Xtera Communications Inc (XCOM) Releases Earnings Results, Misses Expectations By $-1.02 EPS

Xtera Communications Inc (XCOM) reported quarterly earnings results on Thursday, Aug-11-2016. The company reported $-1.35 earnings per share for the quarter, missing the analyst consensus estimate by $-1.02. Analysts had a consensus of $-0.33. The company posted revenue of $5.30 million in the period, compared to analysts expectations of $16.71 million. The company’s revenue was down -67.3% compared to the same quarter last year.

Many Wall Street Analysts have commented on Xtera Communications Inc. Shares were Reiterated by Needham on Jun 14, 2016 to “Buy” and Lowered the Price Target to $ 2.50 from a previous price target of $5 .Shares were Reiterated by Needham on May 18, 2016 to “Buy” and Lowered the Price Target to $ 5 from a previous price target of $9 .

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.

Xtera Communications Inc

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