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 Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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?

Farfetch

Gritstone Oncology Inc

Iris Energy Ltd

SoundHound AI Inc

With the extreme volatility in today's stock market, gaining an edge requires more than just a list of penny stocks to watch. Investors need to leverage the right tools and resources.

5 Penny Stocks To Buy According To Analysts, Targets Up To 560%

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.

Infinera to Present at the Rosenblatt Virtual Technology Summit on August 23, 2023

SAN JOSE, Calif. and CONCORD, Calif., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and LightRiver announced today the successful completion of a multi-vendor interoperability technology demonstration that leverages the latest generation of coherent pluggable solutions and validates how network orchestration can provide substantial improvements in network efficiency and enable new high-speed business services. The demonstration is based on Infinera's ICE-X intelligent coherent pluggable technology and LightRiver's netFLEX® Transport Domain Orchestration and Control Software combined with Infinera's Intelligent Pluggables Manager (IPM) software, providing seamless multi-vendor network automation.

LightRiver and Infinera to Showcase the Power of Next-Gen Coherent Pluggables in Delivering High-speed Business Services in Multi-Vendor Networks

Infinera slightly beat revenue and earnings expectations. A high short interest appears to be leading some shorts to cover today.

Why Infinera Rallied Today

Infinera Corporation (NASDAQ:INFN ) Q2 2023 Earnings Call August 9, 2023 5:00 PM ET Company Participants Amitabh Passi - Head of Investor Relations David W. Heard - Chief Executive Officer Nancy L.

Infinera Corporation (INFN) Q2 2023 Earnings Call Transcript

Infinera (INFN) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.05 per share a year ago.

Infinera (INFN) Reports Break-Even Earnings for Q2

SAN JOSE, Calif., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its second quarter ended July 1, 2023.

Infinera Corporation Reports Second Quarter 2023 Financial Results

Infinera Corporation's share price has fluctuated significantly in recent months, peaking at $7.8 in the last 52 weeks, but the company's strong earnings outlook makes it a potential buy. The company, which operates in the communications equipment industry, has invested heavily in R&D and is establishing strong partnerships, including with KAMO Power for the deployment of the Infinera XTM series. Despite facing challenges such as supply chain constraints and potential macroeconomic slowdowns, Infinera's valuation and strong steps towards growing its market share make it a solid investment opportunity.

Infinera Corporation: Solid Business And Solid Outlook

SAN JOSE, Calif., July 20, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its financial results for the second quarter of fiscal 2023 ended July 1, 2023, after the market closes on August 9, 2023.

Infinera to Announce Fiscal Second Quarter 2023 Financial Results on August 9, 2023

SAN JOSE, Calif., July 10, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that KAMO Electric Cooperative, Inc. (KAMO Power) is deploying Infinera's XTM Series on its 2,700-route-mile rural network to serve its 17 member cooperatives across northeast Oklahoma and southwest Missouri. The deployment upgrades KAMO Power's network, providing the cooperative with an open optical network that delivers high-capacity, reliable, and secure transport services.

KAMO Power Deploys Infinera's XTM Series to Upgrade Its Rural Broadband Network

SAN JOSE, Calif., July 03, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Scotty Benda has joined Infinera as Senior Vice President of Worldwide Systems Engineering. In this role, Scotty will provide strategic leadership and direction for technical sales systems engineering within the global sales organization, further strengthening Infinera's industry-leading team of optical networking experts, advisors, and innovators.

Infinera Appoints Industry Veteran Scotty Benda as Senior Vice President of Worldwide Systems Engineering

Fastly

Twilio

Telecom has been a booming industry for as long as some of us have been alive. From the dot-com boom and bust to the FAANG companies and Cloud Czars, fortunes have been made by letting people interact with each other more easily.

3 Millionaire-Maker Next-Gen Telecom Stocks to Buy and Hold Forever

Seamless network upgrade enables global carrier to meet terabit-scale customer demands and diversity requirements Seamless network upgrade enables global carrier to meet terabit-scale customer demands and diversity requirements

Arelion Doubles Capacity on Ashburn-Atlanta Route with Infinera's L-band Technology

SAN JOSE, Calif., May 22, 2023 (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 2023 Global Technology, Media and Communications Conference

SAN JOSE, Calif., May 18, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today the successful completion of a live network trial with Hawe Telekom leveraging Infinera's ICE6 800G coherent solution. The trial, conducted on Hawe Telekom's Warsaw-Poznan-Frankfurt route, validates Hawe Telekom's readiness to provide high-bandwidth wholesale services to operators in Poland and interconnections to neighboring countries.

Polish Operator Hawe Telekom Achieves Single-module 1.6 Tb/s with Infinera's ICE6

Transactions further strengthen Infinera balance sheet while keeping average debt coupon expense at less than 3.5% across capital structure Transactions further strengthen Infinera balance sheet while keeping average debt coupon expense at less than 3.5% across capital structure

Infinera Corporation Announces the Repurchase of Approximately $83.9M of Convertible Senior Notes Due 2024 using Proceeds from the Reopening of Convertible Senior Notes Due 2028

SAN JOSE, Calif. and MIAMI, May 16, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and Liberty Networks announced today the deployment of Infinera's ICE6 800G coherent solution to upgrade and expand the capacity of Liberty Networks' Florida Transport Network (FTN). This network enhancement enables Liberty Networks to offer new and efficient high-speed 400 GbE client services to its end-user customers.

Liberty Networks Powers New Routes Across Florida with Infinera's ICE6 800G Technology

TOKYO, May 09, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN), a pioneer of advanced optical networking solutions, today announced it has successfully completed the industry's first testing of point-to-multipoint coherent pluggable transceiver technology in Japan in collaboration with Sumitomo Electric. The testing showcased multiple optical transmission demonstrations and the role that XR optics technology can play in helping network operators in Japan cost-effectively keep pace with relentless bandwidth growth driven by 5G, high-speed broadband, cloud-based services, and data center interconnect.

Infinera and Sumitomo Electric First to Demonstrate Revolutionary Point-to-Multipoint Optical Transmission Technology in Japan

SAN JOSE, Calif., May 08, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today the successful completion of a simulated intercity network trial for Telstra InfraCo's intercity fiber project in Australia. The trial delivered a leading-edge 61.3 terabits per second (Tbps) of unregenerated data transmission capacity on a fiber pair over the equivalent of 1,240 route kilometers between Melbourne and Sydney. The network trial was implemented using Infinera's 800G-capable ICE6 coherent solution and Corning Incorporated's SMF-28® ULL fiber with advanced bend, demonstrating the high-performance capability of the express network, which is part of the intercity fiber network Telstra InfraCo is building across Australia.

News for Infinera Stock (INFN)