Welcome to our dedicated page for Infinera news (Ticker: INFN), a resource for investors and traders seeking the latest updates and insights on Infinera stock.
Infinera Corporation (NASDAQ: INFN) is described in its public communications as a global supplier of open optical networking solutions and advanced optical semiconductors. The INFN news feed highlights how the company’s technology is used by carriers, cloud operators, governments, and enterprises in long-haul, submarine, data center interconnect, and metro transport networks.
News about Infinera frequently covers financial results and corporate developments, including quarterly and annual earnings releases that discuss product and services revenue, gross margin, operating margin, and non-GAAP metrics. Recent announcements have also focused on a pending acquisition by Nokia Corporation, with Infinera outlining the terms of the Agreement and Plan of Merger and providing updates on anticipated closing timing and stockholder election procedures for merger consideration.
The INFN news stream also includes technology and deployment updates. Examples include live network trials with partners such as Zayo using the ICE7 optical engine to transmit 1 Tb/s on a single wavelength over a major North American route, deployments of GX Series-based ICE6 solutions and open line systems with C3ntro Telecom in Mexico, and the use of Infinera’s XTM Series to upgrade middle-mile networks for providers like Poka Lambro in West Texas. Other releases describe Converge ICT Solutions selecting Infinera’s GX Series and 1.2T ICE7 optical engine for subsea and terrestrial network modernization.
In addition, Infinera’s news covers policy and sustainability topics, such as a non-binding preliminary memorandum of terms for potential CHIPS and Science Act funding to expand semiconductor and packaging capabilities, and validation of its greenhouse gas emission reduction targets by the Science Based Targets initiative. For investors and industry followers, the INFN news page provides a consolidated view of earnings announcements, merger-related communications, major customer deployments, technology milestones, and ESG-related updates. Users interested in INFN can review these items to understand how Infinera’s business, technology, and corporate transactions are evolving over time.
Infinera (NASDAQ: INFN) announced the deployment of its submarine solution by Orange on the MainOne submarine cable, enhancing digital connectivity in West Africa. This initiative aims to support economic development by significantly increasing regional capacity and resilience through Infinera's ICE4 technology on the XTS-3600 platform. The MainOne cable, spanning 7,000 kilometers, connects several West African nations and is crucial for delivering affordable international connectivity. Infinera's solutions allow for scalable capacity additions, enabling operators to improve service delivery efficiently.
Infinera Corporation (NASDAQ: INFN) will announce its Q2 fiscal 2020 financial results after market close on August 5, 2020. A conference call to discuss these results and the outlook for Q3 will take place at 5:00 p.m. ET. Interested participants can join via audio webcast or dial in using the provided numbers. Pre-registration for the call is encouraged to receive access instructions. Further details, including the link for the archived webcast, will be made available following the live call.
Infinera (NASDAQ: INFN) has been selected by GÉANT, Europe's leading network collaboration for research and education, to provide its 600G transmission technology for a major EU-funded network refresh. This project marks GÉANT's most significant upgrade in a decade, aimed at supporting the growing demand for high-speed services in research and education. Utilizing Infinera's Groove Series Modular Platform and FlexILS Open Optical Line System, the new network is designed to scale to multiple terabits, enhancing security and service reliability.
Infinera and Windstream successfully completed a live network trial achieving 800 gigabits per second transmission over 730 km and 700G over 1,460 km using Infinera’s ICE6 technology. This milestone marks significant advancements in optical networking, enabling longer-distance support for 400 Gigabit Ethernet services. The trial showcased performance improvements, with increased capacity per fiber by up to 70% compared to 400G technology. Windstream aims to leverage this technology to enhance operational efficiency and address growing bandwidth demands.
Infinera Corporation (NASDAQ: INFN) reported Q1 2020 results with GAAP revenue at $330.3 million, down from $384.6 million in Q4 2019 and up from $292.7 million in Q1 2019. The GAAP gross margin decreased to 23.3% from 29.0% in Q4 2019. The GAAP net loss widened to $(99.3) million, or $(0.55) per share. Non-GAAP revenue was $331.4 million, and the non-GAAP net loss was $(49.4) million, or $(0.27) per share. Looking ahead, Infinera expects Q2 2020 GAAP revenue between $319 million and $329 million with an optimistic outlook for long-term growth.
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