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.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

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Earnings data Q2 2024

Earnings data Q3 2024

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 preannounced earnings on Thursday, and the numbers actually look better than expected. Final sales and earnings results aren't certain just yet, but taken at the midpoint, Infinera appears set to beat on both the top and bottom lines for Q4 2023.

Why Infinera Stock Flopped Today

Infinera Corporation (NASDAQ:INFN ) Q4 2023 Earnings Conference Call March 6, 2024 5:00 PM ET Company Participants Amitabh Passi - Head, IR David Heard - CEO Nancy Erba - CFO Ron Johnson - General Manager Conference Call Participants Mike Genovese - Rosenblatt Securities Alex Henderson - Needham & Company George Notter - Jefferies Simon Leopold - Raymond James Kron Geoff - Morgan Stanley Dave Kang - B. Riley Samik Chatterjee - JPMorgan Ruben Roy - Stifel Christian Schwab - Craig-Hallum Capital Alex Henderson - Needham and Company Operator Good afternoon.

Infinera Corporation (INFN) Q4 2023 Earnings Call Transcript

SAN JOSE, Calif., March 06, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) ("Infinera" or the “Company”) today released preliminary financial results for its fourth quarter ended December 30, 2023.

Infinera Corporation Announces Preliminary Unaudited Fourth Quarter 2023 Financial Results

SAN JOSE, Calif., March 06, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today commercial availability of next generation multi-haul optical line system (OLS) functionality on the GX Series compact modular networking platform, the industry's most flexible optical transport solution. Designed for both web-scale operators and communications service providers (CSPs), the enhanced GX platform provides the lowest cost and power per bit solution and the greatest agility for network operators.

Infinera Announces Availability of Next Generation Multi-haul Optical Line System Functionality for Industry-leading GX Series Platform

SAN JOSE, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) ("Infinera” or the “Company”) announced today that it intends to file its Quarterly Report on Form 10-Q for the third quarter of 2023 on or before February 29, 2024.

Infinera Corporation to Announce Preliminary Unaudited Fourth Quarter Fiscal 2023 Financial Results and Outlook for the First Quarter of Fiscal 2024 on March 6, 2024

Infinera (INFN) and Orange collaborate to upgrade the AMITIE subsea cable with INFN's GX Series-based ICE6 coherent solution.

Infinera (INFN) & Orange to Upgrade AMITIE With ICE6 Solution

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SAN JOSE, Calif., Jan. 15, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Orange deployed Infinera's GX Series-based ICE6 coherent solution on its new AMITIE subsea cable, which is ready for service today from an end-to-end point of view and offers network operators unique and robust transatlantic connectivity with ultra-low latency. Orange selected Infinera's solution based on its industry-leading optical performance to offer up to 400 GbE services to its customers from the U.S. to France, and across its long-haul terrestrial backhaul network from Boston to New York and Le Porge to Bordeaux in France.

Orange Deploys Infinera's GX Series to Power AMITIE Subsea Cable, Delivering Global Connectivity on the World's Busiest Route

SAN JOSE, Calif., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) (the “Company” or “Infinera”) today reaffirmed certain preliminary unaudited financial result ranges for the third quarter and outlook ranges for the fourth quarter of 2023. Due to the preliminary nature of the announcement, and since the Company is still finalizing its financials, only select financial metrics are being referenced at this time.

Infinera Expects Preliminary Fourth Quarter 2023 Revenue and Net Income per Diluted Share to be Within or Exceed the Outlook Ranges Provided on November 8, 2023 and Submits Plan of Listing Compliance to Nasdaq

SAN JOSE, Calif., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Xarxa Oberta de Catalunya, also known as Xarxa Oberta or XOC, the leading network provider in Catalonia and a subsidiary of the global Cellnex Group, deployed Infinera's XTM Series to meet the growing broadband demands of government networks across the Catalonia region in Spain. With Infinera's XTM packet-optical solution, Xarxa Oberta can provide government networks up to 400 GbE services on its fiber optic network. Xarxa Oberta also tested Infinera's ICE6 solution on the GX Series Compact Modular Platform, validating its ability to run optical signals up to 800G on its network to allow for scaling in the future.

Xarxa Oberta de Catalunya Deploys Infinera's Optical Transport Solution for Fiber Optic Networks in Catalonia Region

SAN JOSE, Calif., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today Western James Bay Telecom Network (WJBTN) selected Infinera to expand connectivity services to rural communities in northern Ontario, Canada. With Infinera's optical networking solution based on the Infinera XTM Series, the Canadian rural telecom service provider can deliver flexible, reliable, and cost-effective high-bandwidth solutions to its residential, business, and government customers.

