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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 (NASDAQ: INFN) and Seaborn Networks announced the launch of submarine network services on Seaborn's AMX-1 segment, enhancing connectivity between the U.S. and Brazil. Utilizing Infinera's XT Series submarine network platforms and Infinite Capacity Engine (ICE) technology, the new network offers improved architecture and spectral efficiency, allowing for optical bypass of cable landing stations. This development aims to meet the rising demand for bandwidth across the Americas, leveraging Infinera's proven optical engines to reduce operational costs and enhance service quality.
Infinera announced the deployment of its 7300 Series Multi-haul Transport Platform by KT Corporation, South Korea’s largest telecom provider, to enhance its nationwide 5G services. This platform supports secure 200G transmission, enabling KT to efficiently scale its network as it expands 5G coverage to 24 major cities. The cost-effective solution reduces initial and equipment sparing costs while optimizing fiber use. Infinera's partnership with Daesung Infotech ensures tailored solutions for KT’s needs.
Infinera announced the deployment of its GX Series G30 Compact Modular Platform by Vogel Telecom, enhancing its network capacity in Brazil. This upgrade addresses the surge in bandwidth demand due to the COVID-19 pandemic, particularly on the high-demand route between São Paulo and Belo Horizonte. Vogel's national fiber network spans over 26,000 km, servicing over 600 cities. The deployment not only responds to immediate needs but also sets the stage for future scalability with Infinera’s ICE6 technology.
Infinera Corporation (NASDAQ: INFN) announced a leadership transition plan, with CEO Tom Fallon stepping down and COO David Heard succeeding him by late 2020. Fallon, who has served 17 years at Infinera and 11 as CEO, will remain on the Board. This transition aims to ensure continuity in leadership and growth, as Heard has substantial experience in executive roles. Additionally, Kambiz Hooshmand will resign as Chairman of the Board, with George Riedel taking over. The company focuses on maintaining growth amidst various industry challenges, including the impacts of the COVID-19 pandemic.
Infinera Corporation (NASDAQ: INFN) reported second-quarter 2020 results, achieving GAAP revenue of $331.6 million, up from $330.3 million in Q1 2020 and $296.3 million in Q2 2019. GAAP gross margin improved to 29.4% from 23.3% in Q1 2020. Despite a net loss of $(61.6) million, or $(0.33) per share, the loss declined from $(99.3) million in Q1. For Q3 2020, GAAP revenue is projected at $334 million +/- $10 million with gross margin expectations of 30.5%.
Infinera (NASDAQ: INFN) announced the deployment of its submarine solution by Orange on the MainOne submarine cable, enhancing digital connectivity in West Africa. This initiative aims to support economic development by significantly increasing regional capacity and resilience through Infinera's ICE4 technology on the XTS-3600 platform. The MainOne cable, spanning 7,000 kilometers, connects several West African nations and is crucial for delivering affordable international connectivity. Infinera's solutions allow for scalable capacity additions, enabling operators to improve service delivery efficiently.
Infinera Corporation (NASDAQ: INFN) will announce its Q2 fiscal 2020 financial results after market close on August 5, 2020. A conference call to discuss these results and the outlook for Q3 will take place at 5:00 p.m. ET. Interested participants can join via audio webcast or dial in using the provided numbers. Pre-registration for the call is encouraged to receive access instructions. Further details, including the link for the archived webcast, will be made available following the live call.
Infinera (NASDAQ: INFN) has been selected by GÉANT, Europe's leading network collaboration for research and education, to provide its 600G transmission technology for a major EU-funded network refresh. This project marks GÉANT's most significant upgrade in a decade, aimed at supporting the growing demand for high-speed services in research and education. Utilizing Infinera's Groove Series Modular Platform and FlexILS Open Optical Line System, the new network is designed to scale to multiple terabits, enhancing security and service reliability.
Infinera and Windstream successfully completed a live network trial achieving 800 gigabits per second transmission over 730 km and 700G over 1,460 km using Infinera’s ICE6 technology. This milestone marks significant advancements in optical networking, enabling longer-distance support for 400 Gigabit Ethernet services. The trial showcased performance improvements, with increased capacity per fiber by up to 70% compared to 400G technology. Windstream aims to leverage this technology to enhance operational efficiency and address growing bandwidth demands.
Infinera Corporation (NASDAQ: INFN) reported Q1 2020 results with GAAP revenue at $330.3 million, down from $384.6 million in Q4 2019 and up from $292.7 million in Q1 2019. The GAAP gross margin decreased to 23.3% from 29.0% in Q4 2019. The GAAP net loss widened to $(99.3) million, or $(0.55) per share. Non-GAAP revenue was $331.4 million, and the non-GAAP net loss was $(49.4) million, or $(0.27) per share. Looking ahead, Infinera expects Q2 2020 GAAP revenue between $319 million and $329 million with an optimistic outlook for long-term growth.
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