Infinera Key Executives
This section highlights Infinera's key executives, including their titles and compensation details.
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Infinera Earnings
This section highlights Infinera's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q1 | 2024 | 2024-05-16 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-03-06 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-08 | $-0.01 | $-0.01 |
| Read Transcript | Q2 | 2023 | 2023-08-09 | $-0.04 | $-0.08 |
| Read Transcript | Q1 | 2023 | 2023-05-03 | $0.01 | $0.02 |
Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; 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; and Infinera 7090 and 7100 series for transport platforms. It also offers Infinera XTM series, a packet-optical transport platform that enables metro connectivity solutions; Infinera XTC series, a multi-terabit packet optical transport platforms that integrates digital OTN switching and optical WDM transmission; Infinera mTera series, a network transport solution; 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 provides 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 ICE-XR Coherent Pluggable Optics. It also offers Infinera Transcend software suite; and system software and customer support services. The company also serves telecommunications service providers, ICPs, cable providers, wholesale carriers, research and education institutions, large enterprises, and government entities. It markets and sells its products and related support services primarily through its direct sales force. The company was formerly known as Zepton Networks. The company was incorporated in 2000 and is headquartered in San Jose, California.
$6.64
Stock Price
$1.57B
Market Cap
3.42K
Employees
San Jose, CA
Location
Financial Statements
Access annual & quarterly financial statements for Infinera, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 28, 2024 | December 30, 2023 | December 31, 2022 | December 25, 2021 | December 26, 2020 |
|---|---|---|---|---|---|
| Revenue | $1.42B | $1.61B | $1.57B | $1.43B | $1.36B |
| Cost of Revenue | $873.89M | $991.22M | $1.04B | $927.23M | $946.80M |
| Gross Profit | $544.56M | $622.91M | $535.78M | $497.97M | $408.79M |
| Gross Profit Ratio | 38.40% | 38.60% | 34.06% | 34.90% | 30.16% |
| Research and Development Expenses | $300.44M | $316.88M | $306.19M | $299.89M | $265.63M |
| General and Administrative Expenses | $132.68M | $124.87M | $118.60M | $115.42M | $112.24M |
| Selling and Marketing Expenses | $158.86M | $166.94M | $146.44M | $138.83M | $129.60M |
| Selling General and Administrative Expenses | $291.54M | $291.81M | $265.05M | $254.24M | $241.84M |
| Other Expenses | $36.23M | $19.06M | $14.58M | $17.45M | $18.58M |
| Operating Expenses | $628.21M | $627.75M | $585.81M | $571.59M | $526.06M |
| Cost and Expenses | $1.50B | $1.62B | $1.62B | $1.50B | $1.47B |
| Interest Income | $3.38M | $2.72M | $893.00K | $455.00K | $118.00K |
| Interest Expense | $32.30M | $30.61M | $26.02M | $49.10M | $46.73M |
