Xtera Communications Inc (XCOM) was Reiterated by Needham to “Buy” while Lowering the Price Target of the company shares to $ 5 from a previous price target of $9 . Needham advised their investors in a research report released on May 18, 2016.
On the company’s financial health, Xtera Communications Inc reported $-0.35 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on May 16, 2016. Analyst had a consensus of $-0.30. The company had revenue of $17.10 million for the quarter, compared to analysts expectations of $23.00 million. The company’s revenue was up 21.3% compared to the same quarter last year.
In a different news, on Nov 18, 2015, Jon R Hopper (CEO) purchased 100,000 shares at $5.00 per share price.
Xtera Communications Inc. is a United States-based telecommunication infrastructure company. The Company is focused on supplying terrestrial and submarine optical backbones. It offers optical networking solutions for network and data center operators across the world. The Company’s portfolio encompasses optical layer equipment and the associated network management software suite as well as the services to deploy and manage optical networks. Its products include NXT Configuration which is deployed on long-haul submarine cable systems and Nu-Wave Optima Configuration which is used for multiple optical networking applications. It offers a portfolio of optical solutions for submarine long-haul regional and enterprise applications. The Company’s solutions include unrepeatered systems repeatered systems and completely new or partly re-deployed submerged plant among others. It provides pre-implementation implementation post-implementation and post deployment services.