Infinera

Infinera Corp. engages in the provision of networking solutions, which consists of networking equipment, software and services. It operates through the following geographical segments: United States, Other Americas, Europe, Middle East and Africa, and Asia Pacific and Japan. Its products include control and automation, network routers, packet optical, and compact modular. The company was founded by David F. Welch, Drew Daniel Perkins, and Jagdeep Singh in December 2000 and is headquartered in San Jose, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Infinera reports robust Q4 earnings, eyes growth amidst challenges

Infinera's Q4 performance reflects resilience and growth potential despite challenges in supply chain costs and product mix.
The company's strategic focus on innovation, margin expansion, and market outgrowth positions it for a promising 2023.
Financial stability, positive cash flow expectations, and operational advancements underscore Infinera's solid performance in 2022.
Navigating challenges while capitalizing on opportunities will be crucial for Infinera's sustained success and market competitiveness.

Infinera excels in Q1 with margin expansion and growth strategy

Infinera's Q1 2023 performance reflects operational efficiency, margin expansion, and exceeding financial targets, positioning the company for continued growth.
While challenges exist in customer dynamics and revenue predictability, the company's strategic focus and pricing strategy drive profitability and market competitiveness.
Opportunities in leveraging strong performance, innovation focus, and client engagement present avenues for sustained growth and market expansion.
Overall, Infinera's emphasis on execution, growth strategy, and financial discipline underpin a positive outlook for future performance and market positioning.

Infinera surpasses Q2 expectations, eyes growth amid industry challenges

Infinera's Q2 performance exceeded expectations, showcasing strength in strategic wins and margin expansions.
While facing revenue adjustments and industry challenges, the company remains confident in its growth trajectory.
Investments in subsystems and pluggables, along with market positioning, provide opportunities for future growth and EPS expansion.

Infinera exceeds Q3 expectations, eyes growth through vertical integration

Infinera's Q3 performance showcased strong results and positive outlook for growth, emphasizing bottom-line expansion and earnings per share increase. Despite challenges in accounting and pricing dynamics, the company remains focused on executing its strategy and meeting customer demands.

Infinera exceeds Q4 expectations, eyes revenue growth and margin improvement

Infinera's Q4 2023 earnings call showcased strong performance, strategic wins, and growth prospects. Despite challenges in Q1 2024, the company remains optimistic about revenue growth, margin improvement, and geographic expansion. Opportunities in hyperscale wins and product innovation position Infinera for continued success.

Infinera faces revenue challenges in Q1 2024 but eyes growth

Infinera's Q1 2024 performance was impacted by revenue shortfall and operating loss, but strategic wins and focus on efficiencies offer growth potential.
Challenges include market fluctuations and revenue decline, but opportunities lie in backlog growth, volume expansion, and market share capture.
Overall, Infinera's outlook for 2024 signals a path towards improved financials, with a strong focus on strategic positioning and operational enhancements.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Infinera (INFN) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.06. This compares to earnings of $0.09 per share a year ago.

Infinera (INFN) Reports Break-Even Earnings for Q3

SAN JOSE, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its third quarter ended September 28, 2024.

Infinera Corporation Reports Third Quarter 2024 Financial Results

Proposed funding, combined with investment tax credits, could result in more than $200 million in total federal incentives to expand production and packaging of semiconductors to support critical U.S. infrastructure and AI Proposed funding, combined with investment tax credits, could result in more than $200 million in total federal incentives to expand production and packaging of semiconductors to support critical U.S. infrastructure and AI

Infinera Signs Non-Binding Preliminary Memorandum of Terms to Receive Up to $93 Million in CHIPS Act Funding

Nokia

Nokia Oyj is a worldwide provider of telecom equipment and network infrastructure solutions. The computer and technology sector giant is a major facilitator of 5G and 4G infrastructure deployment along with competitor Telefonaktiebolaget LM Ericsson ERIC.

Don't Sleep on Nokia: Quietly Accelerating Into Infinera Merger

SAN JOSE, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Converge ICT Solutions Inc. (PSE: CNVRG), the leading fiber broadband and technology solutions provider in the Philippines, selected Infinera as its submarine line terminal equipment (SLTE) vendor for the fiber pairs over which Converge has been granted an Indefeasible Right of Use (IRU) on the Bifrost Cable System, using Infinera's industry-leading GX Series Compact Modular Platform and its next-generation high-performance 1.2T ICE7 optical engine.

Converge Selects Infinera's 1.2T ICE7

SAN JOSE, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Poka Lambro Telecommunications (Poka Lambro) has deployed Infinera's XTM Series to upgrade its regional fiber broadband and middle-mile network across rural western Texas with ReConnect Program funding. With Infinera's solution, Poka Lambro can cost-efficiently deliver 400G services across the region to provide reliable middle-mile connectivity to support its own fiber broadband transport needs and those of other internet service providers (ISPs) and to connect historically underserved communities.

Poka Lambro Deploys Infinera to Expand Its Middle-mile Network and Increase West Texas Communities' Opportunity and Competitiveness

SAN JOSE, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that its greenhouse gas (GHG) emission reduction targets have been validated by the Science Based Targets initiative (SBTi). This third-party validation reinforces Infinera's commitment to promoting sustainability in the telecommunications industry through energy-efficient optical networking solution design and environmental, social, and governance (ESG) initiatives. SBTi is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis.

Infinera's Commitment to Emission Reduction Validated by Science Based Targets initiative

SAN JOSE, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) (“Infinera”) today reminded Infinera stockholders of the upcoming deadline to elect the form of merger consideration that they wish to receive in the pending acquisition of Infinera by Nokia Corporation (“Nokia”) (the “Transaction”). This deadline is 5:00 p.m. New York City time on September 30, 2024 (the “Election Deadline”), which is the business day immediately prior to the special meeting of Infinera stockholders to be held in connection with the Transaction. No elections will be permitted after the Election Deadline.

