Decent 3Q Results Can’t Mask Numerous Headwinds for Infinera; Cutting FVE to $7
Infinera posted decent third-quarter results that came in slightly above our expectations on the top and bottom lines. However, the far bigger news is the firm's loss of business with Microsoft Azure to Inphi, further softness in revenue from the merger of CenturyLink and Level 3 as these entities paused their spending as they solidify their future network plans, and persistent gross margin challenges. Furthermore, Infinera cited strong competitive pressure, especially in the datacenter intercon...Infinera is a supplier of networking solutions comprised of networking equipment, software and services. The company's portfolio of solutions includes optical transport platforms, converged packet-optical transport platforms, optical line systems and disaggregated router platforms. Also, the company's product portfolio includes the Infinera DTN-X Family, the Infinera hiT 7300 platform, the Infinera mTera Series, the Infinera 7100 Series, the Infinera 7090 Series, and the Infinera XTM Series, among other. Software products include the Infinera Transcend Software Suite, which includes software-defined networking and network management software, and the company's converged network operating system routing software.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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