-=Infinera (INFN) reported earnings on Tue 6 Nov 2018 (a/h)

 Infinera reports EPS in-line, misses on revs; guides Q4 EPS, revs well below consensus

• Reports Q3 (Sep) loss of $0.04 per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of ($0.04); revs rose 4.1% year/year to $200.4 mln vs. the $210.57 mln S&P Capital IQ Consensus.
• Non-GAAP gross margin for the quarter was 38.4% compared to 43.9% in the second quarter of 2018 and 39.1% in the third quarter of 2017.
• Co issues downside guidance for Q4, sees EPS of ($0.30-0.26), excluding non-recurring items, vs. ($0.06) S&P Capital IQ Consensus; sees Q4 revs of $315-335 mln vs. $432.23 mln S&P Capital IQ Consensus; Non-GAAP gross margin is expected to be 30% +/- 200 bps.
• "We remain committed to achieving substantial cost synergies, scaling our business by delivering compelling solutions to our extensive customer base of leading Tier-1s and ICPs, and driving vertical integration of our optical engine across our expanded end-to-end portfolio. While we have experienced a spending pause from certain customers as they evaluate the combined company, I believe this is temporary and that we will grow over the course of 2019."

Earnings this week : November 5 - 9, 2018 (wk 45)

Notable earnings out this week

Monday (Nov 5) 

• Morning: CNA CYOU DEA DO DXPE FOLD HRTX HUD INVH KMPR KOS L NS OHI PCG PEGI PGRE RACE RBC SEAS SHO SOGO SOHU  SYY
• Afternoon: ACHC AEL AKCA ANDE APLE APTS ATRO ATUS AVD AWR BE BHF BKD BKH BKNG CAR CBT CDEV CIR COHU CRZO CTRE CXW DCO DCP DRH DVAX ELF EVBG FMC FN FNV FRGI FRPT FTDR HHC IFF INSY IPAR ITRI IVC JCOM KMT LASR LDL LMNX LPI MAR MATX MOS MTW MWA MYL NBIX NTR NVRO OAS OTTR OUT OXY P PDCE PEN PLOW PTCT RARE RCII REN RNG RYAM SBAC SNHY STRL SYKE TBI TCMD THC TROX TRTX TVTY TWOU VVC VVV WTR 

Tuesday (Nov 6)

• Morning:  AAC ABC ADM AES AFI ANIP APD AVNS BCC BCPC BDX BHC BIOS BLD BR CBM COL CORE CTLT CVS DSKE ELAN EMES EMR ETM EXPD FI FRTA FSS GCP GLDD GLT GOGO GSKY GTN GTX HAE HLNE HPT HSIC IONS IRWD JELD JLL KEYW LABL LGIH LLY LPX LXP MBUU MFA MIDD MLCO MLM MNK MYE NHI NOVT NWN OCN ONCE ONDK ORA PINC PNM PQG PRIM REGN RHP RL SAGE SERV SNH STE SUM SYNH TAST TDG TRI UNT UNVR USAC USFD VER VPG VRTV WLK WLKP ZBRA
• Afternoon:  AAXN ACAD AIMT AIZ APEI ASH BEL BOLD BWXT CCS CGBD CHUY COHR CPE CSLT CUTR CWH DAR DATA DIOD DK DOOR DPLO DVN DXC DXCM EGN ENLC ENLK ENPH ETSY EVH EVRI FANG FIVN FTK FTR G GDDY GHDX GLUU HALO HEAR HCKT IAG ICHR INFN INGN INSP IOSP JAZZ JKHY KAR KTOS LC LNT MB MBI MED MODN MTCH MXWL MYGN NEWR NP OR PAA PAAS PAGP PAHC PLNT PLT PLYA PRA PRI PRMW PSEC PUMP PXD PZZA QDEL QHC QTWO RLJ RPD RRGB SCSC SEND SIEN SUPN SWX TAHO TRUE TSLX TWLO TWO UCTT VSLR VSM WEN WSC WTTR XEC XOG ZAGG ZG 

Wednesday (Nov 7)

• Morning: ALNY AMRX ANDX ASC AVA CARS CDK CLNY CNDT CNHI COTY CRL CSTE CSWI DF DISH DLPH ENBL FOXA GEO GIB GRPN HUM HZNP ITG KELYA KORS MDP MGLN MIDD MNTA NSIT ODP PFGC RCM RDWR ROK SBGI SGRY SMG SMI SO SPNS SRE TPB TSG VAC VGR VIRT WAAS WWW
• Afternoon: AAOI ADT ALB ALRM AMBC ANGI AYX CARG CTRP  CVNA CYBR FOSL FTD GDOT IAC KDP MCHP NUS NWSA OSTK QCOM ROKU SAIL SQ TIVO TLND TRIP TTWO UPWK WYNN ZAYO

Thursday (Nov 8)

