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Infinera Corp (INFN.OQ)

INFN.OQ on NASDAQ Stock Exchange Global Select Market

6.72USD
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Infinera reports Q3 results, announces restructuring plan
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Infinera Corp :Infinera Corporation reports third quarter 2017 financial results and announces restructuring plan.Q3 non-GAAP loss per share $0.11.Q3 GAAP loss per share $0.25.Q3 revenue $192.6 million versus I/B/E/S view $191.1 million.Q3 earnings per share view $-0.16 -- Thomson Reuters I/B/E/S.Infinera Corp - ‍announced a plan to restructure its worldwide operations​.Infinera - ‍as part of restructuring plan, co to reduce headcount, rationalize certain products and programs, and close a remote research and development facility​.Infinera Corp - ‍anticipates annual savings from restructuring to be approximately $40.0 million​.Infinera Corp - ‍estimates total costs related to restructuring will be in range of $21.0 million to $27.0 million​.Infinera Corp - ‍anticipates a majority of restructuring will be completed during Q4 of 2017​.  Full Article

Infinera director Daane buys 12,000 shares of co's common stock on Aug 1
Tuesday, 2 Aug 2016 

Infinera Corp :Infinera Corp director John Daane reports purchase of 12,000 shares of co's common stock at $8.49 per share on Aug 1 - sec filing.  Full Article

Infinera CEO Fallon buys 100,000 shares of co's common stock on Aug 1
Tuesday, 2 Aug 2016 

Infinera Corp :Infinera Corp CEO Thomas Fallon reports purchase of 100,000 shares of co's common stock at $8.54 per share on Aug 1 - sec filing.  Full Article

Infinera Corp reports Q2 adj. earnings $0.21/shr
Wednesday, 27 Jul 2016 

Infinera Corp : Infinera Corporation reports second quarter 2016 financial results . Non-GAAP net income for quarter was $0.21 per diluted share . GAAP revenue for quarter was $258.8 million compared to $244.8 million in Q1 . Non-GAAP revenue for quarter was $259.0 million compared to $245.0 million in Q1 .GAAP net income for quarter was $0.08 per diluted share.  Full Article

BRIEF-Infinera reports Q3 results, announces restructuring plan

* Infinera Corporation reports third quarter 2017 financial results and announces restructuring plan