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Infinera Corporation, trading under the symbol INFN, is a leading global supplier of innovative open optical networking solutions. The company was established with the vision of creating an infinite pool of intelligent bandwidth, central to the future of communication infrastructure. Infinera empowers network operators, including service providers, cloud operators, governments, and enterprises, to scale network bandwidth, drive service innovation, and automate optical network operations.
Infinera’s extensive portfolio comprises networking equipment, software, and services. Their offerings include optical transport platforms, converged packet-optical transport platforms, compact modular platforms, optical line systems, coherent optical subsystems, a suite of automation software offerings, and professional and support services. This comprehensive portfolio meets the diverse needs of fixed line and mobile network operators, telecommunications service providers, internet content providers, cable providers, wholesale carriers, research and education institutions, large enterprises, utilities, and government entities globally.
The company’s Intelligent Transport Networks play a crucial role in enabling network operators to respond to the rapid increase in bandwidth demand driven by cloud-based services and data center connectivity. For instance, Infinera’s ICE-X solution leverages digital subcarrier technology to transmit up to 200 Gb/s per wavelength on a single fiber, enhancing the service capacity significantly. This technology has been instrumental in partnerships with operators like Aire Networks to deliver high-quality services efficiently.
Recent achievements include collaborations with major players like APFutura and Aire Networks, where Infinera’s advanced technology, such as ICE-X, has demonstrated substantial improvement in network efficiency and capacity. Furthermore, the deployment of the GX Series and ICE7 technologies in simulated networks like Telstra InfraCo’s intercity network displays Infinera’s capability to increase data transmission rates and overall network capacity by integrating cutting-edge fiber optics.
Financially, Infinera has shown consistent growth. The company reported a GAAP revenue of $453.5 million in the recent quarter, reflecting a continuous upward trend from the previous quarters and years. Despite challenges such as supply chain issues and competitive market pressures, Infinera maintains a robust financial position with substantial developments in their product offerings and market reach. The company also announced positive financial outlooks and continued investor confidence, positioning itself for strong future demand cycles.
Infinera’s commitment to innovation extends to its partnerships, like the recent deployment of advanced networking solutions with Paratus Group, showcasing their ability to enhance connectivity and infrastructure resilience across regions.
For more detailed updates and insights on Infinera Corporation’s performance, projects, and financial health, investors and stakeholders can explore further at www.infinera.com.
Infinera Corporation (NASDAQ: INFN) reported Q2 2021 financial results with GAAP revenue of $338.2 million, slightly up from the previous quarter and year-over-year. GAAP gross margin improved to 35.6%, while GAAP operating margin showed a slight loss of (6.9)%. Notably, the net loss decreased to $(35.6) million, or $(0.17) per share, down from prior quarters. The company expects Q3 2021 GAAP revenue in the range of $354 million, demonstrating optimistic growth despite industry challenges. CEO David Heard highlighted strong demand and record backlog optimistically.
Infinera (NASDAQ: INFN) announced a major technology upgrade for TPG Telecom’s PPC-1 submarine cable, enhancing data capacity by 50% from 8 terabits per second to 12 terabits per second using Infinera’s ICE6 800G solution. This upgrade will improve connectivity and reliability between Australia and Guam, serving as a critical internet backbone for Asia Pacific and North America. TPG Telecom has received necessary regulatory approvals, with completion expected this year, reflecting its commitment to meeting growing data demands driven by cloud computing and video streaming.
Infinera Corporation (NASDAQ: INFN) will announce its second quarter fiscal 2021 financial results on August 3, 2021, after market close. An investment community conference call will follow to discuss the results and outlook for Q3 2021, scheduled for the same day at 5:00 p.m. ET. Interested parties can register for the call and access it via webcast. The replay will be available shortly after the live call. For further details, investors can visit Infinera's investor relations website.
Infinera (NASDAQ: INFN) has partnered with Seaborn Networks to deploy its ICE6 800G coherent technology on Seaborn's submarine fiber optic network. This collaboration aims to enhance Seaborn's IP and content services in the Americas, allowing for 400 GbE services and direct PoP-to-PoP transport over distances exceeding 10,000 km. The Smart Spectrum feature will enable flexible spectrum sharing, providing high-capacity solutions while reducing operational costs. The deployment is expected to occur this summer, solidifying Seaborn's position in the market.
Infinera (NASDAQ: INFN) will deploy its ICE6 optical engine solution for the Mediterranean Segment of the PEACE submarine cable system, a collaboration with PEACE Cable International Network and PCCW Global. This technology enables a record-breaking capacity of nearly 25 terabits per fiber pair, enhancing service scalability and flexibility. The 15,000-km cable will connect regions from China to Europe and Africa, significantly lowering latency. The deployment positions Infinera to meet the increasing bandwidth demand across these critical communication routes.
Infinera (NASDAQ: INFN) has been selected by UFINET, a leading telecom infrastructure operator in Latin America, to deploy its ICE6 800G coherent technology in Colombia. This deployment will double UFINET's network capacity and enhance connectivity in previously underserved areas, supporting the growing demand for high-bandwidth services. With over 75,000 km of optical fiber across 17 countries, UFINET aims to provide innovative internet solutions, leveraging Infinera's technology for cost-effective service expansion.
Infinera (NASDAQ: INFN) has partnered with Hokkaido Telecommunications Network Co., Ltd. (HOTnet) to deploy advanced open optical networking solutions, enhancing HOTnet’s high-speed fiber optic network in Hokkaido, Japan. This deployment utilizes Infinera’s GX Series and 7100 Series platforms, enabling HOTnet to meet growing bandwidth demands and provide reliable services, including data center connectivity and broadband access. The collaboration is expected to facilitate economic growth in Hokkaido by improving network infrastructure and service differentiation.
Infinera (NASDAQ: INFN) has expanded its open optical networking solutions with the introduction of ICE-XR pluggables. This new suite, leveraging XR optics technology, targets both point-to-point and point-to-multipoint transport applications. The ICE-XR pluggables offer support for transport rates of 100G, 400G, and 800G, enhancing network performance and reducing operational complexity. Infinera claims potential total cost of ownership savings of up to 70%. Initial deployments are expected in 2022.
Infinera (NASDAQ: INFN) announced a successful proof of concept with NBN Co, Australia’s wholesale broadband provider, using its XR optics technology. The trial showcased XR optics' integration within the nbn Transit Network, demonstrating its ability to simplify network architecture and reduce capital (CapEx) and operational (OpEx) expenditures. The technology provides multiple 100 Gb/s capacity subdivisions, aiding in dynamic capacity management. This initiative marks a significant development for enhancing network capabilities to meet the growing data demands in Australia.
Infinera Corporation (NASDAQ: INFN) reported Q1 2021 financial results with GAAP revenue of $330.9 million, slightly down from $353.5 million in Q4 2020 and $330.3 million in Q1 2020. The GAAP gross margin for the quarter was 35.4%, a slight decrease from 35.7% in Q4 2020. The GAAP net loss widened to $(48.3) million or $(0.24) per share. Non-GAAP revenue was $331.9 million, with a gross margin of 37.6%. For Q2 2021, the outlook is for GAAP revenue of $344 million +/- $10 million.
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