks Consensus Estimate of a loss of 16 cents.
Infinera Corporation Price, Consensus and EPS Surprise
Total revenues were $192.6 million, up 3.8% year over year, beating the Zacks Consensus Estimate of $190 million. Segment-wise, product revenues were $159.6 million, up 2.2% year over year. Services revenues increased 12.8% to nearly $33.0 million. Domestic revenues contributed 59% to the total revenues, while the remaining 41% was generated from international markets.
Total operating expenses in the reported quarter were $102.07 million, up from $95.5 million in third-quarter 2016.
In the quarter under review, Infinera’s cash from operations was a negative $37.23 million as compared with a loss of $11.3 million in the prior-year quarter.
At the end of the said quarter, Infinera had $122.04 million of cash and cash equivalents compared with $162.64 million at the end of 2016. Total debt at the end of third-quarter 2017 was $141.99 million compared with $133.59 million at the end of 2016.
The company provides digital optical networking systems to telecommunication carriers, cable operators and other service providers worldwide. It faces direct competition from the likes of Extreme Networks Inc. (EXTR - Free Report) , NETGEAR Inc. (NTGR - Free Report) and Brocade Communications Systems Inc. . All these stocks currently carry a Zacks Rank #3 (Hold), while NETGEAR has a Zacks Rank #5 (Strong Sell).
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Infinera (INFN) Beats Earnings & Revenue Estimates in Q3
Infinera Corp. (INFN - Free Report) reported narrower-than-expected loss in third-quarter 2017. The company’s top also surpassed the Zacks Consensus Estimate.
The company reported net loss on a GAAP basis of $37.2 million or a loss of 25 cents per share as against the net income of $11.2 million or 8 cents in the year-ago quarter. Infinera’s adjusted loss of 11 cents was narrower than the Zacks Consensus Estimate of a loss of 16 cents.
Infinera Corporation Price, Consensus and EPS Surprise
Infinera Corporation Price, Consensus and EPS Surprise | Infinera Corporation Quote
Total revenues were $192.6 million, up 3.8% year over year, beating the Zacks Consensus Estimate of $190 million. Segment-wise, product revenues were $159.6 million, up 2.2% year over year. Services revenues increased 12.8% to nearly $33.0 million. Domestic revenues contributed 59% to the total revenues, while the remaining 41% was generated from international markets.
Total operating expenses in the reported quarter were $102.07 million, up from $95.5 million in third-quarter 2016.
In the quarter under review, Infinera’s cash from operations was a negative $37.23 million as compared with a loss of $11.3 million in the prior-year quarter.
At the end of the said quarter, Infinera had $122.04 million of cash and cash equivalents compared with $162.64 million at the end of 2016. Total debt at the end of third-quarter 2017 was $141.99 million compared with $133.59 million at the end of 2016.
The company provides digital optical networking systems to telecommunication carriers, cable operators and other service providers worldwide. It faces direct competition from the likes of Extreme Networks Inc. (EXTR - Free Report) , NETGEAR Inc. (NTGR - Free Report) and Brocade Communications Systems Inc. . All these stocks currently carry a Zacks Rank #3 (Hold), while NETGEAR has a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>