Report
Ilya Kundozerov
EUR 101.80 For Business Accounts Only

Infinera’s Q4 Was Expectedly Weak; Sizable Margin Contraction; Maintain $10 FVE

Infinera’s fourth-quarter results were largely in line with our expectations. The company is still in a difficult spot as it updates its product portfolio. Management expects a challenging couple of quarters before new product launches provide material improvement to top and bottom lines. We are somewhat concerned by the fact that roughly 40% of Infinera revenue generation is currently in the process of being merged or acquired as a wave of M&A sweeps over the telco and cable space. In 2017,...
Underlying
Infinera Corporation

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Ilya Kundozerov

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