Infinera Corp - INFN STOCK NEWS

Infinera (NASDAQ: INFN) has been selected by the Louisiana Board of Regents for the Louisiana Optical Network Infrastructure (LONI) to enhance its optical networking capabilities. The upgrade includes the deployment of four 400G optical channels over a 220-mile route, increasing network capacity by tenfold. LONI connects 38 university campuses and facilitates research and education across the state. Infinera's XTM Series open line system and GX Series transponders provide scalable bandwidth solutions, enhancing data transfer capabilities and flexibility for users. The state-of-the-art network will support advancements in scientific discovery and collaboration.

Infinera (NASDAQ: INFN) has announced the deployment of its ICE6 800G coherent optical solution to enhance the trans-Pacific Unity Submarine Cable System, which connects Japan and the U.S. This upgrade will double the system's capacity, allowing for up to 7.4 Tb/s per fiber pair, while extending the cable's lifespan by nearly 25%. The upgrade will minimize costs and maximize efficiency for operators. The Unity system is a consortium that includes major players like Google and KDDI Corp. Infinera's technology aims to meet growing bandwidth demands on both sides of the Pacific, enhancing service quality for customers.

Infinera successfully implemented a 3.6-terabit network for a major telecommunications operator in the Middle East to meet the increased demand during the 2022 FIFA World Cup. This deployment utilized Infinera's ICE6 800G technology and was completed rapidly to support one of the world's largest streaming platforms. The upgrade ensured high-quality connectivity for nearly 1.5 million visitors and local streaming for 500,000 users daily. Beyond Technology, Infinera's partner, executed this project, underlining their efficiency in handling significant international projects.

Infinera Corporation (NASDAQ: INFN) announces an Investor Day on March 7, 2023, from 4:00 p.m. to 7:00 p.m. PT at the Omni Hotel in San Diego, California. The event will feature presentations from executive management and will be followed by a reception. Attendance is by invitation only. Additional details and a webcast of presentations will be available on the event day at the official investor website.

Infinera (NASDAQ: INFN) will present at the Raymond James Technology Investors Conference on December 5, 2022, at 8:35 AM EST. Key speakers include Nancy Erba (CFO), Ron Johnson (General Manager, Optical Systems), and Amitabh Passi (Head of Investor Relations). The event will be available via webcast, allowing stakeholders to tune in through the company’s investor relations page. Infinera specializes in open optical networking solutions, aimed at enhancing network capabilities for carriers and enterprises.

Infinera (NASDAQ: INFN) has announced that Gulf Bridge International (GBI) has deployed its ICE6 800G optical engine across its networks between the Middle East and Europe in preparation for the World Cup. This upgrade doubles GBI’s network capacity, enabling up to 800G per wavelength and enhancing high-speed streaming services. The integration utilizes existing infrastructure, ensuring minimal disruption. Infinera's technology promises to deliver high-quality, uninterrupted service during the event, emphasizing the company's commitment to enhancing bandwidth efficiency and service innovation.

Infinera (NASDAQ: INFN) received a Telecom Infra Project (TIP) Requirements Compliant Bronze Badge for its GX G42 Compact Modular Optical Transport Solution. This badge confirms the solution's adherence to open and standard SDN API requirements, as outlined by leading operators, including Turkcell and Vodafone. The GX G42, powered by Infinera’s ICE6 800G optical engine, is designed for multi-vendor network environments, enhancing its integration capabilities for service providers. This recognition emphasizes Infinera's commitment to open networking and positions the solution favorably in the evolving optical networking landscape.

Infinera Corporation (NASDAQ: INFN) reported third-quarter 2022 financial results with GAAP revenue of $390.4 million, up from $358.0 million in Q2 2022 and $355.8 million in Q3 2021. GAAP gross margin increased to 34.4%, while operating margin improved to (2.4)%. The net loss narrowed to $(11.9) million, or $(0.05) per share, compared to losses in prior quarters. Non-GAAP net income was $9.9 million, or $0.05 per share. Looking ahead, revenue for Q4 2022 is expected at $435 million +/- $15 million.