Infinera Corp - INFN STOCK NEWS

Infinera (NASDAQ: INFN) has announced a successful trial of its XR optics technology with Virgin Media in the UK, which could enable multi-gigabit services for customers. The trial achieved speeds of up to 400Gbps using existing fiber networks. This advancement builds on a previous trial of 10Gbps technology and aims to meet the growing demand for data driven by streaming and remote work. The technology enhances scalability and flexibility for future upgrades, promising significant improvements in broadband and mobile service delivery.

Infinera Corporation (NASDAQ: INFN) reported its fourth quarter and fiscal year financial results for 2020, showing a quarterly GAAP revenue of $353.5 million, an increase from the previous quarter but a decline from the same quarter in 2019. The company achieved a GAAP gross margin of 35.7% and a GAAP net loss of $(9.9) million, improving from previous quarters. For the fiscal year, GAAP revenue rose to $1,355.6 million. Looking ahead, Infinera projects GAAP revenue for Q1 2021 between $319 million and $339 million.

Infinera (NASDAQ: INFN) has partnered with Allo Technology Sdn Bhd to deploy its GX Series Compact Modular Platform over Allo's nationwide open optical network in Malaysia. This deployment aims to enhance connectivity services by addressing speed and coverage gaps in fixed broadband. The GX Series utilizes 600G technology and is designed for future upgrades to 800G, offering terabit capacity on demand. This collaboration is expected to support Malaysia's digital transformation and improve both residential and business connectivity.

Infinera Corporation (NASDAQ: INFN) will release its financial results for the fourth quarter and fiscal year 2020 on February 23, 2021, after market close. A conference call to discuss these results and the first quarter outlook for 2021 will be held at 5:00 p.m. ET. Interested parties can access the call through audio webcast or dial-in options. A replay will be available shortly after the call concludes. Infinera provides innovative networking solutions that help various sectors scale their network capabilities.

Infinera (NASDAQ: INFN) announced that Softdados has deployed its GX Series Compact Modular Platform and XTM Series to enhance network capacity in Brazil. This deployment addresses a surge in bandwidth demand due to the coronavirus pandemic, facilitating high-capacity internet services for ISPs and enterprises. The scalable GX Series enables quick modernization of Softdados’ long-haul infrastructure, while the XTM Series supports metro access. Infinera’s solutions also provide a clear upgrade path to the advanced 800G Infinite Capacity Engine technology, positioning Softdados for future growth and improved market competitiveness.

Infinera (NASDAQ: INFN) announced the deployment of its XTM Series by KPU Telecommunications in Ketchikan, Alaska, enhancing broadband service connectivity for both residential and business customers.

The solution enables high-speed 200G optical transport over a 167-kilometer-long undersea fiber cable. KPU can now offer scalable bandwidth options, including 1G to 200G transport connectivity, to meet increasing customer demands.

The partnership has already yielded positive results, showcasing Infinera's commitment to service quality and technological flexibility during challenging circumstances.

Infinera (NASDAQ: INFN) announced the deployment of its GX Series Compact Modular Platform by BroadBand Tower in Tokyo, enhancing ultra-low-latency connectivity across its data centers. This solution aims to meet the rising demand for cloud services in the region, especially amid the 5G transition. With secure and scalable offerings, the GX platform facilitates high-capacity network transport. Infinera collaborates with UNIADEX to deliver this advanced optical transport solution, positioning BroadBand Tower for growth in a competitive market.

Infinera (NASDAQ: INFN) has partnered with SSE Enterprise Telecoms for the second phase of a UK-wide network expansion utilizing Infinera's XTM Series. This phase aims to bolster high-capacity services, supporting the rollout of 5G and next-gen connectivity, including IIoT technologies. The network will extend over 30,000 km, enabling high-bandwidth services for businesses. Infinera's XTM Series promises low latency and high-performance synchronization, key for modern digital needs.

Infinera (NASDAQ: INFN) has joined the Innovative Optical and Wireless Network (IOWN) Global Forum, collaborating with NTT, Intel, and Sony to drive innovations for next-generation networks. This consortium aims to enhance communication infrastructure using low-power consumption and ultra-wide bandwidth technologies. Infinera will introduce its XR optics, which is the first point-to-multipoint coherent optical subcarrier aggregation technology, as part of its commitment to this initiative.