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 2023

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ICE6 grabs over 30 percent of product revenue in the quarter, including from several large customers - projected to be at 20-25 percent of full-year revenue for 2022. When taking into account the company absorbed over $50 million in supply chain cost in 2022, expected revenue growth for full-year 2022 is a solid performance.

Infinera: Short-Term Pain, But ICE6 And Pluggables Should Drive Long-Term Growth

Infinera (INFN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Infinera (INFN) Shows Fast-paced Momentum But Is Still a Bargain Stock

SAN JOSE, Calif., Dec. 14, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced that it received an “AA” environmental, social, and governance (ESG) ratings score in the new 2022 MSCI ESG Ratings. The “AA” rating reinforces Infinera's focus on and commitment to minimizing risks and maximizing opportunities relating to ESG.

Infinera Receives “AA” ESG Rating From MSCI

SAN JOSE, Calif., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) will hold an Investor Day on Tuesday, March 7, 2023, at the Omni Hotel in San Diego, California. The event will take place from 4:00 p.m. to 7:00 p.m. Pacific Time and include presentations by members of executive management, followed by a reception. In-person attendance is by invitation only.

Infinera Announces 2023 Investor Day

SAN JOSE, Calif., Nov. 28, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it will participate in the following webcasted investor conference:

Infinera to Participate in Raymond James Technology Investors Conference

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The Zacks Computer - Networking industry players like CSCO, INFN and RDCM are poised to benefit from accelerated 5G deployment, robust demand for network security and the growing prominence of smart networking.

3 Stocks to Watch for in a Flourishing Networking Industry

SAN JOSE, Calif., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Gulf Bridge International (GBI) has deployed Infinera's ICE6 800G optical engine across its submarine and terrestrial networks between the Middle East and Europe to increase capacity in preparation for the World Cup, which commences this Sunday. The upgrade to ICE6 doubles GBI's network capacity and provides connections of up to 800G per wavelength. GBI was able to rapidly and seamlessly integrate this new technology over its existing third-party optical line system by leveraging open optical networking principles. The integration of this technology enables GBI to provide high-speed streaming of the World Cup and offer 400 GbE services to its customers.

GBI Deploys Infinera's ICE6 800G Optical Engine to Boost Capacity Ahead of the World Cup

The average of price targets set by Wall Street analysts indicates a potential upside of 27.5% in Infinera (INFN). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think Infinera (INFN) Could Surge 28%: Read This Before Placing a Bet

SAN JOSE, Calif., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) has been awarded a Telecom Infra Project (TIP) Requirements Compliant Bronze Badge for its GX G42 Compact Modular Optical Transport 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) project group in TIP.

Infinera GX Solution Receives Telecom Infra Project Award for Open SDN Transport Requirements

Infinera Corporation (NASDAQ:INFN ) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Amitabh Passi - Head of Investor Relations David Heard - Chief Executive Officer Nancy Erba - Chief Financial Officer Conference Call Participants Catherine Trebnick - MKM Partners Dave Kang - B. Riley Alex Henderson - Needham Mike Genovese - Rosenblatt Securities Simon Leopold - Raymond James Meta Marshall - Morgan Stanley Fahad Najam - Loop Capital Jim Suva - Citigroup George Notter - Jefferies Angela Jin - JPMorgan Alex Henderson - Needham Operator Ladies and gentlemen, thank you for standing by, and welcome to Infinera Corp. Third Quarter 2022 Earnings Call.

Infinera Corporation (INFN) Q3 2022 Earnings Call Transcript

Infinera (INFN) delivered earnings and revenue surprises of 400% and 2.58%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Infinera (INFN) Surpasses Q3 Earnings and Revenue Estimates

SAN JOSE, Calif., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its third quarter ended September 24, 2022.

Infinera Corporation Reports Third Quarter 2022 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.

Infinera (INFN) Earnings Expected to Grow: Should You Buy?