| Depreciation and Amortization | $62.33M | $78.78M | $93.25M | $98.58M | $118.70M |
| EBITDA | $-38.39M | $91.98M | $63.76M | $-11.12M | $-35.26M |
| EBITDA Ratio | -2.71% | 5.70% | 4.00% | -0.86% | -1.17% |
| Operating Income | $-83.65M | $4.09M | $-34.90M | $-73.62M | $-117.27M |
| Operating Income Ratio | -5.90% | 0.25% | -2.22% | -5.17% | -8.65% |
| Total Other Income Expenses Net | $-49.38M | $-21.50M | $-7.06M | $-71.31M | $-83.42M |
| Income Before Tax | $-133.03M | $-17.41M | $-55.51M | $-158.79M | $-200.69M |
| Income Before Tax Ratio | -9.38% | -1.08% | -3.53% | -11.14% | -14.80% |
| Income Tax Expense | $17.31M | $7.80M | $20.53M | $11.99M | $6.04M |
| Net Income | $-150.34M | $-25.21M | $-76.04M | $-170.78M | $-206.72M |
| Net Income Ratio | -10.60% | -1.56% | -4.83% | -11.98% | -15.25% |
| EPS | $-0.64 | $-0.11 | $-0.35 | $-0.82 | $-1.10 |
| EPS Diluted | $-0.64 | $-0.11 | $-0.35 | $-0.82 | $-1.10 |
| Weighted Average Shares Outstanding | 234.67M | 226.73M | 216.38M | 207.38M | 188.22M |
| Weighted Average Shares Outstanding Diluted | 234.67M | 226.73M | 216.38M | 207.38M | 188.22M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 28, 2024 | September 28, 2024 | June 29, 2024 | March 30, 2024 | December 30, 2023 | September 30, 2023 | July 01, 2023 | April 01, 2023 | December 31, 2022 | September 24, 2022 | June 25, 2022 | March 26, 2022 | December 25, 2021 | September 25, 2021 | June 26, 2021 | March 27, 2021 | December 26, 2020 | September 26, 2020 | June 27, 2020 | March 28, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $414.39M | $354.40M | $342.74M | $306.92M | $453.46M | $392.37M | $376.23M | $392.07M | $485.94M | $390.45M | $357.99M | $338.87M | $400.26M | $355.81M | $338.23M | $330.91M | $353.52M | $340.21M | $331.59M | $330.27M |
| Cost of Revenue | $257.08M | $213.18M | $208.70M | $198.71M | $276.34M | $237.03M | $233.44M | $245.18M | $305.42M | $259.59M | $252.44M | $227.23M | $257.79M | $237.72M | $217.84M | $213.88M | $227.38M | $231.94M | $234.18M | $253.31M |
| Gross Profit | $157.31M | $141.21M | $134.04M | $108.21M | $177.12M | $155.34M | $142.79M | $146.90M | $180.51M | $130.86M | $105.55M | $111.65M | $142.47M | $118.09M | $120.38M | $117.03M | $126.14M | $108.28M | $97.41M | $76.97M |
| Gross Profit Ratio | 38.00% | 39.80% | 39.10% | 35.30% | 39.10% | 39.60% | 38.00% | 37.50% | 37.10% | 33.50% | 29.50% | 32.90% | 35.60% | 33.20% | 35.60% | 35.40% | 35.68% | 31.83% | 29.38% | 23.30% |
| Research and Development Expenses | $75.21M | $73.28M | $74.68M | $77.26M | $79.64M | $76.85M | $79.35M | $81.04M | $77.99M | $76.16M | $78.64M | $73.41M | $75.78M | $76.65M | $73.93M | $73.53M | $64.73M | $65.64M | $67.09M | $68.18M |
| General and Administrative Expenses | $31.57M | $34.16M | $34.11M | $32.85M | $35.11M | $29.37M | $31.16M | $29.23M | $31.64M | $28.92M | $30.15M | $27.89M | $28.41M | $28.30M | $32.20M | $26.51M | $24.34M | $28.18M | $30.10M | $29.62M |
| Selling and Marketing Expenses | $40.50M | $35.72M | $41.90M | $40.74M | $42.53M | $41.08M | $41.62M | $41.71M | $41.37M | $33.92M | $35.33M | $35.82M | $39.05M | $33.22M | $33.78M | $32.77M | $32.15M | $28.95M | $31.82M | $36.69M |
