Infinera Corp Stock Price, News & Analysis

Infinera (NASDAQ: INFN) and PCCW Global have successfully completed a significant deployment on the PEACE cable system, enhancing capacity between Marseille, Cyprus, and Abu Talat. Utilizing Infinera's ICE technology, PCCW Global can now provide up to 25 terabits per fiber pair, significantly increasing capacity on critical Middle Eastern and Mediterranean routes. This upgrade supports the growing demand for cloud-based services and positions the PEACE system as the first open cable system in the Mediterranean, facilitating improved connectivity for operators in the region.

Infinera (NASDAQ: INFN) has partnered with Hetzner Online to deploy its ICE6 solution, enhancing the data center operator's network in Germany. This launch allows for transmission speeds up to 800 Gb/s and doubles capacity for Hetzner's services. The ICE6 technology supports 3 x 400 GbE services using a single optical engine, meeting increasing customer bandwidth needs. Hetzner is the first in Germany to utilize this technology, which is key in addressing the growing demand for data services in the region.

Infinera (NASDAQ: INFN) announced that Gulf Bridge International (GBI) has deployed its Infinite Capacity Engine (ICE) technology, enhancing capacity on GBI’s Smart Network. This deployment supports GBI's new Capacity Protection Program, aimed at providing improved customer service and reliability, especially during major events like the upcoming World Cup in Qatar. Infinera's solutions enable GBI to meet increasing data demands across submarine and terrestrial networks, ensuring seamless connectivity for billions of viewers.

Infinera (NASDAQ: INFN) and Zayo Group have set a world record by successfully completing the longest known terrestrial 800G optical wavelength in a commercial network, measuring 1,044.51 km from Springville, Utah to Reno, Nevada. This achievement enhances the capacity of Zayo’s fiber network, allowing for more cost-effective services and meeting growing bandwidth demands. Infinera's ICE6 technology played a crucial role in this advancement, positioning both companies at the forefront of network innovation.

Infinera (NASDAQ: INFN) announced the availability of its ICE-XR, an innovative suite of intelligent coherent optical pluggable solutions for both point-to-point and point-to-multipoint applications. This technology offers up to a 70% reduction in network costs and integrates system-level functionality onto a pluggable, enabling enhanced visibility and service activation. Trials for ICE-XR will begin in the latter half of 2022, with general availability expected by year-end. Additionally, Infinera introduced the Open Optical Toolkit, aimed at assisting network operators in leveraging coherent optical technology across platforms.

Windstream and Infinera have announced a partnership to enhance Windstream's optical network infrastructure through a new technology called Node-on-a-Blade. This initiative aims to transform Windstream's offerings, facilitating support for the growing demands of hyperscale customers. The collaboration will enhance the Intelligent Converged Optical Network (ICON) initiative, improving control, visibility, and automation. The advanced optical network will optimize connectivity and better support emerging technologies like 5G and cloud services.

Infinera (NASDAQ: INFN) has unveiled ICE6 Turbo, the first coherent optical solution capable of operating above 100 Gbaud. Produced in the U.S., ICE6 Turbo is a performance-enhanced version of Infinera's 1.6T ICE6 coherent optical engine, delivering up to a 30% performance boost. It enables network operators to support 4 x 400 GbE services over long-haul distances, significantly lowering costs. The solution employs advanced technologies such as Nyquist subcarriers and dynamic bandwidth allocation. ICE6 Turbo will be showcased at OFC 2022 and available in early Q4 2022.

Infinera (NASDAQ: INFN) announced the appointment of Roop Lakkaraju as a new board member and audit committee member, effective February 16, 2022. Lakkaraju, CFO of Benchmark Electronics, brings over 25 years of financial management experience. His addition aims to enhance Infinera's strategic vision and shareholder value. Concurrently, board members Tom Fallon and Kambiz Hooshmand resigned, and Marcel Gani and Mark Wegleitner will not seek re-election, reducing the board from 12 to 11 members. This reshaping of the board is expected to foster diversity and lower average tenure.

Infinera Corporation (NASDAQ: INFN) reported its fourth-quarter financial results for the year ended December 25, 2021. The company achieved GAAP revenue of $400.3 million, up from $355.8 million in Q3 2021 and $353.5 million in Q4 2020. The GAAP gross margin was 35.6%, while the net loss decreased to $(33.1) million, or $(0.16) per share. For the full year, GAAP revenue totaled $1,425.2 million, with a net loss of $(170.8) million. Looking ahead, Infinera anticipates revenue growth of 8-12% in 2022, despite ongoing supply chain challenges.