• Morning: CAH CROX DISCA EBIX ENDP HAIN HII JCI SBH SGMS
• Afternoon:  ACB AGO AGS AL ALTR AMBR AMC AMPH AQN ARA ASRT ATVI BOJA BPI BRS BW CBPX COLD COLL CTL CYRX DBX DIS DOX ECOM EGAN EPAY ERI FGEN FNKO FOE FSCT FSM FTCH GMED HDP HTZ ICUI IMPV JAG JJSF LGF.A LOPE LPSN MCFT MIME MRAM MTD NNI NTRA OSTK PDFS PRAA RBA RDFN SCOR SENS SGMO SGYP SPPI SSRM SWIR SWKS SYNA TERP TRUP TRXC TSE TTD UEPS UIS UPLD VRAY VRTU WOW WPRT WSC XON XRAY YELP ZGNX

Friday (Nov 9)

• Morning:  ADNT ERF ESNT MGI MPAA OMER OXFD PBPB RDNT SSP STWD SUP TRCO UBNT
• Afternoon: ATHN GNC OPK   

=Infinera (INFN) reported earnings on Thur 8 Feb 2018 (b/o)

• Feb. 6 (Tue): #5, 15; vol. 3.2M  -->  +27%

Infinera beats by $0.01, beats on revs 

• Reports Q4 (Dec) loss of $0.12 per share, $0.01 better thanthe Capital IQ Consensus of ($0.13); revenues rose 8.2% year/year to $195.82 mln vs the $190.26 mln Capital IQ Consensus.
  • Gross margin for the year was 39.3% compared to 48.3% in 2016.
  • Operating margin for the year was (10.1)% compared to 6.2% in 2016

=Infinera (INFN) reported earnings on Thur 3 Aug 2017 (a/h)

Leading optical transport network developer, Infinera Corp. INFN reported disappointing financial results in second-quarter of 2017 wherein both the top and bottom line fell below the Zacks Consensus Estimate.

The company reported quarterly GAAP net loss of $42.8 million or a loss of 29 cents per share compared with the year-ago net income of $11.5 million or 8 cents per share. Infinera’s adjusted loss per share of 24 cents was a penny higher than the Zacks Consensus Estimate.

Quarterly total revenue came in at $176.8 million, down 31.7% year over year, missing the Zacks Consensus Estimate of $181.3 million. Segment-wise, product revenues were $143.4 million, down 37% year over year. Services revenues increased 6.9% to nearly $33.5 million. Domestic revenues contributed 63% to the total revenue, while the remaining 37% was generated from international markets.

In the second quarter of 2017, Infinera generated a negative $15 million of cash from operations as opposed to a positive $28.2 million in the prior-year quarter. Free cash flow in the reported quarter was a negative $54.2 million against a positive $4.9 million in the year-ago quarter.

At the end of the second quarter of 2017, Infinera had $257.8 million of cash and cash equivalents and marketable securities compared with $304.3 million at the end of 2016. Total debt at the end of the second quarter of 2017 was $139.1 million compared with $133.6 at the end of 2016.

=Infinera (INFN) reported earnings on Thur 9 Feb 2017 (a/h)

• Infinera (INFN) Q4 Loss Lower than Expected, Revenues Top

Leading optical transport network developer, Infinera Corp. INFN reported encouraging financial results in the fourth quarter of 2016 wherein both the top line and bottom line surpassed the respective Zacks Consensus Estimate.

Infinera, which provides digital optical networking systems to telecommunication carriers, cable operators and other service providers worldwide, faces direct competition from the likes of Ciena Corp. CIEN, Netgear Inc. NTGR and Brocade Communications Systems Inc. BRCD. Infinera currently carries a Zacks Rank #4 (Sell).

The company reported adjusted loss per share of 18 cents, which was narrower than the Zacks Consensus Estimate of a loss of 19 cents. Quarterly GAAP net loss was $36.3 million or a loss of 25 cents per share compared with the year-ago net income of $12.6 million or 8 cents per share.

Quarterly total revenue came in at a little over $181 million, down 30.4% year over year, but outpaced the Zacks Consensus Estimate of $176 million. Segment-wise, product revenues were $151.4 million, down 33.3% year over year. Services revenues dropped 10.1% to nearly $29.7 million. Domestic revenues contributed 53% to the total revenue, while the remaining 47% was generated from international markets.

In 2016, Infinera generated cash of $38.4 million from operations compared with $133.2 million recorded in 2015. Free cash flow in 2016 was a negative $5 million compared with $91.2 million in 2015.

At the end of 2016, Infinera had $304.3 million of cash and cash equivalents and marketable securities compared with $149.1 million at the end of 2015. Total debt at the end of 2016 was $133.6 million compared with $123.3 at the end of 2015. Meanwhile, the debt-to-capitalization ratio was 0.15 compared with 0.18 at 2015-end.