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| Press Release

Free Post Earnings Research Report: Infinera Reported Better Than Expected Results

Stock Monitor: Harmonic Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 08, 2018 / Active-Investors.com has just released a free earnings report on Infinera Corp. (NASDAQ: INFN). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=INFN. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on February 07, 2018. The communications equipment maker's revenues grew 8% on a y-o-y basis, and also provided guidance for Q1 2018. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Harmonic Inc. (NASDAQ: HLIT), which also belongs to the Technology sector as the Company Infinera. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=HLIT

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Infinera most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=INFN

Earnings Highlights and Summary

For the fourth quarter ended December 30, 2017, Infinera reported revenues of $195.8 million, up 8% compared to $181.0 million in Q4 2016. The Company's revenue numbers exceeded analysts' estimates of $189.8 million.

During Q4 2017, Infinera's GAAP gross margin was 24.1% compared to 38.1% in Q4 2016. The Company's non-GAAP gross margin was 37.5% for the reported quarter compared to 41.8% in the year earlier same quarter.

For Q4 2017, Infinera's GAAP operating margin was negative 36.0% compared to negative 25.3% in Q4 2016. The Company's non-GAAP operating margin was negative 9.3% for the reported quarter versus negative 9.2% in the year earlier comparable quarter.

Infinera's GAAP net loss was $74.0 million, or $0.50 loss per share, for Q4 2017 compared to a net loss of $36.3 million, or $0.25 loss per share, in Q4 2016. The Company's non-GAAP net loss was $18.6 million, or $0.12 loss per share, for the reported quarter versus a non-GAAP net loss of $17.0 million, or $0.12 loss per share, in the year earlier corresponding quarter. Infinera's financial results were better than Wall Street's estimates for a loss of $0.13 per share.

For the full year FY17, Infinera reported revenues of $740.74 million compared to $870.14 million in FY16.

Infinera's GAAP net loss was $194.5 million, or $1.32 loss per share, in FY17 compared to a GAAP net loss of $23.9 million, or $0.17 loss per share, in FY16. The Company's non-GAAP net loss was $80.0 million, or $0.54 loss per share, in FY17 compared to a non-GAAP net income of $49.4 million, or $0.34 per diluted share, in FY16.

Cash Matters

As on December 30, 2017, Infinera's cash and cash equivalents totaled $116.35 million compared to $162.64 million as on December 31, 2016. For FY17, the Company's net cash used in operating activities was $21.93 million compared to $38.38 million in FY16.

Outlook

For Q1 2018, Infinera is forecasting revenues to be in the range of $195 million to $205 million. At the midpoint of this range, the upcoming quarter's revenues are expected to grow 2% sequentially and 14% on a y-o-y basis. The Company is anticipating non-GAAP gross margin to be 40%, plus or minus 200 basis points, and an operating loss of 8%.

For Q1 2018, Infinera is projecting a non-GAAP loss of $0.11 per share, plus or minus a couple of pennies.

Stock Performance Snapshot

March 07, 2018 - At Wednesday's closing bell, Infinera's stock marginally advanced 0.83%, ending the trading session at $10.91.

Volume traded for the day: 1.69 million shares.

Stock performance in the last month – up 74.56%; previous three-month period – up 61.15%; past twelve-month period – up 2.06%; and year-to-date – up 72.35%

After yesterday's close, Infinera's market cap was at $1.63 billion.

The stock is part of the Technology sector, categorized under the Communication Equipment industry. This sector was up 0.8% at the end of the session.

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