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Infinera's Financial Woes Cause Management to Take Action

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Infinera's Financial Woes Cause Management to Take ActionPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7835e381-fcae-4834-ba93-4708292dc055.png

Infinera's Financial Woes Cause Management to Take Action

Infinera (NASDAQ: INFN), a manufacturer of optical equipment used by telecommunications carriers, reported its third-quarter results on Nov. 8. Management had previously telegraphed to investors results were going to remain weak. Thankfully, easy year-over-year comparisons allowed the company to finally show revenue growth. However, profitability still remains elusive.

To jump-start the company's return to profitability, management announced a companywide restructuring plan. Let's dig into the details.

Image source: Getty Images.

Source: Fool.com