reports
Infinera Corporation Fourth Quarter and Fiscal 2024 Financial Results
Infinera Corporation Fourth Quarter and Fiscal 2024 Financial Results FY’24 Highlights: Year-over-year growth in bookings and backlog; book-to-bill ratio of approximately 1.1x for FY'24 and 1.3x for Q4'24Record revenue with webscalers - total revenue exposure (direct and indirect) greater than 50% of FY'24 revenueSignificant design wins across the GX systems portfolio with webscalers and Tier 1 Communications Service Providers (CSPs)Substantial awards for ICE-X 400G and 800G pluggables from webscalers and Tier 1 CSPsLaunched ICE-D to address the projected multi-...
Infinera Announces Anticipated Closing Date of Acquisition by Nokia an...
Infinera Announces Anticipated Closing Date of Acquisition by Nokia and Deadline for Infinera Stockholders to Revoke Election of Merger Consideration SAN JOSE, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) (“Infinera”) today announced that its pending acquisition (the “Transaction”) by Nokia Corporation (“Nokia”) is anticipated to be completed on or about February 28, 2025, which date remains subject to receipt of remaining outstanding regulatory approvals and the satisfaction of other remaining customary closing conditions. Based on the anticipated Februa...
Zayo Achieves Record-breaking 1 Tb/s Transmission on Live North Americ...
Zayo Achieves Record-breaking 1 Tb/s Transmission on Live North American Network with Infinera’s ICE7 Coherent Optical Solution DENVER and SAN JOSE, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Zayo and Infinera (NASDAQ: INFN) announced today the successful completion of a live network trial using , a seventh-generation embedded optical engine, to deliver 1 Tb/s single 150GHz wavelength transmission over 1,391 kilometers (km) on a major North American route between Sacramento, CA and Salt Lake City. This achievement will enable Zayo to deliver a record-setting 32 terabits of C-Band capacity ...
C3ntro Telecom Upgrades Data Center Network in Mexico with Infinera’s ...
C3ntro Telecom Upgrades Data Center Network in Mexico with Infinera’s GX Series Solution SAN JOSE, Calif., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that (C3ntro), Mexico’s leading provider in AI-enabled fiber networks and data center connectivity solutions in Mexico and the U.S., successfully deployed -based ICE6 800G solution and GX Open Line System (GX OLS) to upgrade and connect its long-haul network between Mexico City and Queretaro and interconnect all data centers across both cities with a groundbreaking capacity of 1.6 Tb/s (2x800G) optical redunda...
Infinera Awarded Gold Medal by EcoVadis in Recognition of Sustainabili...
Infinera Awarded Gold Medal by EcoVadis in Recognition of Sustainability Excellence SAN JOSE, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it has been awarded a Gold Medal by , a trusted provider of business sustainability ratings globally, in recognition of Infinera’s progress toward its environmental, social, and governance (ESG) goals. Infinera achieved an overall score of 79 across evaluation criteria including Environment, Labor & Human Rights, Ethics, and Sustainable Procurement, ranking in the 98th percentile and top five percent of compani...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Growth Leading This EOY Rally; Expect More Upside Our outlook remains bullish and we see the market in the midst of a significant end-of-year rally that we have been expecting since mid-October. We continue to expect support at the 20-day MAs on the S&P 500 and Nasdaq 100 (QQQ), while support at current levels or the 50-day MA is likely on the Russell 2000 (IWM). Ultimately, we will remain bullish as long as the S&P 500 is above 5850. Market dynamics continue to improve, giving us confidence th...
VIAV VIAVI SOLUTIONS INC
MEI METHODE ELECTRONICS INC.
LPTH LIGHTPATH TECHNOLOGIES INC. CL A
INFN INFINERA CORPORATION
GLW CORNING INC
EXTR EXTREME NETWORKS INC.
DGII DIGI INTERNATIONAL INC.
CIEN COMMSCOPE HOLDING CO. INC.
CASY CIENA CORPORATION
APH CASEY'S GENERAL STORES INC.
SILC AMPHENOL CORPORATION CLASS A
AAOI SILICOM LTD.
BELFB APPLIED OPTOELECTRONICS INC.
CAAP BEL FUSE INC. CL B
COMM CORPORACION AMERICA AIRPORTS
NTGR BMO GLOBAL COMMUNICATIONS INDEX ETF
NETANEL GROUP LTD
Infinera Corporation Reports Third Quarter 2024 Financial Results
Infinera Corporation Reports Third Quarter 2024 Financial Results SAN JOSE, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its third quarter ended September 28, 2024. GAAP revenue for the quarter was $354.4 million compared to $342.7 million in the second quarter of 2024 and $392.4 million in the third quarter of 2023. GAAP gross margin for the quarter was 39.8% compared to 39.6% in the second quarter of 2024 and 40.3% in the third quarter of 2023. GAAP operating margin for the quarter was (3.1)% compared to (8.7)% in t...
Infinera Signs Non-Binding Preliminary Memorandum of Terms to Receive ...
Infinera Signs Non-Binding Preliminary Memorandum of Terms to Receive Up to $93 Million in CHIPS Act Funding 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 SAN JOSE, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) and the U.S. Department of Commerce have signed a non-binding preliminary memorandum of terms for Infinera to receive up to $93 million in direct funding as part of the bipartisan CHIPS...
