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

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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 Corporation (NASDAQ:INFN ) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants David Heard - Chief Executive Officer Nancy Erba - Chief Financial Officer Amitabh Passi - Head of Investor Relations Conference Call Participants Mike Genovese - Rosenblatt Securities Alex Henderson - Needham and Company Simon Leopold - Raymond James Meta Marshall - Morgan Stanley George Notter - Jefferies Operator Good day! My name is Rob and I will be your conference operator today.

Infinera Corporation (INFN) Q1 2023 Earnings Call Transcript

Infinera (INFN) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.07 per share a year ago.

Infinera (INFN) Tops Q1 Earnings and Revenue Estimates

SAN JOSE, Calif., May 03, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its first quarter ended April 1, 2023.

Infinera Corporation Reports First Quarter 2023 Financial Results

Infinera: Several Long-Term Catalysts

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.

Will Infinera (INFN) Report Negative Earnings Next Week? What You Should Know

SAN JOSE, Calif., April 19, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its financial results for the first quarter of fiscal 2023 ended April 1, 2023, after the market closes on May 3, 2023.

Infinera to Announce Fiscal First Quarter 2023 Financial Results on May 3, 2023

SAN JOSE, Calif., March 20, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that EXA Infrastructure (EXA) has deployed Infinera's ICE6 800G coherent optical solution on the EXA Trans Adriatic Express (TAE), a submarine cable system linking EXA's current European footprint to Turkey via Albania and Greece.

EXA Infrastructure Deploys Infinera's ICE6 Across New Low-latency Trans Adriatic Express

SAN JOSE, Calif. and AUCKLAND, New Zealand, March 15, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and Hawaiki Submarine Cable LP, a subsidiary of BW Digital, announced today the successful completion of a record-breaking trial on Hawaiki Cable. Leveraging Infinera's ICE6 800G coherent optical solution, the trial achieved real-time subsea spectral efficiency of more than 4.5 bits per second per hertz (b/s/Hz) on an uncompensated cable spanning 15,000 km and connecting Australia and the United States.

Hawaiki Achieves Record-breaking Performance on 15,000 km of Uncompensated Subsea Cable with Infinera ICE6

Infinera (INFN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Infinera (INFN) Moves 7.7% Higher: Will This Strength Last?

Infinera Corp , a U.S. manufacturer of semiconductors for the telecommunications industry that competes with China's Huawei, is exploring options that include a sale of the company, according to a person familiar with the matter.

Exclusive: Semiconductor manufacturer Infinera explores sale -source

SAN JOSE, Calif., March 14, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN), announced today Australia Japan Cable (AJC) is the first to trial Infinera's advanced coherent algorithms for next-generation optical engines. The evolution of advanced signal processing algorithms is critical to continuing to drive down the cost and power per bit of transmission as well as increasing capacity per fiber. The trial was conducted over a 7,289-km segment of the AJC cable system between Paddington, New South Wales, Australia and Tumon Bay, Guam. The trial delivered a 17% increase in total fiber pair capacity compared to the current generation of optical engine deployed in AJC's network.

Australia Japan Cable Trials Infinera's Advanced Coherent Algorithms for Next-generation Optical Engines

SAN JOSE, Calif., March 02, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Ryan Perera has joined Infinera as Senior Vice President of APAC Sales. In this role, Ryan will lead Infinera's efforts to scale the business and achieve faster-than-market growth across the region, fully leveraging Infinera's leading suite of optical systems and subsystems capabilities.

Ryan Perera Joins Infinera as Senior Vice President of APAC Sales

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Amid macroeconomic weakness and supply chain woes, the Zacks Computer - Networking industry players like CSCO, INFN and DGII are poised to benefit from accelerated 5G deployment and increasing demand for network security solutions.

3 Stocks to Keep an Eye On in a Troubled Networking Industry

SAN JOSE, Calif., March 01, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN), a pioneer of advanced optical networking solutions, unveiled today a new portfolio of coherent optical subsystems and coherent pluggable optical engines designed to help network operators cost-effectively keep up with the relentless growth in bandwidth demand while streamlining operations and reducing carbon footprint. The new solutions include a line of high-performance transmit-receive optical sub-assemblies (TROSAs), innovative programmable digital signal processors (DSPs), and a line of high-performance, intelligent pluggable optical transceivers.

Infinera Unveils Portfolio of High-performance Coherent Optical Subsystems and Coherent Pluggable Optical Engines

Infinera (INFN) delivered earnings and revenue surprises of 77.78% and 11.63%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Infinera (INFN) Surpasses Q4 Earnings and Revenue Estimates

Infinera Corporation (NASDAQ:INFN ) Q4 2022 Earnings Conference Call February 23, 2023 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 Alex Henderson - Needham Andrew King - Rosenblatt Securities George Notter - Jefferies LLC Simon Leopold - Raymond James Joe Cardoso - JPMorgan Fahad Najam - Loop Capital Meta Marshall - Morgan Stanley Dave Kang - B. Riley Jim Suva - Citi Operator Good day, everyone, and welcome to the Infinera Corporation Q4 2022 Earnings Conference Call.

Infinera Corporation (INFN) Q4 2022 Earnings Call Transcript

SAN JOSE, Calif., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its fourth quarter and fiscal year ended December 31, 2022.

Infinera Corporation Reports Fourth Quarter and Fiscal 2022 Financial Results

SAN JOSE, Calif., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that the Louisiana Board of Regents, acting on behalf of the statewide Louisiana Optical Network Infrastructure (LONI) and the Board of Supervisors of Louisiana State University and Agricultural and Mechanical College, has selected and deployed Infinera's advanced coherent optical networking solutions to upgrade LONI. Also announced today is the initial deployment of four 400G optical channels along a 220-mile intrastate route in Louisiana.

Louisiana State University Deploys Infinera's XTM and GX Series to Upgrade State's Most Advanced Research and Education Network

SAN JOSE, Calif., Jan. 16, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Infinera's ICE6 800G coherent optical solution has been deployed to modernize and increase capacity on the trans-Pacific Unity Submarine Cable System, which spans 9,620 kilometers and provides operators with a direct cable route linking Japan and the U.S. By upgrading to Infinera's ICE6 solution, the cable system will double capacity and provide operators with the highest capacity services at the lowest cost per bit.

Unity Submarine Cable System Leverages Infinera's ICE6 800G Solution to Double Capacity of the US and Japan Link

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

RADCOM

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.

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