SAN JOSE, Calif., Oct. 18, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Algar Telecom, a leading provider of telecom and IT solutions within Algar Corporation, has selected Infinera to modernize and scale its subsea network infrastructure. Powered by Infinera's ICE6 800G optical engine, GX Series Compact Modular Platform, and FlexILS Open Optical Line System, the Infinera subsea solution enables Algar Telecom to increase spectrum capacity and reduce transport cost per bit while leveraging the latest generation of coherent technologies to enhance network functionality and expand market opportunities.

Algar Telecom Selects Infinera Best-in-Class Coherent Transport Solution to Modernize and Scale Subsea Network

SAN JOSE, Calif., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Angola Cables selected Infinera's ICE6 technology to upgrade its subsea network connecting Miami and São Paulo, adding more capacity to support its enterprise, Tier 1 operator, and global content provider customers. The upgrade to Infinera's 800G coherent solution enables Angola Cables to prepare its network to meet continuously growing bandwidth demands by delivering secure, high-capacity services.

Angola Cables Selects Infinera's ICE6 Technology to Upgrade Subsea Network Connecting Brazil and the US

SAN JOSE, Calif., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its financial results for the third quarter of fiscal 2022 ended September 24, 2022, after the market closes on November 2, 2022.

Infinera to Announce Fiscal Third Quarter 2022 Financial Results on November 2, 2022

Infinera Corporation supplies networking solutions, software, and services. INFN works for industries that expect significant growth. Ultimate users of INFN use technologies like 4G/5G mobile broadband, cloud-based services, and the Internet of Things.

Infinera: Use Of 5G Would Imply Higher Stock Price

SAN JOSE, Calif., Sept. 02, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it will participate in the following webcasted investor conference:

Infinera to Participate in Citi's 2022 Global Technology Conference

SAN JOSE, Calif., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today the closing of its previously announced offering of 3.75% convertible senior notes due 2028 (the “2028 Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). After the exercise in full of the option to purchase additional 2028 Notes, the aggregate principal amount of 2028 Notes issued in the offering was $373.75 million, with the Company receiving net proceeds (after fees and other expenses) of approximately $362.50 million.

Infinera Completes $373.75 Million Convertible Senior Notes Offering and Repurchases Approximately $300 Million of 2024 Convertible Notes

San Jose, Calif., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today the pricing of $325 million aggregate principal amount of convertible senior notes due 2028 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering was upsized from an originally announced $275 million in aggregate principal amount. Infinera expects the offering of the Notes to close on August 8, 2022, subject to customary closing conditions. Infinera also granted the initial purchaser of the Notes a 13-day option to purchase up to an additional $48.75 million in aggregate principal amount of Notes.

Infinera Announces Upsize and Pricing of $325 Million Convertible Senior Notes Offering and Repurchase of Approximately $300 Million Aggregate Principal Amount of Convertible Senior Notes due 2024

The communications hardware maker's stock is now down roughly 46% year to date.

Why Infinera Stock Is Plummeting Today

SAN JOSE, Calif., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced that it intends to offer, subject to market conditions and other considerations, $275 million aggregate principal amount of convertible senior notes due 2028 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Infinera also expects to grant the initial purchaser of the Notes a 13-day option to purchase up to an additional $41.25 million in aggregate principal amount of Notes.

Infinera Corporation Announces Proposed $275 Million Convertible Senior Notes Offering

Infinera Corporation (NASDAQ:INFN ) Q2 2022 Earnings Conference Call July 28, 2022 5:00 PM ET Company Participants Amitabh Passi - Investor Relations David Heard - Chief Executive Officer Nancy Erba - Chief Financial Officer Conference Call Participants Rod Hall - Goldman Sachs Alex Henderson - Needham Michael Genovese - Rosenblatt Securities Simon Leopold - Raymond James Meta Marshall - Morgan Stanley Jim Suva - Citigroup George Notter - Jefferies Operator Good day. My name is Savannah and I will be your conference operator today.

Infinera Corporation (INFN) CEO David Heard on Q2 2022 Results - Earnings Call Transcript

Infinera (INFN) delivered earnings and revenue surprises of 28.57% and 2.27%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Infinera (INFN) Reports Q2 Loss, Tops Revenue Estimates

SAN JOSE, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its second quarter ended June 25, 2022.

News for Infinera Stock (INFN)