Infinera Corp Stock Price, News & Analysis

Infinera (NASDAQ: INFN) announced that Angola Cables has chosen its ICE6 technology for an upgrade of its subsea network linking Miami and São Paulo. This enhancement will boost capacity to meet growing bandwidth demands for enterprise and global content customers. The upgrade, spanning 6,500 km, is critical for future-proofing Angola Cables' infrastructure. Infinera's solution offers advanced features for maximizing subsea cable value. This partnership, crucial for Angola Cables, aims to modernize their entire network, ensuring high-capacity and secure services.

Infinera Corporation (NASDAQ: INFN) will release its third quarter financial results for fiscal 2022 on November 2, 2022, after market close. The company will hold a conference call the same day at 5:00 p.m. ET to discuss the results and provide an outlook for the fourth quarter. Investors can access the call live or via an archived webcast on the company’s investor relations site. Registration is required for participation.

Infinera announced a collaboration with Iscte – Instituto Universitário de Lisboa to modernize the university’s Department of Information Science and Technology lab. The partnership includes the donation of optical networking equipment and offers internships for students at Infinera’s Lisbon campus. This initiative aims to enhance optical networking education and provide real-world experience to future technology professionals. The donated equipment will be available to students starting this fall semester.

Infinera has been selected by Viettel Network Corporation to supply its Optical Timing Channel 2.0 (OTC2.0) solution for 5G network synchronization in Vietnam. This technology enhances synchronization across distribution networks, crucial for sustaining high performance and resiliency during Viettel’s 5G rollout. Viettel aims to modernize its network and improve customer experiences, relying on Infinera’s advanced capabilities to optimize spectrum use and support stringent 5G synchronization requirements.

Infinera (NASDAQ: INFN) will participate in the Citi 2022 Global Technology Conference on September 7, 2022, at 4 PM EDT / 1 PM PDT. The presentation will feature CEO David Heard, CFO Nancy Erba, and Head of Investor Relations Amitabh Passi. Investors can access the webcast at investors.infinera.com under the “Events” section. Infinera offers open optical networking solutions that help carriers and enterprises enhance network bandwidth and automate operations.

Infinera (NASDAQ: INFN) will participate in the Rosenblatt Securities The Age of AI Scaling Technology Summit on August 23, 2022. The presentation is scheduled for 12 PM EDT / 9 AM PDT. Key speakers include David Heard, CEO; Nancy Erba, CFO; and Amitabh Passi, Head of Investor Relations. Investors can view the webcast at investors.infinera.com by clicking on 'Events'. This conference highlights Infinera's commitment to innovation in open optical networking.

Infinera announced the closing of its offering of $373.75 million in 3.75% convertible senior notes due 2028. The company received net proceeds of approximately $362.50 million, using about $283.62 million to repurchase approximately $300 million of its 2.125% convertible senior notes due 2024. This strategic move aims to strengthen its financial position and support general corporate purposes and growth opportunities. CFO Nancy Erba stated this transaction marks a positive step toward executing the company's 8x4x1 strategy.

Infinera announced the pricing of $325 million of convertible senior notes due 2028, upsized from $275 million. The offering is set to close on August 8, 2022. The notes will carry a 3.75% interest rate, maturing on August 1, 2028, with an initial conversion price of approximately $6.80 per share, a 32.5% premium to the closing price on August 3, 2022. Infinera intends to use about $283.6 million of the net proceeds for repurchasing existing convertible notes due 2024, with the remaining funds earmarked for corporate purposes.

Infinera (NASDAQ: INFN) plans to offer $275 million in convertible senior notes due 2028 in a private placement, with a 13-day option for an additional $41.25 million. The notes will be unsecured, paying interest semiannually, and will be convertible under specific conditions. Proceeds will be used to repurchase existing convertible notes due 2024 and for general corporate purposes. The offering is subject to certain market conditions and does not involve a public sale.