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Infinera Corporation - INFN STOCK NEWS

Welcome to our dedicated page for Infinera Corporation news (Ticker: INFN), a resource for investors and traders seeking the latest updates and insights on Infinera Corporation stock.

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.

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Infinera Corporation (INFN) released preliminary financial results for Q4 2023, showing expected revenue of $435-452 million, GAAP gross margin of 38.0-40.0%, and non-GAAP net income per diluted share of $0.07-$0.13. CEO David Heard highlighted strong performance, with expectations of revenue growth, margin expansion, and earnings per share growth for 2023.
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Infinera (INFN) unveils next-gen multi-haul optical line system on GX Series platform, offering increased capacity and design wins from leading customers. The GX OLS solution aims to provide cost-effective, agile, and carrier-grade features to network operators.
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Infinera (INFN) receives top scores in the 2024 Lightwave Innovation Reviews for its optical networking solutions, including the GX Multi-haul Open Optical Line System, ICTR140 TROSA, and WA'A 400G DSP. The products offer enhanced capacity, performance, and versatility, earning praise from industry experts.
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Infinera Corporation (NASDAQ: INFN) plans to file its Quarterly Report on Form 10-Q for Q3 2023 by February 29, 2024, and release preliminary financial results for Q4 2023 on March 6, 2024. The company expects strong revenue and net income performance for Q4 supported by robust bookings. However, due to ongoing processes, there might be delays in filing the Annual Report on Form 10-K for the fiscal year ended December 30, 2023.
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Infinera (INFN) announced that Orange deployed Infinera’s GX Series-based ICE6 coherent solution on its new AMITIE subsea cable, providing ultra-low latency transatlantic connectivity. This deployment significantly reduces Orange’s energy cost per megabit and minimizes its carbon footprint, positioning Orange as a major player in the global wholesale market.
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Infinera Corporation (INFN) reaffirms preliminary unaudited financial results for Q3 and outlook for Q4 2023, expecting strong performance. The company also submitted a plan of compliance to Nasdaq to address regaining compliance with listing rules.
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Infinera (INFN) partners with Xarxa Oberta de Catalunya to deploy XTM Series to meet growing broadband demands of government networks in Catalonia, Spain. Xarxa Oberta tests ICE6 solution to run optical signals up to 800G, enhancing network capabilities. Infinera's XTM Series equips Xarxa Oberta with innovative packet optical transport solutions for flexible, reliable high-capacity connectivity with low power consumption.
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Infinera (Nasdaq: INFN) has been selected by Western James Bay Telecom Network (WJBTN) to expand connectivity services to rural communities in northern Ontario, Canada. With Infinera's optical networking solution based on the Infinera XTM Series, WJBTN can deliver flexible, reliable, and cost-effective high-bandwidth solutions to its residential, business, and government customers. The partnership aims to support economic development, education, and telehealth access in the region's challenging terrains.
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Infinera (NASDAQ: INFN) will participate in the Raymond James TMT and Consumer Conference on December 4, 2023. The webcast will feature CEO David Heard and VP of Investor Relations Amitabh Passi at 3:25pm EDT / 12:25pm PDT. For more details, visit the webcast link provided or investors.infinera.com under 'Events & Presentations'.
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Infinera (INFN) has been awarded a $14 million CalCompetes grant by the California Governor’s Office of Business and Economic Development to expand and modernize its U.S.-based domestic production of next-generation semiconductors. The grant will enable Infinera to continue driving innovation in compound semiconductor and photonic integrated circuit technologies, contributing to America’s economic and national security in semiconductor innovation, manufacturing, and supply chain resilience.
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FAQ

What is the current stock price of Infinera Corporation (INFN)?

The current stock price of Infinera Corporation (INFN) is $6.6 as of December 20, 2024.

What is the market cap of Infinera Corporation (INFN)?

The market cap of Infinera Corporation (INFN) is approximately 1.6B.

What does Infinera Corporation do?

Infinera Corporation offers open optical networking solutions, enabling network operators to scale bandwidth, innovate services, and automate network operations.

Who are Infinera's primary customers?

Infinera's customers include service providers, cloud operators, governments, enterprises, telecommunications providers, and internet content providers globally.

What is the significance of Infinera's ICE-X technology?

Infinera’s ICE-X technology enhances network efficiency by enabling high-capacity data transmission, supporting up to 200 Gb/s per wavelength on a single fiber.

How has Infinera performed financially recently?

Infinera reported a GAAP revenue of $453.5 million in the latest quarter, showing continuous growth despite market challenges.

What recent projects has Infinera been involved in?

Infinera has recently partnered with Aire Networks and APFutura to enhance network efficiency and capacity using their ICE-X solution.

What are Infinera’s core products?

Infinera's products include optical transport platforms, converged packet-optical transport platforms, compact modular platforms, and coherent optical subsystems.

How does Infinera support cloud-based services?

Infinera’s Intelligent Transport Networks support the increasing demand for cloud services by providing high-bandwidth, efficient optical networking solutions.

What are Infinera’s future financial expectations?

Infinera expects improvements in demand in the latter half of 2024, driven by industry trends such as fiber optics proliferation and data center growth.

How does Infinera ensure network reliability?

Infinera uses advanced technologies like their GX Series Compact Modular Platform and coherent optical technology to ensure high network capacity and reliability.

Where can I find more information about Infinera Corporation?

More information about Infinera Corporation can be found on their official website: www.infinera.com.

Infinera Corporation

Nasdaq:INFN

INFN Rankings

INFN Stock Data

1.56B
233.10M
1.49%
88.68%
11.45%
Communication Equipment
Telephone & Telegraph Apparatus
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United States of America
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