Infinera

Infinera Corp. engages in the provision of networking solutions, which consists of networking equipment, software and services. It operates through the following geographical segments: United States, Other Americas, Europe, Middle East and Africa, and Asia Pacific and Japan. Its products include control and automation, network routers, packet optical, and compact modular. The company was founded by David F. Welch, Drew Daniel Perkins, and Jagdeep Singh in December 2000 and is headquartered in San Jose, CA.

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Infinera reports robust Q4 earnings, eyes growth amidst challenges

Infinera's Q4 performance reflects resilience and growth potential despite challenges in supply chain costs and product mix.
The company's strategic focus on innovation, margin expansion, and market outgrowth positions it for a promising 2023.
Financial stability, positive cash flow expectations, and operational advancements underscore Infinera's solid performance in 2022.
Navigating challenges while capitalizing on opportunities will be crucial for Infinera's sustained success and market competitiveness.

Infinera excels in Q1 with margin expansion and growth strategy

Infinera's Q1 2023 performance reflects operational efficiency, margin expansion, and exceeding financial targets, positioning the company for continued growth.
While challenges exist in customer dynamics and revenue predictability, the company's strategic focus and pricing strategy drive profitability and market competitiveness.
Opportunities in leveraging strong performance, innovation focus, and client engagement present avenues for sustained growth and market expansion.
Overall, Infinera's emphasis on execution, growth strategy, and financial discipline underpin a positive outlook for future performance and market positioning.

Infinera surpasses Q2 expectations, eyes growth amid industry challenges

Infinera's Q2 performance exceeded expectations, showcasing strength in strategic wins and margin expansions.
While facing revenue adjustments and industry challenges, the company remains confident in its growth trajectory.
Investments in subsystems and pluggables, along with market positioning, provide opportunities for future growth and EPS expansion.

Infinera exceeds Q3 expectations, eyes growth through vertical integration

Infinera's Q3 performance showcased strong results and positive outlook for growth, emphasizing bottom-line expansion and earnings per share increase. Despite challenges in accounting and pricing dynamics, the company remains focused on executing its strategy and meeting customer demands.

Infinera exceeds Q4 expectations, eyes revenue growth and margin improvement

Infinera's Q4 2023 earnings call showcased strong performance, strategic wins, and growth prospects. Despite challenges in Q1 2024, the company remains optimistic about revenue growth, margin improvement, and geographic expansion. Opportunities in hyperscale wins and product innovation position Infinera for continued success.

Infinera faces revenue challenges in Q1 2024 but eyes growth

Infinera's Q1 2024 performance was impacted by revenue shortfall and operating loss, but strategic wins and focus on efficiencies offer growth potential.
Challenges include market fluctuations and revenue decline, but opportunities lie in backlog growth, volume expansion, and market share capture.
Overall, Infinera's outlook for 2024 signals a path towards improved financials, with a strong focus on strategic positioning and operational enhancements.

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Infinera (NASDAQ: INFN ), a maker of optical equipment, is soaring today on news that Nokia (NYSE: NOK ) will acquire it in a $2.3 billion deal. Nokia appears to have decided to acquire Infinera in order to double down on its artificial intelligence (AI) data center business and compete more effectively with Huawei and Ciena (NYSE: CIEN ).

INFN Stock Alert: Nokia Boosts Infinera With $2.3 BILLION Buy

MONSEY, N.Y., June 28, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Infinera Corporation (Nasdaq: INFN) (“Infinera”) to Nokia for $6.65 per share.

INFN Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Infinera to Nokia

Nokia

Shares of Infinera (INFN) soared in premarket trading Friday, a day after the optical networking solutions company agreed to be acquired by Finnish telecommunications firm Nokia (NOK) for $2.3 billion.

Infinera Soars After $2.3 Billion Deal to Be Acquired by Nokia

Ciena

The combined Nokia and Infinera will have a market share of around 20% globally, broadly equal to Ciena but lagging Huawei's 31% share.

Infinera Stock Soars on Nokia Acquisition. It's Challenging Ciena and Huawei.

Nokia's bid to buy U.S. optical networking gear maker Infinera in a $2.3 billion deal puts the Finnish company on track to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence.

Nokia taps AI boom with $2.3 bln Infinera purchase

Finnish telecommunications major Nokia Corporation will be acquiring California-based telecommunication equipment company Infinera Corporation for $2.3 billion in a bid to scale up its optical business, the company announced on Thursday. Infinera's stock rose 18% after the deal announcement.

Nokia to acquire Infinera for $2.3-billion to scale up optical business

Nokia CorporationInside Information 27 June 2024 at 23:50 EEST Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap Creates a highly scaled and truly global optical business with increased in-house technology capabilities and vertical integration. Strengthens Nokia's optical position, specifically in North America.

Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap

Nokia is exploring a potential acquisition of Infinera Corp , a maker of optical telecommunications equipment, Bloomberg News reported on Thursday, citing people familiar with the matter.

Nokia considering potential acquisition of Infinera, Bloomberg News reports

Infinera (INFN) demonstrates xHaul's multi-vendor handling capability in the European Open Test & Integration Center in collaboration with DZS and Calnex.

Infinera (INFN) Demonstrates 5G Ability in Multi-Vendor Test

SAN JOSE, Calif., June 17, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today a successful multi-vendor demonstration of 5G mobile broadband xHaul using coherent open XR optics point-to-multipoint optical transmission. The multi-vendor interoperability testing, conducted with DZS and Calnex, represents a key step toward enabling mobile operators to greatly simplify and cost-reduce 5G and next-generation mobile transport network rollouts through the reduction of the number of optical transceivers, resulting in significant total cost of ownership savings.

