JPMorgan Downgrades Infinera Corp. (INFN) to Neutral
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Infinera Corporation Reports Second Quarter 2016 Financial Results
July 27, 2016 4:15 PM EDTSUNNYVALE, CA -- (Marketwired) -- 07/27/16 -- Infinera Corporation (NASDAQ: INFN) provider of Intelligent Transport Networks, today released financial results for the second quarter of 2016 ended June 25, 2016.
GAAP revenue for the quarter was $258.8 million compared to $244.8 million in the first quarter of 2016 and $207.3 million in the second quarter of 2015.
GAAP gross margin for the quarter was 47.8% compared to 47.5% in the first quarter of 2016 and 46.7% in the second quarter of 2015. GAAP operating margin for the quarter was 6.2% compared to 6.1% in the first quarter of 2016 and 8.0% in the second quarter of 2015.
GAAP net income... More
