Competition And Market ShareOther equipment suppliers noted slower recoveries in telco spending, but most saw improvements, meaning there could also be some share loss for INFN.
Revenue PerformanceINFN's Q3 revenue came in weaker than expected, as strength in the cloud vertical was largely offset by continued weakness with Tier 1 and other service provider customers.
Service Provider ChallengesOverall INFN revenue declined 10% as the cloud vertical grew, but was offset by Tier 1 service provider exposure contracting significantly.