Infinera Corp Stock Price, News & Analysis

Infinera Corporation (NASDAQ: INFN) will release its financial results for Q2 fiscal 2022 on July 28, 2022, after market close. A conference call to discuss these results and provide guidance for Q3 will occur the same day at 5:00 p.m. ET. Interested parties can register for the call and access the audio webcast via the company’s investor relations website. A replay will be available shortly after the live event.

Infinera (NASDAQ: INFN) announced the deployment of its XTM Series across Cabildo de Tenerife's government network in the Canary Islands, enhancing broadband connectivity. The XTM solution provides high-speed internet and flexible optical services, allowing nearly all government facilities to interconnect through the D-ALiX data center. This investment aims to meet growing bandwidth demands on the island, supporting government agencies and tourism. The solution was implemented quickly in collaboration with Apfutura Telecom, promising efficient and sustainable connectivity.

Infinera announced that OTEGLOBE selected its ICE6 800G coherent solution for its pan-European network, enhancing capacity and enabling new 400 GbE services. OTEGLOBE's network spans over 21,000 km across Europe, connecting major gateways. By implementing ICE6, OTEGLOBE achieved a record 16.4T capacity over key submarine routes, significantly boosting capacity by 60%. The collaboration aims to modernize OTEGLOBE's network, improving cost efficiency and automation.

Infinera (NASDAQ: INFN) has been selected by the Asia-Africa-Europe-1 (AAE-1) Consortium to provide its ICE6 coherent 800G solution, which will significantly enhance submarine network capacity. This upgrade will more than double the current capacity to exceed 100 Tb/s, marking a historic milestone in submarine network upgrades. AAE-1 spans 25,000 kilometers, connecting 19 countries and offering low-latency routes. The deployment reflects a vital step in addressing rising international connectivity demands, leveraging innovative optical transmission technology.

Infinera (NASDAQ: INFN) successfully delivered 800G optical transmission using its ICE6 technology over GlobalConnect Carrier’s live long-haul network. This advancement enhances GlobalConnect's northern Europe network, consisting of over 100,000 kilometers of fiber and 3,300 access nodes. Achieving error-free transmission at 800G across 770 kilometers from Stockholm to Malmö, Infinera’s technology allows network operators to expand capacity and reduce costs. The collaboration exemplifies the benefits of open optical networking.

Infinera Corporation (INFN) reported Q1 2022 GAAP revenue of $338.9 million, down from $400.3 million in Q4 2021. Gross margin also declined to 32.9% from 35.6%. The net loss was $(41.9) million, or $(0.20) per share, worsening from $(33.1) million in the previous quarter. Non-GAAP results echoed this trend, with revenues at $338.9 million and a net loss of $(14.0) million. Despite strong demand and record backlog, challenges from supply chain disruptions and the suspension of operations in Russia impacted performance. Outlook for Q2 2022 expects revenue to range between $350 million and $370 million.

Arctic Wolf announces the appointment of Duston Williams as the new chief financial officer (CFO)Gregor McCole, who will transition to the role of senior vice president of Financial Planning and Analysis (FP&A). Arctic Wolf aims to leverage Williams' expertise to enhance its financial performance and expand as a leader in security operations.

Infinera Corporation (NASDAQ: INFN) announced that it will release its financial results for Q1 FY 2022 on May 3, 2022, after market close. A conference call to discuss these results and provide an outlook for Q2 FY 2022 will be held on the same day at 5:00 PM ET. Participants can register via the provided link. An audio webcast of the call will be available for live access and replay on their investor website. Infinera specializes in open optical networking solutions, aimed at enhancing network bandwidth and operations.