| Selling General and Administrative Expenses | $72.07M | $69.88M | $72.18M | $73.59M | $77.64M | $65.44M | $72.78M | $70.94M | $73.01M | $54.24M | $60.23M | $63.71M | $67.46M | $61.52M | $65.98M | $59.28M | $56.48M | $57.14M | $61.92M | $66.31M |
| Other Expenses | $9.89M | $9.05M | $-3.82M | $2.57M | $-2.26M | $-5.00M | $7.17M | $3.59M | $3.58M | $-8.60M | $-5.25M | $3.75M | $-8.23M | $-4.76M | $2.72M | $-12.39M | $10.78M | $5.02M | $-1.99M | $-12.68M |
| Operating Expenses | $157.17M | $152.21M | $150.68M | $150.85M | $159.54M | $147.29M | $155.65M | $155.57M | $154.58M | $139.00M | $144.11M | $140.87M | $147.55M | $142.52M | $144.31M | $137.21M | $125.95M | $127.47M | $133.59M | $139.04M |
| Cost and Expenses | $414.25M | $365.40M | $359.38M | $349.56M | $435.88M | $384.31M | $389.09M | $400.75M | $460.00M | $398.59M | $396.55M | $368.10M | $405.34M | $380.24M | $362.15M | $351.09M | $353.34M | $359.40M | $367.77M | $392.35M |
| Interest Income | $594.00K | $874.00K | $793.00K | $1.12M | $982.00K | $546.00K | $717.00K | $471.00K | $467.00K | $269.00K | $104.00K | $53.00K | $365.00K | $22.00K | $27.00K | $40.00K | $33.00K | $7.00K | $54.00K | $24.00K |
| Interest Expense | $6.75M | $8.76M | $8.16M | $8.63M | $8.81M | $7.61M | $7.39M | $6.80M | $7.25M | $6.52M | $7.25M | $4.99M | $12.62M | $12.62M | $12.02M | $11.84M | $12.85M | $12.64M | $12.44M | $8.79M |
| Depreciation and Amortization | $15.59M | $15.76M | $15.54M | $15.45M | $19.38M | $20.00M | $21.93M | $21.75M | $22.04M | $23.52M | $23.42M | $24.27M | $26.55M | $24.19M | $22.06M | $25.77M | $30.31M | $22.89M | $25.92M | $25.45M |
| EBITDA | $4.78M | $14.12M | $-24.66M | $-32.63M | $36.36M | $20.66M | $15.53M | $23.71M | $66.71M | $22.90M | $-19.71M | $-6.15M | $9.24M | $-11.53M | $1.56M | $-23.11M | $34.34M | $1.00M | $-20.64M | $-58.89M |
| EBITDA Ratio | 1.15% | 3.98% | -7.00% | -11.00% | 8.00% | 5.00% | 3.94% | 5.70% | 13.39% | 3.94% | -4.23% | -2.00% | -2.16% | -2.32% | -0.71% | -3.62% | 4.45% | 2.56% | -3.68% | -14.92% |
| Operating Income | $140.00K | $-11.00M | $-16.64M | $-42.64M | $17.57M | $8.05M | $-14.29M | $2.75M | $45.25M | $-8.14M | $-38.57M | $-29.22M | $-10.14M | $-30.98M | $-23.25M | $-23.11M | $-6.78M | $-26.92M | $-44.63M | $-76.88M |
| Operating Income Ratio | 0.03% | -3.10% | -4.86% | -13.89% | 3.88% | 2.05% | -3.80% | 0.70% | 9.31% | -2.09% | -10.77% | -8.62% | -2.53% | -8.71% | -6.87% | -6.98% | -1.92% | -7.91% | -13.46% | -23.28% |
| Total Other Income Expenses Net | $-17.70M | $595.00K | $-31.72M | $-14.06M | $-9.41M | $-14.60M | $500.00K | $-7.59M | $-7.83M | $1.00M | $-11.81M | $-6.19M | $-20.48M | $-17.36M | $-9.27M | $-24.20M | $-2.04M | $-7.62M | $-14.37M | $-21.45M |
| Income Before Tax | $-17.56M | $-10.40M | $-48.36M | $-56.70M | $8.17M | $-6.95M | $-13.79M | $-4.84M | $37.42M | $-7.14M | $-50.38M | $-35.41M | $-30.62M | $-48.34M | $-32.52M | $-47.31M | $-8.82M | $-34.54M | $-59.00M | $-98.33M |
