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., 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

Cisco Systems

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.

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

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

Infinera Corporation Reports Second Quarter 2022 Financial Results

SAN JOSE, Calif., July 18, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its financial results for the second quarter of fiscal 2022 ended June 25, 2022, after the market closes on July 28, 2022.

Infinera to Announce Fiscal Second Quarter 2022 Financial Results on July 28, 2022

SAN JOSE, Calif. and MEXICO CITY and TOKYO, June 28, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and NEC Corporation (NEC: TSE: 6701) announced today that Neutral Networks deployed Infinera's ICE6 technology for its new transnational neutral fiber optic network NEXT. The companies worked closely together to design the largest optical network modernization between Mexico and the United States, making it the largest project of its kind in the region within the last 20 years. With Infinera's ICE6 800G coherent technology, Neutral Networks' NEXT network will provide high-capacity services and pave the way for future growth in the region.

Infinera and NEC to Modernize Neutral Networks' Mexico to United States Fiber Optic Network with Industry-leading ICE6 800G Solution

SAN JOSE, Calif., June 21, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today Cabildo de Tenerife, the governing body of the island of Tenerife in the Canary Islands, has deployed Infinera's XTM Series across its regional government network infrastructure to increase broadband connectivity throughout the island. Utilizing Infinera's XTM packet-optical solution, government departments throughout Tenerife will be able to enjoy flexible optical and high-speed internet services and extended site connectivity, enabling interconnection of almost all government facilities around the island via the government's corporate data processing center located in the D-ALiX data center facilities.

Infinera's XTM Deployed to Boost Government-wide Network in Canary Islands

ANGI Homeservices

Nokia

The RealReal

Southwestern Energy

While most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

5 Well Known ‘Strong Buy' Stocks Trading Under $10 with Incredible Upside Potential

SAN JOSE, Calif., June 13, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that OTEGLOBE, a leading wholesale carrier in the southeastern Europe region, selected Infinera's ICE6 800G coherent solution for its pan-European network. By deploying Infinera's ICE6, OTEGLOBE will double capacity in selected parts of its diverse terrestrial backbone network and offer new 400 GbE services to its customers.

News for Infinera Stock (INFN)