Western James Bay Telecom Network Selects Infinera to Expand Broadband Services to Rural Canadian Communities

SAN JOSE, Calif., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it will participate in the following webcasted investor conference:

Infinera to Participate in the Raymond James TMT and Consumer Conference

SAN JOSE, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today it has been awarded a California Competes (CalCompetes) grant valued at up to $14 million over five years by the California Governor's Office of Business and Economic Development (GO-Biz). This is a first step to expand and modernize Infinera's U.S.-based domestic production of next-generation semiconductors and continue to support innovation and economic development in the United States in future years.

Infinera Awarded California Competes Grant to Increase Domestic Production of Next-generation Semiconductors

Infinera announced better-than-expected preliminary third-quarter revenue and earnings. The results are still being finalized amid questions raised by the company's registered accounting firm, but management says any revisions to past results will not include lost revenue.

Why Infinera Stock Popped Today

Infinera Corporation (NASDAQ:INFN ) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants Amitabh Passi - Head, Investor Relations David Heard - Chief Executive Officer Nancy Erba - Chief Financial Officer Conference Call Participants Ruben Roy - Stifel Alex Henderson - Needham Simon Leopold - Raymond James Mike Genovese - Rosenblatt Securities Dave Kang - B. Riley George Notter - Jefferies Christian Schwab - Craig-Hallum Capital Operator Hello, my name is Chris, and I'll be your conference operator today.

Infinera Corporation (INFN) Q3 2023 Earnings Call Transcript

SAN JOSE, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) (or “Company”) today released preliminary financial results for its third quarter ended September 30, 2023.

Infinera Corporation Announces Preliminary Third Quarter 2023 Financial Results

Infinera (INFN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Infinera (INFN) to Report a Decline in Earnings: What to Look Out for

SAN JOSE, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its financial results for the third quarter of fiscal 2023 ended September 30, 2023, after the market closes on November 8, 2023.

Infinera to Announce Fiscal Third Quarter 2023 Financial Results on November 8, 2023

SAN JOSE, Calif. , Oct. 17, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Hawe Telekom selected Infinera's ICE6 800G coherent solution to deliver high-capacity wholesale services to network operators in Poland as well as interconnections to neighboring countries on its Frankfurt-Warsaw-Vilnius route. Hawe Telekom selected Infinera's ICE6 based on the superior economics provided by its industry-leading optical performance as demonstrated during a live network trial from Frankfurt to Warsaw. Leveraging Infinera's ICE6 800G solution, Hawe Telekom will launch its “Super Highspeed Delivery” product, a unique service offering that provides its customers with nx100G services that can be turned up within 48 hours.

Poland's Hawe Telekom Selects Infinera ICE6 800G Solution for High-capacity Services with Rapid Activation

Infinera is a significant player in modern communication technology, providing advanced networking solutions to a diverse clientele. The company's strategic positioning, innovative products, and financial resilience make it an undervalued investment opportunity with potential for future growth. Despite financial recalibrations in 1H2023, INFN has consistently grown, with revenues growing at a 12.5% CAGR since 2013 and improving EBIT margins.

Unpacking Infinera's Performance And Prospects: Is It Time To Buy?

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SAN JOSE, Calif., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and Sumitomo Electric Industries, Ltd. announced today the successful completion of the first demonstration delivering high-speed business services over Sumitomo Electric's passive optical network (PON) infrastructure with Infinera's ICE-X intelligent coherent pluggable optics. The demonstration validated how Sumitomo Electric can leverage next-generation coherent pluggables to provide improvements to network efficiencies and expand capacity, while also enabling new high-speed business services and supporting next-generation applications such as 5G and edge computing.

Infinera and Sumitomo Electric First to Demonstrate High-speed Business Services over 10G-EPON Infrastructure with ICE-X Coherent Pluggable Optics

SAN JOSE, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today its plan to make available to its customers ICE-X intelligent coherent pluggables and compound semiconductor components that will be manufactured in the U.S. and compliant with the Build America, Buy America requirements recently released by the Commerce Department for the Broadband Equity, Access, and Diversity (BEAD) program. Leveraging its domestic optical compound semiconductor fabrication facility in California and advanced testing and packaging facility in Pennsylvania, Infinera's coherent optical solutions enable network operators to efficiently scale their networks, driving down cost per bit and power per bit while helping them meet Build America, Buy America requirements. Infinera's U.S.-based semiconductor production also provides improved supply chain security and resiliency.

Infinera Announces Suite of ICE-X Coherent Pluggables and Compound Semiconductor Components to Comply with Buy America Requirements

SAN JOSE, Calif, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) has been awarded a Telecom Infra Project (TIP) Requirements Compliant Bronze Badge for its Transcend Open Wave Manager Solution, validating its compliance with the open and standard software-defined networking (SDN) API requirements defined by the Mandatory Use Cases for SDN Transport (MUST), a subgroup of the Open Optical Packet Transport (OOPT) Project Group.

Infinera's Transcend Open Wave Manager Receives Telecom Infra Project Award

SAN JOSE, Calif, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that Infinera executives will participate in a fireside chat at the Rosenblatt Virtual Technology Summit this week.

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