Stock Monitor: Comtech Telecommunications Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 15, 2018 / If you want access to our free earnings report on Infinera Corp. (NASDAQ: INFN), 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 first quarter fiscal 2018 operating and financial results on May 09, 2018. The communications equipment maker outperformed top- and bottom-line expectations. Additionally, the Company provided its guidance for the full fiscal year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Comtech Telecommunications Corp. (NASDAQ: CMTL), 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:

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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:

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Earnings Highlights and Summary

For Q1 2018, Infinera's GAAP revenues were $202.7 million, up 15% compared to $175.5 million in Q1 2017, as the continued ramp of the Company's ICE4 products drove strong results even in a seasonally weak first quarter. Infinera's revenue numbers exceeded analysts' estimates of $200.5 million.

During Q1 2018, Infinera's GAAP gross margin was 40.5% compared to 36.5% in Q1 2017. The Company's non-GAAP gross margin was 43.7% compared to 40.3% in the prior year's same quarter.

For Q1 2018, Infinera's GAAP operating margin was negative 12.2% compared to negative 21.6% in Q1 2017. The Company's non-GAAP operating margin was negative 3.4% in the reported quarter versus negative 11.4% in the year earlier comparable quarter.

Infinera reported a GAAP net loss of $26.3 million, or $0.17 loss per share, in Q1 2018 compared to a net loss of $40.5 million, or $0.28 loss per share, in Q1 2017. The Company's non-GAAP net loss was $7.2 million, or $0.05 loss per share, in the reported quarter compared to a net loss of $21.7 million, or $0.15 loss per share, in the year earlier corresponding quarter. Infinera's earnings numbers were ahead of Wall Street's estimates for a loss of $0.11 per share.

Cash Matters

As of March 31, 2018, Infinera's cash and cash equivalents totaled $151.4 million compared to $116.3 million as on December 30, 2017. For the three months ended March 31, 2018, the Company's net cash used in operating activities was $14.1 million compared to a net cash provided by operating activities of $3.0 million in the year earlier same quarter.

Financial Outlook

For the second quarter ended June 30, 2018, Infinera is forecasting revenues to be in the range of $203 million to $213 million. The Company's GAAP gross margin is expected to be 38%, plus or minus (+/-) 200 basis points (bps); while its non-GAAP gross margin is expected to be 42%, +/- 200 bps. For the upcoming quarter, Infinera is estimating GAAP operating margin to be approximately negative 13%, and non-GAAP operating margin to be approximately negative 3%.

For Q2 2018, Infinera is projecting GAAP earnings per share to be approximately negative $0.18, +/- $0.02. The Company is anticipating non-GAAP earnings per share to be approximately negative $0.05, +/- $0.02.

Stock Performance Snapshot

June 14, 2018 - At Thursday's closing bell, Infinera's stock advanced 3.03%, ending the trading session at $9.85.

Volume traded for the day: 1.04 million shares.

Stock performance in the previous six-month period ? up 47.46%; and year-to-date ? up 55.61%

After yesterday's close, Infinera's market cap was at $1.46 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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