Infinera Swings to Loss as Revenue Falters Due to Stale Product Lineup
Infinera posted upsetting third-quarter results; however, they were in line with management’s guidance and our internal expectations. The firm faces waning customer interest due to an outdated product portfolio. The upcoming release of next-generation optical transport products is late to the market, and management plans to sacrifice short-term margins to claw back lost market share in long-haul and subsea markets. Our no-moat rating is intact, and we will likely cut our fair value estimate by $...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.
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