Infinera, DZS, and Calnex Successfully Demonstrate 5G Mobile xHaul with Open XR Point-to-Multipoint Optics in European Open Test & Integration Center in Torino

SAN JOSE, Calif., June 12, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Digicel has deployed Infinera's GX Series, featuring Infinera's ICE6 800G and FlexILS solutions, to light the Deep Blue One subsea cable connecting French Guiana, Suriname, Guyana, and Trinidad and Tobago. The deployment offers service providers new, best-in-class connectivity to the southern Caribbean region.

Digicel Deploys Infinera's GX Series for Deep Blue One Subsea Cable System

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SAN JOSE, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it received an expected delinquency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on May 15, 2024 (the "Notice"). The Notice indicated that Infinera remains in noncompliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 30, 2024 (the “Form 10-Q”), as described more fully in Infinera's Form 12b-25 Notification of Late Filing (the “12b-25”) filed with the Securities and Exchange Commission (the "SEC") on May 10, 2024. The Listing Rule requires listed companies to timely file all required periodic financial reports with the SEC. On May 14, 2024, Infinera announced its preliminary financial results for the quarter ended March 30, 2024.

Infinera Corporation Announces Notification of Delinquency with Nasdaq

SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it will participate in the following webcasted investor conference:

Infinera to Participate in J.P. Morgan's 2024 Global Technology, Media and Communications Conference

SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Regan MacPherson has been named Chief Legal Officer and Corporate Secretary, effective May 18. Ms. MacPherson will report to Infinera Chief Executive Officer David Heard and will oversee the company's global legal strategy and corporate governance matters and policies. Ms. MacPherson succeeds David Teichmann, whose distinguished tenure with the company includes trusted and empathetic leadership during a period marked by challenging macro dynamics. Mr. Teichmann will remain with the company in an advisory role to ensure a smooth transition.

Infinera Names Regan MacPherson Chief Legal Officer and Corporate Secretary

Infinera Corporation (NASDAQ:INFN ) Q1 2024 Results Conference Call May 14, 2024 5:00 PM ET Company Participants Amitabh Passi - Head of Investor Relations David Heard - CEO & Director Nancy Erba - Chief Financial Officer Ron Johnson - Senior VP & GM of Infinera's Optical Subsystems and Global Engineering Conference Call Participants Samik Chatterjee - JPMorgan Simon Leopold - Raymond James Christian Schwab - Craig-Hallum Capital Group Michael Genovese - Rosenblatt Securities Karan Juvekar - Morgan George Notter - Jefferies David Kang - B. Riley Operator Thank you for standing by.

Infinera Corporation (INFN) Q1 2024 Earnings Call Transcript

SAN JOSE, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Indonesian network operator Super Sistem Group (Super Sistem) has selected Infinera's GX Series and ICE6 800G coherent solution to power the Super Sistem Batam Singapore (SSBS) Cable System connecting Batam to Singapore. The SSBS is a subsea fiber optic cable system and is part of a broader initiative to bring broadband to underserved communities. The deployment of Infinera's solution will help to increase access and provide affordable connectivity across Indonesia, including remote islands in the region.

Super Sistem Selects Infinera's GX Series for SSBS Cable System to Expand Connectivity to Indonesia

SAN JOSE, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released preliminary financial results for its first quarter ended March 30, 2024. Although presented with numerical specificity, all amounts in this press release are preliminary and based on management's current expectations as of the date of this press release. These results are subject to all aspects of the final quarterly review process and may change as a result of new information that arises, or new determinations that are made, in this process.

Infinera Corporation Reports Preliminary First Quarter 2024 Financial Results

SAN JOSE, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its preliminary financial results for the first quarter of fiscal 2024 ended March 30, 2024, after the market closes on May 14, 2024.

Infinera to Announce Preliminary Fiscal First Quarter 2024 Financial Results on May 14, 2024

SAN JOSE, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) has issued a press release with a summary of key financial results for the fourth quarter and fiscal year ended December 30, 2023. The press release is also published on Infinera's Investor Relations website.

Infinera Corporation Fourth Quarter and Fiscal 2023 Summary of Key Financial Results

SAN JOSE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it expects to file its fiscal year 2023 Annual Report on Form 10-K on or before May 13, 2024. The company, along with its auditors, is continuing to make progress with the normal year-end close process.

Infinera Provides Update on the Expected Filing of its Fiscal 2023 Form 10-K

SAN JOSE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Paratus Group, a leading network provider in Africa, deployed Infinera's  GX Series and FlexILS solutions to offer the lowest-latency express route between Johannesburg and Lisbon, delivering services with a latency of 123 milliseconds and supporting wavelengths up to 800G. Infinera's solutions were deployed on the recently completed 1,890-km Paratus express fiber link between Johannesburg and Europe, via Botswana to Swakopmund, where it connects with the Equiano subsea cable from Namibia to Lisbon and on to London and the rest of Europe.

Infinera GX Series Powers Paratus Superhighway Network Between Johannesburg and Europe

Intrusion

NETGEAR

Weak global economic conditions, inventory absorption by customers and volatile supply chain dynamics continue to be concerns. Also, weak demand from telco and cable service provider customers is affecting the performance of some of the participants of the Zacks Computer - Networking industry.

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SAN JOSE, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Aire Networks, a subsidiary of Grupo Aire, deployed Infinera's software-programmable ICE-X coherent pluggable solution to expand the capacity of its single-fiber network infrastructure across Spain and Portugal. The ability of Infinera's innovative ICE-X solution to provide ultra-high-speed transmissions over a single fiber in a pluggable form factor enables Aire Networks to continue to meet the bandwidth demands of its customers while maintaining its cost-effective single-fiber infrastructure.

Aire Networks Deploys Infinera's ICE-X Intelligent Coherent Pluggable Solution to Increase Capacity of Its Single-fiber Network

Infinera (INFN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

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