| Income Before Tax Ratio | -4.24% | -2.94% | -14.11% | -18.47% | 1.80% | -1.77% | -3.67% | -1.23% | 7.70% | -1.83% | -14.07% | -10.45% | -7.65% | -13.59% | -9.61% | -14.30% | -2.49% | -10.15% | -17.79% | -29.77% |
| Income Tax Expense | $8.78M | $3.91M | $-75.00K | $4.69M | $-4.71M | $2.47M | $6.47M | $3.57M | $3.96M | $4.79M | $5.34M | $6.44M | $2.45M | $5.46M | $3.08M | $1.01M | $1.10M | $1.36M | $2.63M | $936.00K |
| Net Income | $-26.34M | $-14.31M | $-48.29M | $-61.40M | $12.87M | $-9.41M | $-20.26M | $-8.41M | $33.46M | $-11.93M | $-55.72M | $-41.85M | $-33.07M | $-53.79M | $-35.59M | $-48.32M | $-9.92M | $-35.90M | $-61.63M | $-99.27M |
| Net Income Ratio | -6.36% | -4.04% | -14.09% | -20.00% | 2.84% | -2.40% | -5.39% | -2.14% | 6.89% | -3.06% | -15.57% | -12.35% | -8.26% | -15.12% | -10.52% | -14.60% | -2.81% | -10.55% | -18.59% | -30.06% |
| EPS | $-0.11 | $-0.06 | $-0.21 | $-0.27 | $0.06 | $-0.04 | $-0.09 | $-0.04 | $0.15 | $-0.05 | $-0.26 | $-0.20 | $-0.16 | $-0.26 | $-0.17 | $-0.24 | $-0.05 | $-0.19 | $-0.33 | $-0.55 |
| EPS Diluted | $-0.11 | $-0.06 | $-0.21 | $-0.27 | $0.06 | $-0.04 | $-0.09 | $-0.04 | $0.13 | $-0.05 | $-0.26 | $-0.20 | $-0.16 | $-0.26 | $-0.17 | $-0.24 | $-0.05 | $-0.19 | $-0.33 | $-0.55 |
| Weighted Average Shares Outstanding | 236.97M | 235.83M | 234.35M | 231.53M | 230.51M | 228.08M | 225.92M | 222.39M | 219.92M | 217.62M | 215.51M | 209.25M | 210.91M | 206.90M | 206.78M | 201.34M | 191.18M | 188.93M | 185.60M | 180.49M |
| Weighted Average Shares Outstanding Diluted | 236.97M | 235.83M | 234.35M | 231.53M | 233.09M | 228.08M | 225.92M | 222.39M | 258.03M | 217.62M | 215.51M | 212.18M | 210.91M | 209.18M | 206.78M | 202.64M | 195.66M | 189.59M | 185.60M | 182.02M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 28, 2024 | December 30, 2023 | December 31, 2022 | December 25, 2021 | December 26, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $145.81M | $172.50M | $178.66M | $190.61M | $298.01M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $145.81M | $172.50M | $178.66M | $190.61M | $298.01M |
| Net Receivables | $336.55M | $381.98M | $419.74M | $358.95M | $319.43M |
| Inventory | $308.21M | $431.16M | $374.86M | $291.37M | $269.31M |
| Other Current Assets | $155.25M | $129.74M | $159.72M | $150.83M | $175.12M |
| Total Current Assets | $945.82M | $1.12B | $1.13B | $991.76M | $1.06B |
| Property Plant Equipment Net | $285.84M | $246.97M | $207.47M | $205.56M | $221.98M |
| Goodwill | $224.23M | $240.57M | $232.66M | $255.79M | $273.43M |
| Intangible Assets | $15.79M | $24.82M | $47.79M | $86.57M | $124.88M |
| Goodwill and Intangible Assets | $240.03M | $265.38M | $280.45M | $342.36M | $398.31M |
| Long Term Investments | $- | $- | $3.27M | $9.07M | $14.08M |
| Tax Assets | $- | $- | $-3.27M | $-9.07M | $-14.08M |
| Other Non-Current Assets | $62.06M | $51.50M | $48.24M | $47.55M | $50.33M |
| Total Non-Current Assets | $587.94M | $563.85M | $536.17M | $595.46M | $670.62M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $1.53B | $1.68B | $1.67B | $1.59B | $1.73B |
