Shares of optical networking systems company Infinera are trading sharply higher Friday on strong Q4 results.
FORBES: Infinera Soars On Strong Q4 Results; J.P. Morgan Upgrades
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Networking-equipment vendor Infinera, based in Sunnyvale, Calif.
FORBES: Magazine Article
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But after burning through hundreds of millions of dollars in capital--costs include more than 600 employees and a California factory to crank out its specialized chips--Infinera is finally seeing rapid sales gains, even as it continues to record losses.