Converge Selects Infinera’s 1.2T ICE7
Converge Selects Infinera’s 1.2T ICE7 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 . Additionally, Converge w...
Poka Lambro Deploys Infinera to Expand Its Middle-mile Network and Inc...
Poka Lambro Deploys Infinera to Expand Its Middle-mile Network and Increase West Texas Communities’ Opportunity and Competitiveness SAN JOSE, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Poka Lambro Telecommunications (Poka Lambro) has deployed 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 connectivity to support its own fiber broadband transport needs and those...
Infinera’s Commitment to Emission Reduction Validated by Science Based...
Infinera’s Commitment to Emission Reduction Validated by Science Based Targets initiative SAN JOSE, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: INFN) announced today that its greenhouse gas (GHG) emission reduction targets have been validated by the . 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 inst...
Infinera Reminds Infinera Stockholders of Deadline for Infinera Stockh...
Infinera Reminds Infinera Stockholders of Deadline for Infinera Stockholders to Elect Form of Merger Consideration 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 mee...
Core-Backbone Upgrades Key Network Routes in Germany with Infinera’s G...
Core-Backbone Upgrades Key Network Routes in Germany with Infinera’s GX Series Solution SAN JOSE, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Core-Backbone, a global network provider, deployed ICE6 800G coherent solution to upgrade and extend key network routes between Nuremburg and Munich, Nuremburg and Prague, and Hamburg and Düsseldorf, doubling network capacity on each network segment while reducing power consumption per bit. This network upgrade further expands Core-Backbone’s network across Europe, providing high-capacity, high-performanc...
Infinera Corporation Reports Second Quarter 2024 Financial Results
Infinera Corporation Reports Second Quarter 2024 Financial Results SAN JOSE, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its second quarter ended June 29, 2024. GAAP revenue for the quarter was $342.7 million compared to $306.9 million in the first quarter of 2024 and $376.2 million in the second quarter of 2023. GAAP gross margin for the quarter was 39.6% compared to 36.0% in the first quarter of 2024 and 38.0% in the second quarter of 2023. GAAP operating margin for the quarter was (8.7)% compared to (14.0)% in the...
GARR Selects Infinera’s GX Series to Double Capacity of Italy’s Resear...
GARR Selects Infinera’s GX Series to Double Capacity of Italy’s Research & Education Network SAN JOSE, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that GARR, the Italian research and education network, selected ICE6 800G coherent solution to double capacity of GARR’s new optical infrastructure, GARR-T. As part of this project, GARR’s expanded network will now extend to Sardinia. The deployment of Infinera’s solution across GARR’s terrestrial network as well as over the submarine cable system operated by Sparkle strengthens GARR’s high-performanc...
SECOM Deploys Infinera XTM Series for Middle-mile Network to Bring New...
SECOM Deploys Infinera XTM Series for Middle-mile Network to Bring New Broadband Services to Underserved Rural Colorado SAN JOSE, Calif., July 22, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that SECOM is modernizing its middle-mile and business Ethernet access network using optical transport solution to bring new multi-gigabit broadband services to previously underserved rural southern Colorado communities. SECOM’s enhanced network provides connectivity for thousands of customers, including homes, schools, libraries, government entities, telecoms, and businesses. S...
Japan’s APRESIA Systems Expands Access Network Solutions Portfolio wit...
Japan’s APRESIA Systems Expands Access Network Solutions Portfolio with Integration of Infinera ICE-X Coherent Pluggables 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. will enable APRESIA to enhance its access network solutions and...
Infinera, DZS, and Calnex Successfully Demonstrate 5G Mobile xHaul wit...
Infinera, DZS, and Calnex Successfully Demonstrate 5G Mobile xHaul with Open XR Point-to-Multipoint Optics in European Open Test & Integration Center in Torino SAN JOSE, Calif., June 17, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today a successful multi-vendor demonstration of 5G mobile broadband xHaul using coherent open XR optics point-to-multipoint optical transmission. The multi-vendor interoperability testing, conducted with DZS and Calnex, represents a key step toward enabling mobile operators to greatly simplify and cost-reduce 5G and next-generation mobile transpo...
Digicel Deploys Infinera’s GX Series for Deep Blue One Subsea Cable Sy...
Digicel Deploys Infinera’s GX Series for Deep Blue One Subsea Cable System SAN JOSE, Calif., June 12, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Digicel has deployed Infinera’s , featuring Infinera’s ICE6 800G and FlexILS solutions, to light the Deep Blue One subsea cable connecting French Guiana, Suriname, Guyana, and Trinidad and Tobago. The deployment offers service providers new, best-in-class connectivity to the southern Caribbean region. Deep Blue One is a new subsea cable system that spans 2,100 kilometers (km) in the Caribbean and Latin America region...
Infinera Corporation Announces Notification of Delinquency with Nasdaq
Infinera Corporation Announces Notification of Delinquency with Nasdaq SAN JOSE, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it received an expected delinquency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on May 15, 2024 (the "Notice"). The Notice indicated that Infinera remains in noncompliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 30, 2024 (the “Form 10-Q”), as describe...
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