| Account Payables | $284.99M | $299.00M | $304.88M | $216.40M | $175.76M |
| Short Term Debt | $482.00K | $38.42M | $12.21M | $18.32M | $118.01M |
| Tax Payables | $15.29M | $24.25M | $42.76M | $43.31M | $45.88M |
| Deferred Revenue | $134.73M | $136.25M | $158.50M | $137.30M | $133.25M |
| Other Current Liabilities | $191.28M | $176.07M | $185.59M | $197.15M | $160.99M |
| Total Current Liabilities | $626.77M | $673.99M | $703.94M | $612.49M | $633.89M |
| Long Term Debt | $12.31M | $706.22M | $713.58M | $531.12M | $523.50M |
| Deferred Revenue Non-Current | $29.29M | $21.33M | $23.18M | $31.61M | $29.81M |
| Deferred Tax Liabilities Non-Current | $3.04M | $1.80M | $2.35M | $2.36M | $4.16M |
| Other Non-Current Liabilities | $716.55M | $59.30M | $46.45M | $85.87M | $114.85M |
| Total Non-Current Liabilities | $790.47M | $788.65M | $785.55M | $650.97M | $672.33M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $1.42B | $1.46B | $1.49B | $1.26B | $1.31B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $237.00K | $231.00K | $220.00K | $211.00K | $201.00K |
| Retained Earnings | $-1.88B | $-1.72B | $-1.70B | $-1.70B | $-1.53B |
| Accumulated Other Comprehensive Income Loss | $-33.39M | $-34.85M | $-22.47M | $-4.50M | $-11.90M |
| Other Total Stockholders Equity | $2.02B | $1.98B | $1.90B | $2.03B | $1.97B |
| Total Stockholders Equity | $116.52M | $216.59M | $179.65M | $323.77M | $426.28M |
| Total Equity | $116.52M | $216.59M | $179.65M | $323.77M | $426.28M |
| Total Liabilities and Stockholders Equity | $1.53B | $1.68B | $1.67B | $1.59B | $1.73B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.53B | $1.68B | $1.67B | $1.59B | $1.73B |
| Total Investments | $- | $837.00K | $3.27M | $9.07M | $14.08M |
| Total Debt | $42.08M | $744.64M | $714.09M | $531.65M | $625.49M |
| Net Debt | $-103.72M | $572.13M | $535.43M | $341.04M | $327.47M |
Balance Sheet Charts
| Breakdown | December 28, 2024 | September 28, 2024 | June 29, 2024 | March 30, 2024 | December 30, 2023 | September 30, 2023 | July 01, 2023 | April 01, 2023 | December 31, 2022 | September 24, 2022 | June 25, 2022 | March 26, 2022 | December 25, 2021 | September 25, 2021 | June 26, 2021 | March 27, 2021 | December 26, 2020 | September 26, 2020 | June 27, 2020 | March 28, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $145.81M | $115.09M | $115.00M | $191.33M | $173.02M | $125.65M | $163.01M | $163.76M | $178.66M | $206.99M | $152.00M | $191.94M | $190.61M | $203.48M | $219.74M | $234.03M | $298.01M | $196.55M | $202.78M | $261.53M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $145.81M | $115.09M | $115.00M | $191.33M | $173.02M | $125.65M | $163.01M | $163.76M | $178.66M | $206.99M | $152.00M | $191.94M | $190.61M | $203.48M | $219.74M | $234.03M | $298.01M | $196.55M | $202.78M | $261.53M |
| Net Receivables | $336.55M | $288.26M | $284.38M | $265.07M | $381.98M | $328.86M | $325.65M | $334.43M | $419.74M | $284.00M | $302.93M | $276.06M | $358.95M | $273.37M | $281.02M | $276.86M | $319.43M | $290.32M | $289.11M | $272.28M |