Infinera Reminds Infinera Stockholders of Deadline for Infinera Stockholders to Elect Form of Merger Consideration

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Infinera Corporation (NasdaqGS: INFN) to Nokia Oyj (NYSE: NOK). Under the terms of the proposed transaction, shareholders of Infinera can elect to receive either: 1) $6.65 cash, 2) 1.7896 Nokia shares, or 3) a combination of $4.66 in cash and 0.5355 Nokia shares for each Infinera share they own. KSF is seeking.

INFINERA INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Infinera Corporation - INFN

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Infinera Corporation (NASDAQ: INFN) to Nokia is fair to Infinera shareholders. For each Infinera share, Infinera shareholders will be able to elect to receive either: 1) $6.65 cash, 2) 1.7896 Nokia shares, or 3) a combination of $4.66 in cash and 0.5355 Nokia shares for each Infinera share. Halper Sadeh encourages Infinera shareholders to click here to learn more about their legal righ.

INFN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Infinera Corporation Is Fair to Shareholders

Infinera (INFN) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to break-even earnings per share a year ago.

Infinera (INFN) Reports Q2 Loss, Tops Revenue Estimates

SAN JOSE, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its second quarter ended June 29, 2024.

Infinera Corporation Reports Second Quarter 2024 Financial Results

Desktop Metal

NEW YORK, NY / ACCESSWIRE / July 3, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Infinera Corporation (NASDAQ:INFN)'s sale to Nokia. For each Infinera share, Infinera shareholders will be able to elect to receive either: 1) $6.65 cash, 2) 1.7896 Nokia shares, or 3) a combination of $4.66 in cash and 0.5355 Nokia shares for each Infinera share.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates INFN, DM on Behalf of Shareholders

NEW YORK , July 3, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Infinera Corporation (Nasdaq: INFN ), relating to its proposed sale to Nokia Corporation.

SHAREHOLDER ALERT: The M&A Class Action Firm Investigates Merger of Infinera Corporation - INFN

INFINERA INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Infinera Corporation - INFN

By integrating Infinera's (INFN) ICE-X coherent pluggables, APRESIA can offer innovative and cost-effective solutions to meet the growing demands for network capacity at the edge.

Infinera (INFN) to Enhance APRESIA's Access Network Portfolio

SAN JOSE, Calif., July 01, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today it is expanding its partnership with APRESIA Systems, Ltd. (APRESIA), a Japanese provider of network infrastructure solutions, through the integration of Infinera's software-programmable ICE-X coherent pluggables into APRESIA's portfolio of locally manufactured Layer 2/3 switching and optical transmission products. Infinera's ICE-X coherent pluggables will enable APRESIA to enhance its access network solutions and offer its customers increased operational value, including new revenue-generating services, reduced CapEx and OpEx, and maximized utilization of fiber assets.

Japan's APRESIA Systems Expands Access Network Solutions Portfolio with Integration of Infinera ICE-X Coherent Pluggables

Nokia, struggling to generate growth in a tough telecom equipment market, has acquired Infinera in a deal that doesn't move the needle. The optical networking market is only targeted at 5% CAGR, missing out on the booming demand in the AI and data center space. The stock trades at nearly 10x EPS targets with no forecasted growth and the business reliant on merger synergies to boost the 2027 EPS.

Nokia: Infinera Deal Isn't A Catalyst

Nokia CorporationInside Information 28 June 2024 at 22:00 EEST Correction: Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap Nokia Corporation corrects its stock exchange release published on 27 June 2024, which concerned the acquisition of Infinera. The original stock exchange release lacked a description of Infinera's historical financial performance and financial position.

Correction: Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap

Infinera Corp (NASDAQ:INFN) stock is surging today, up 17.2% to trade at $6.17 at last glance, after news that Nokia (NOK) plans to buy the company for $2.3 billion.

Infinera Stock Surges on Nokia Buyout Deal

Infinera Corp (NASDAQ: INFN) is up 20% on Friday after Nokia Oyj disclosed plans of buying the California-based company for $2.3 billion.  Shares of the telecommunications giant are roughly flat at writing.

Nokia is buying Infinera to play the AI boom

Nokia has inked an agreement to acquire Infinera Corp for $2.3 billion to expand its optical network business, particularly in North America. The acquisition of the US optical networking gear maker would make Nokia the second largest optical networking vendor with a 20% market share, trailing Huawei.

Nokia boosts data center capabilities with $2.3B Infinera purchase

MILWAUKEE , June 28, 2024 /PRNewswire/ -- Ademi LLP is investigating Infinera (NASDAQ: INFN) for possible breaches of fiduciary duty and other violations of law in its transaction with Nokia. Click here to learn how to join the https://www.ademilaw.com/case/infinera-corporation or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Infinera Corporation has obtained a Fair Price for its Public Shareholders

Infinera (NASDAQ: INFN ), a maker of optical equipment, is soaring today on news that Nokia (NYSE: NOK ) will acquire it in a $2.3 billion deal. Nokia appears to have decided to acquire Infinera in order to double down on its artificial intelligence (AI) data center business and compete more effectively with Huawei and Ciena (NYSE: CIEN ).

INFN Stock Alert: Nokia Boosts Infinera With $2.3 BILLION Buy

MONSEY, N.Y., June 28, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Infinera Corporation (Nasdaq: INFN) (“Infinera”) to Nokia for $6.65 per share.

News for Infinera Stock (INFN)