Infinera Corp Stock Price, News & Analysis

Infinera (NASDAQ: INFN) announced that GÉANT successfully completed a live network trial of its 800G transmission on a pan-European production network. This trial utilized Infinera's ICE6 800G coherent technology to significantly enhance bandwidth capacity, addressing the increasing demands of the research community, which has seen an average traffic growth of 30% annually and currently handles 7 petabytes of data daily. The trial highlights Infinera's innovative solutions and their critical role in supporting research and education.

Infinera (NASDAQ: INFN) and South Reach Networks (SRN) have successfully launched SRN's long-haul and metro networks in the southeast U.S., powered by Infinera's GX Series Compact Modular Platform. This new fiber optic network spans over 400 miles in Florida, offering high-speed Ethernet and Wavelength services to data centers, service providers, and enterprises. The infrastructure supports advanced services, including 10G, 100G, and 400G with future expansion potential to 800G, enhancing access for underserved areas.

Infinera (NASDAQ: INFN) announced key executive appointments aimed at enhancing its leadership and aligning with the market potential in open optical networking. CEO David Heard emphasized the significant opportunity presented by this transition. New leaders include Ron Johnson for Optical Systems, Tom Burns for Optical Modules, Azmina Somani as SVP of Engineering, and Russ Esmacher as SVP of Strategy. These executives bring extensive experience from major companies like Cisco and Dell Technologies, positioning Infinera to accelerate growth in optical networking and capitalize on emerging market trends.

Infinera (NASDAQ: INFN) has announced that Sparkle, a leading international service provider, will implement Infinera’s ICE6 800G technology to enhance its Mediterranean and European Optical Backbone, Nibble. The deployment aims to increase network capacity by up to 54% and introduce new 400 GbE services. Successful trials showcased impressive wavelength speeds, achieving 500 Gb/s over 2,136 km and 700 Gb/s over 858 km. This advancement will allow Sparkle to significantly enhance its transmission capabilities, providing high-capacity bandwidth and flexibility to meet rising customer demand.

Infinera Corporation (NASDAQ: INFN) reported Q2 2021 financial results with GAAP revenue of $338.2 million, slightly up from the previous quarter and year-over-year. GAAP gross margin improved to 35.6%, while GAAP operating margin showed a slight loss of (6.9)%. Notably, the net loss decreased to $(35.6) million, or $(0.17) per share, down from prior quarters. The company expects Q3 2021 GAAP revenue in the range of $354 million, demonstrating optimistic growth despite industry challenges. CEO David Heard highlighted strong demand and record backlog optimistically.

Infinera (NASDAQ: INFN) announced a major technology upgrade for TPG Telecom’s PPC-1 submarine cable, enhancing data capacity by 50% from 8 terabits per second to 12 terabits per second using Infinera’s ICE6 800G solution. This upgrade will improve connectivity and reliability between Australia and Guam, serving as a critical internet backbone for Asia Pacific and North America. TPG Telecom has received necessary regulatory approvals, with completion expected this year, reflecting its commitment to meeting growing data demands driven by cloud computing and video streaming.

Infinera Corporation (NASDAQ: INFN) will announce its second quarter fiscal 2021 financial results on August 3, 2021, after market close. An investment community conference call will follow to discuss the results and outlook for Q3 2021, scheduled for the same day at 5:00 p.m. ET. Interested parties can register for the call and access it via webcast. The replay will be available shortly after the live call. For further details, investors can visit Infinera's investor relations website.

Infinera (NASDAQ: INFN) has partnered with Seaborn Networks to deploy its ICE6 800G coherent technology on Seaborn's submarine fiber optic network. This collaboration aims to enhance Seaborn's IP and content services in the Americas, allowing for 400 GbE services and direct PoP-to-PoP transport over distances exceeding 10,000 km. The Smart Spectrum feature will enable flexible spectrum sharing, providing high-capacity solutions while reducing operational costs. The deployment is expected to occur this summer, solidifying Seaborn's position in the market.

Infinera (NASDAQ: INFN) will deploy its ICE6 optical engine solution for the Mediterranean Segment of the PEACE submarine cable system, a collaboration with PEACE Cable International Network and PCCW Global. This technology enables a record-breaking capacity of nearly 25 terabits per fiber pair, enhancing service scalability and flexibility. The 15,000-km cable will connect regions from China to Europe and Africa, significantly lowering latency. The deployment positions Infinera to meet the increasing bandwidth demand across these critical communication routes.