| Inventory | $308.21M | $356.12M | $384.26M | $420.67M | $431.16M | $456.88M | $427.39M | $412.94M | $374.86M | $331.06M | $309.60M | $291.69M | $291.37M | $289.61M | $274.03M | $262.83M | $269.31M | $275.84M | $288.16M | $319.70M |
| Other Current Assets | $155.25M | $162.60M | $167.48M | $137.32M | $129.74M | $128.87M | $139.22M | $159.10M | $159.72M | $168.77M | $182.62M | $167.72M | $150.83M | $143.04M | $139.45M | $142.53M | $175.12M | $163.27M | $172.36M | $163.97M |
| Total Current Assets | $945.82M | $922.08M | $950.79M | $1.01B | $1.12B | $1.04B | $1.06B | $1.07B | $1.13B | $981.87M | $926.01M | $927.40M | $991.76M | $909.51M | $914.23M | $916.24M | $1.06B | $925.97M | $952.41M | $1.02B |
| Property Plant Equipment Net | $285.84M | $270.55M | $259.00M | $244.34M | $246.97M | $230.59M | $222.70M | $211.44M | $207.47M | $195.45M | $196.72M | $196.87M | $205.56M | $214.19M | $220.48M | $218.06M | $221.98M | $210.34M | $205.91M | $210.73M |
| Goodwill | $224.23M | $237.51M | $230.69M | $229.66M | $240.57M | $225.22M | $227.46M | $233.77M | $232.66M | $224.24M | $237.25M | $249.53M | $255.79M | $264.76M | $268.70M | $265.22M | $273.43M | $256.18M | $251.05M | $239.41M |
| Intangible Assets | $15.79M | $18.05M | $20.31M | $22.56M | $24.82M | $27.07M | $33.56M | $40.66M | $47.79M | $55.58M | $65.83M | $76.27M | $86.57M | $97.21M | $106.45M | $115.16M | $124.88M | $132.56M | $143.76M | $155.36M |
| Goodwill and Intangible Assets | $240.03M | $255.56M | $250.99M | $252.22M | $265.38M | $252.29M | $261.02M | $274.44M | $280.45M | $279.82M | $303.08M | $325.80M | $342.36M | $361.96M | $375.15M | $380.38M | $398.31M | $388.74M | $394.81M | $394.77M |
| Long Term Investments | $- | $- | $649.00K | $830.00K | $837.00K | $984.00K | $1.30M | $2.10M | $3.27M | $3.03M | $3.18M | $5.56M | $9.07M | $10.08M | $10.65M | $12.23M | $14.08M | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $-1.30M | $-2.10M | $-3.27M | $- | $-1 | $-5.56M | $-9.07M | $-10.08M | $-10.65M | $-12.23M | $-14.08M | $- | $- | $- |
| Other Non-Current Assets | $62.06M | $57.57M | $57.41M | $53.38M | $50.66M | $45.91M | $47.16M | $42.27M | $48.24M | $39.52M | $39.81M | $39.91M | $38.48M | $37.72M | $40.00M | $40.04M | $36.26M | $46.42M | $42.73M | $44.16M |
| Total Non-Current Assets | $587.94M | $583.68M | $568.05M | $550.77M | $563.85M | $529.78M | $530.87M | $528.15M | $536.17M | $517.81M | $542.79M | $568.14M | $595.46M | $623.95M | $646.29M | $650.71M | $670.62M | $645.50M | $643.45M | $649.65M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.53B | $1.51B | $1.52B | $1.57B | $1.68B | $1.57B | $1.59B | $1.60B | $1.67B | $1.50B | $1.47B | $1.50B | $1.59B | $1.53B | $1.56B | $1.57B | $1.73B | $1.57B | $1.60B | $1.67B |
| Account Payables | $284.99M | $259.23M | $237.90M | $239.24M | $299.00M | $282.12M | $279.64M | $275.18M | $304.88M | $246.12M | $208.88M | $188.46M | $216.40M | $173.30M | $172.96M | $151.98M | $175.76M | $156.78M | $195.95M | $203.28M |
