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InfineraNASDAQ: INFN

Profile

Sector:

Technology

Country:

United States

IPO:

07 June 2007

Next earnings report:

08 November 2024

Last dividends:

N/A

Next dividends:

N/A
$1.58 B
-23%vs. 3y high
60%vs. sector
-vs. 3y high
-vs. sector
-14%vs. 3y high
91%vs. sector
-27%vs. 3y high
29%vs. sector

Price

after hours | Fri, 01 Nov 2024 20:00:10 GMT
$6.72-$0.10(-1.47%)

Dividend

No data over the past 3 years
$342.74 M$402.87 M
$342.74 M-$48.29 M

Analysts recommendations

Institutional Ownership

INFN Latest News

Infinera Signs Non-Binding Preliminary Memorandum of Terms to Receive Up to $93 Million in CHIPS Act Funding
globenewswire.com17 October 2024 Sentiment: POSITIVE

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

Don't Sleep on Nokia: Quietly Accelerating Into Infinera Merger
marketbeat.com15 October 2024 Sentiment: POSITIVE

Nokia Oyj NYSE: NOK 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 NASDAQ: ERIC.

Converge Selects Infinera's 1.2T ICE7
globenewswire.com08 October 2024 Sentiment: POSITIVE

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.

Poka Lambro Deploys Infinera to Expand Its Middle-mile Network and Increase West Texas Communities' Opportunity and Competitiveness
globenewswire.com07 October 2024 Sentiment: POSITIVE

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.

Infinera Reminds Infinera Stockholders of Deadline for Infinera Stockholders to Elect Form of Merger Consideration
globenewswire.com25 September 2024 Sentiment: POSITIVE

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 (INFN) Reports Q2 Loss, Tops Revenue Estimates
zacks.com02 August 2024 Sentiment: POSITIVE

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 Corporation Reports Second Quarter 2024 Financial Results
globenewswire.com02 August 2024 Sentiment: NEUTRAL

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

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates INFN, DM on Behalf of Shareholders
accesswire.com03 July 2024 Sentiment: NEGATIVE

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 ALERT: The M&A Class Action Firm Investigates Merger of Infinera Corporation - INFN
prnewswire.com03 July 2024 Sentiment: POSITIVE

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.

Infinera (INFN) to Enhance APRESIA's Access Network Portfolio
zacks.com02 July 2024 Sentiment: POSITIVE

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.

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What type of business is Infinera?

Infinera Corporation manufactures semiconductors, and supplies networking equipment, optical semiconductors, software, and services worldwide. It provides Infinera GX series for modular and sled-based platforms to support a various transport network applications; Infinera Cloud Xpress Family that is designed to meet the needs of internet content providers (ICPs), communication service providers, internet exchange service providers, enterprises, and other large-scale data center operators; and Infinera XT series, a platform that is designed to power cloud scale network services over metro, DCI, long-haul, and subsea networks. The company also offers Infinera 7300 series, an SDN-ready coherent optical transport system; and Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels. In addition, it provides packet-optical transport platforms comprising Infinera XTM series, Infinera 7100 Series, Infinera mTera series, and Infinera 7090 series, as well as Infinera XTC series, a multi-terabit packet optical transport platforms that integrates digital OTN switching and optical DWDM transmission; and ICE-X, a suite of coherent pluggable optics designed to address point-to-point and point-to-multipoint transport applications from the network edge to the core. Further, the company offers Infinera Transcend Software Suite, a software platform, that provides automation capabilities, software tools, and applications for network operators. It markets and sells its products and related support services primarily through its direct sales force. The company was formerly known as Zepton Networks. Infinera Corporation was incorporated in 2000 and is headquartered in San Jose, California.

What sector is Infinera in?

Infinera is in the Technology sector

What industry is Infinera in?

Infinera is in the Communication Equipment industry

What country is Infinera from?

Infinera is headquartered in United States

When did Infinera go public?

Infinera initial public offering (IPO) was on 07 June 2007

What is Infinera website?

https://www.infinera.com

Is Infinera in the S&P 500?

No, Infinera is not included in the S&P 500 index

Is Infinera in the NASDAQ 100?

No, Infinera is not included in the NASDAQ 100 index

Is Infinera in the Dow Jones?

No, Infinera is not included in the Dow Jones index

When was Infinera the previous earnings report?

No data

When does Infinera earnings report?

The next expected earnings date for Infinera is 08 November 2024