MARKET COMPOSITE
INFN - Infinera Corp.8:00:00 PM 6/14/2024
Price
$5.23
-0.01 (-0.19%)
Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series of modular and sled-based platforms to support a variety of transport network applications; 7300 series, an SDN-ready coherent optical transport system; FlexILS open line system platform that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and 7090 and 7100 series packet transport platforms. It also offers Infinera XTM series packet-optical transport platform that enables high performance metro networks with service-aware, application-specific capabilities; XTC series multi-terabit packet optical transport platforms that integrate digital OTN switching and optical WDM transmission; mTera series universal transport platform; and XT series for long-haul and subsea applications. In addition, the company Infinera Cloud Xpress Family designed to meet the varying needs of ICPs, communication service providers, internet exchange service providers, enterprises, and other large-scale data center operators; DRX series of routers; and 8600 series of SDN-ready Internet Protocol/MPLS routers. Further, it provides transcend software suite; Infinera CNOS, a hardware-independent network operating system; and a range of support services for all hardware and software products. The company also serves telecommunications service providers, internet content providers, cable providers, wholesale carriers, research and education institutions, large enterprises, and government entities. It markets and sells its products and related support services primarily through its direct sales force. The company was formerly known as Zepton Networks. Infinera Corporation was founded in 2000 and is headquartered in Sunnyvale, California.
Financials
Quarterly financials
(USD)Mar 2024Q/Q
Revenue306.9MM-32%
Gross Profit110.4MM-37%
Cost Of Revenue196.5MM-29%
Operating Income-43MM-482%
Operating Expenses153.4MM-6%
Net Income-61.4MM-577%
R&D77.3MM-3%
G&A32.8MM-6%
Marketing40.7MM-4%
Amortization2.3MM-
Interest Expense8.6MM-2%
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Stock news

    SAN JOSE, Calif., June 12, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Digicel has deployed Infinera’s GX Series, featuring Infinera’s ICE6 800G and FlexILS solutions, to light the Deep Blue One subsea cable connecting French Guiana, Suriname, Guyana, and Trinidad and Tobago. The deployment offers service providers new, best-in-class connectivity to the southern Caribbean region. Deep Blue One is a new subsea cable system that spans 2,100 kilometers (km) in the Caribbea

    As we enter June, the stock market presents a unique opportunity for savvy investors to uncover hidden gems and undervalued companies. Bargain stocks are often overlooked by the mainstream market. However, they can offer significant upside potential for those willing to do their due diligence and invest in fundamentally strong businesses. The seven following stocks have been carefully selected based on thorough research and analyses. These companies span across different sectors and industries,

    SAN JOSE, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it received an expected delinquency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on May 15, 2024 (the "Notice"). The Notice indicated that Infinera remains in noncompliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 30, 2024 (the “

    SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it will participate in the following webcasted investor conference: J.P. Morgan 2024 Global Technology, Media and Communications ConferenceDate: Wednesday, May 22, 2024Presentation: 8:40am EDT / 5:40am PDTSpeaker: Nancy Erba, CFOWebcast: investors.infinera.com and click on “Events” Contacts: Infinera Media:Anna VueTel. +1 (916) 595-8157avue@infinera.com Infinera Investors:Amitabh Passi, Head of Invest

    SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Regan MacPherson has been named Chief Legal Officer and Corporate Secretary, effective May 18. Ms. MacPherson will report to Infinera Chief Executive Officer David Heard and will oversee the company’s global legal strategy and corporate governance matters and policies. Ms. MacPherson succeeds David Teichmann, whose distinguished tenure with the company includes trusted and empathetic leadership during

    SAN JOSE, Calif., May 16, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today the successful completion of desktop simulated network evaluations using Telstra InfraCo’s Australian intercity optical fibre. The desktop evaluations were conducted on two simulated links − the 1,240-km link between Melbourne and Sydney and the 3,937-km link between Perth and Sydney − achieving a groundbreaking fibre capacity of 83.6 Tbps and 57.6 Tbps, respectively. These results represent a new benchmar

    INFN earnings call for the period ending March 31, 2024.

    SAN JOSE, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Indonesian network operator Super Sistem Group (Super Sistem) has selected Infinera’s GX Series and ICE6 800G coherent solution to power the Super Sistem Batam Singapore (SSBS) Cable System connecting Batam to Singapore. The SSBS is a subsea fiber optic cable system and is part of a broader initiative to bring broadband to underserved communities. The deployment of Infinera’s solution will help to inc

    Despite a revenue dip, INFN shows resilience with strong bookings and strategic initiatives poised to bolster future growth.

    SAN JOSE, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released preliminary financial results for its first quarter ended March 30, 2024. Although presented with numerical specificity, all amounts in this press release are preliminary and based on management’s current expectations as of the date of this press release. These results are subject to all aspects of the final quarterly review process and may change as a result of new information that arises, or n