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Technology Stocks : Infinera
INFN 6.510-3.8%Oct 20 4:00 PM EDT

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From: The Ox5/13/2016 11:01:53 AM
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San Diego, CA -- ( SBWIRE) -- 05/12/2016 -- An investigation on behalf of investors of Infinera Corp. ( NASDAQ:INFN) shares over potential securities laws violations in connection certain financial statements was announced.

Investors who purchased shares of Infinera Corp. ( NASDAQ:INFN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Infinera Corp. ( NASDAQ:INFN) concerning whether certain statements regarding Infinera's business, its prospects and its operations were materially false and misleading at the time they were made.

Infinera Corp. reported thart its Total Revenue rose from $668.08 million for the 12 months period that ended on December 27, 2014 to $886.72 million for the 12 months period that ended on December 26, 2015 and that its Net Income for those respective time periods increased from $13.66 million to $51.41 million. On April 27, 2016, Infinera Corp. reported its first quarter 2016 financial results.

Shares of Infinera Corp. ( NASDAQ:INFN) declined from as high as $24.12 per share in August 2015 to as low as $11.50 per share on May 3, 2016.
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