MARKET COMPOSITE
INFN - Infinera Corp.7:59:55 PM 4/25/2024
Price
$4.98
+ 0.00 (0.00%)
Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series of modular and sled-based platforms to support a variety of transport network applications; 7300 series, an SDN-ready coherent optical transport system; FlexILS open line system platform that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and 7090 and 7100 series packet transport platforms. It also offers Infinera XTM series packet-optical transport platform that enables high performance metro networks with service-aware, application-specific capabilities; XTC series multi-terabit packet optical transport platforms that integrate digital OTN switching and optical WDM transmission; mTera series universal transport platform; and XT series for long-haul and subsea applications. In addition, the company Infinera Cloud Xpress Family designed to meet the varying needs of ICPs, communication service providers, internet exchange service providers, enterprises, and other large-scale data center operators; DRX series of routers; and 8600 series of SDN-ready Internet Protocol/MPLS routers. Further, it provides transcend software suite; Infinera CNOS, a hardware-independent network operating system; and a range of support services for all hardware and software products. The company also serves telecommunications service providers, internet content providers, cable providers, wholesale carriers, research and education institutions, large enterprises, and government entities. It markets and sells its products and related support services primarily through its direct sales force. The company was formerly known as Zepton Networks. Infinera Corporation was founded in 2000 and is headquartered in Sunnyvale, California.
Financials
Quarterly financials
(USD)Sep 2023Q/Q
Revenue392.4MM+4%
Gross Profit158.3MM+11%
Cost Of Revenue234MM+0%
Operating Income7.7MM-154%
Operating Expenses150.7MM-4%
Net Income-9.4MM-54%
R&D76.8MM-3%
G&A29.4MM-6%
Marketing41.1MM-1%
Amortization6.5MM-8%
Interest Expense7.6MM+3%
Stock Chart

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Stock news

    SAN JOSE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Paratus Group, a leading network provider in Africa, deployed Infinera’s GX Series and FlexILS solutions to offer the lowest-latency express route between Johannesburg and Lisbon, delivering services with a latency of 123 milliseconds and supporting wavelengths up to 800G. Infinera’s solutions were deployed on the recently completed 1,890-km Paratus express fiber link between Johannesburg and Europe

    Infinera, NETGEAR and Intrusion are part of the Zacks Industry Outlook article.

    Amid global macroeconomic challenges, the Zacks Computer - Networking industry players like INFN, NTGR and INTZ are poised to benefit from the accelerated 5G deployment

    SAN JOSE, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Aire Networks, a subsidiary of Grupo Aire, deployed Infinera’s software-programmable ICE-X coherent pluggable solution to expand the capacity of its single-fiber network infrastructure across Spain and Portugal. The ability of Infinera’s innovative ICE-X solution to provide ultra-high-speed transmissions over a single fiber in a pluggable form factor enables Aire Networks to continue to meet the ban

    Infinera (INFN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

    DZS (DZSI) teams up with Infinera to introduce cutting-edge ICE-X Coherent Pluggable Solutions in the market to drive efficiency and innovation.

    SAN JOSE, Calif., March 20, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that it will showcase key elements of its multiyear vision and strategy for connecting the world in the terabit era at OFC 2024, to be held March 26-28 in San Diego, California. Delivering the lowest cost and power per bit while dramatically increasing flexibility, Infinera solutions include groundbreaking innovations in coherent optics, the latest advances in networking technology, and a new suite of op

    Infinera's (INFN) GX Series platform and ICE-X intelligent coherent pluggables are set to upgrade NBN's optical network across Australia.

    SAN JOSE, Calif., March 18, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today a new partnership with Orange, one of the world’s leading telecommunications operators. This partnership sets the foundation for a collaboration on Orange’s international backbone network. Orange selected Infinera’s GX Series compact modular networking platform based on its ability to provide high-capacity connectivity with excellent economics. This solution will enable Orange to continue to deliver supe

    SAN JOSE, Calif., March 15, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it received an expected delinquency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on March 15, 2024 (the "Notice"). The Notice indicated that Infinera was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Annual Report on Form 10-K for the year ended December 30, 2023 (the “Fo