| Short Term Debt | $482.00K | $23.96M | $38.36M | $38.16M | $38.42M | $38.64M | $20.12M | $19.51M | $12.21M | $13.83M | $15.21M | $16.42M | $18.32M | $18.39M | $19.99M | $42.67M | $118.01M | $41.28M | $45.84M | $51.43M |
| Tax Payables | $15.29M | $18.47M | $16.75M | $16.57M | $24.25M | $40.25M | $39.19M | $41.68M | $42.76M | $37.87M | $42.66M | $48.50M | $43.31M | $34.40M | $32.05M | $36.04M | $45.88M | $56.58M | $67.58M | $76.59M |
| Deferred Revenue | $134.73M | $116.33M | $140.93M | $141.55M | $136.25M | $100.78M | $135.51M | $153.29M | $158.50M | $106.74M | $116.04M | $129.80M | $137.30M | $107.83M | $119.91M | $124.28M | $133.25M | $88.11M | $95.93M | $95.69M |
| Other Current Liabilities | $191.28M | $166.44M | $170.51M | $178.78M | $176.07M | $153.04M | $154.95M | $144.58M | $185.59M | $173.62M | $172.40M | $179.33M | $197.15M | $186.27M | $169.79M | $150.95M | $160.99M | $157.59M | $156.75M | $178.46M |
| Total Current Liabilities | $626.77M | $584.43M | $604.45M | $614.30M | $673.99M | $614.83M | $629.41M | $634.23M | $703.94M | $578.18M | $555.18M | $562.50M | $612.49M | $520.19M | $514.71M | $505.93M | $633.89M | $500.33M | $562.05M | $605.44M |
| Long Term Debt | $12.31M | $711.77M | $709.17M | $705.32M | $707.35M | $702.28M | $718.33M | $706.38M | $713.58M | $715.54M | $692.62M | $649.88M | $531.12M | $534.13M | $529.07M | $603.18M | $599.63M | $661.22M | $639.84M | $634.63M |
| Deferred Revenue Non-Current | $29.29M | $21.63M | $21.98M | $24.65M | $21.33M | $21.17M | $21.55M | $22.26M | $23.18M | $22.59M | $29.13M | $29.91M | $31.61M | $30.05M | $28.41M | $28.96M | $29.81M | $29.95M | $31.30M | $34.15M |
| Deferred Tax Liabilities Non-Current | $3.04M | $1.77M | $1.69M | $1.68M | $1.80M | $2.23M | $2.27M | $2.37M | $2.35M | $1.94M | $2.12M | $2.28M | $2.36M | $3.13M | $3.24M | $3.68M | $4.16M | $4.58M | $5.56M | $7.50M |
| Other Non-Current Liabilities | $716.55M | $52.32M | $49.95M | $57.67M | $58.17M | $46.58M | $47.40M | $46.89M | $46.45M | $67.23M | $73.20M | $80.76M | $85.87M | $105.70M | $108.51M | $31.86M | $38.72M | $26.16M | $27.25M | $23.69M |
| Total Non-Current Liabilities | $790.47M | $787.49M | $782.80M | $789.32M | $788.65M | $772.26M | $789.55M | $777.90M | $785.55M | $807.30M | $797.06M | $762.83M | $650.97M | $673.00M | $669.22M | $667.68M | $672.33M | $721.90M | $703.95M | $699.97M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.42B | $1.37B | $1.39B | $1.40B | $1.46B | $1.39B | $1.42B | $1.41B | $1.49B | $1.39B | $1.35B | $1.33B | $1.26B | $1.19B | $1.18B | $1.17B | $1.31B | $1.22B | $1.27B | $1.31B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $237.00K | $236.00K | $235.00K | $232.00K | $231.00K | $229.00K | $226.00K | $225.00K | $220.00K | $219.00K | $216.00K | $213.00K | $211.00K | $210.00K | $208.00K | $205.00K | $201.00K | $193.00K | $187.00K | $183.00K |
| Retained Earnings | $-1.88B | $-1.85B | $-1.83B | $-1.79B | $-1.72B | $-1.74B | $-1.73B | $-1.71B | $-1.70B | $-1.73B | $-1.72B | $-1.67B | $-1.70B | $-1.66B | $-1.61B | $-1.58B | $-1.53B | $-1.52B | $-1.48B | $-1.42B |
| Accumulated Other Comprehensive Income Loss | $-33.39M | $-30.41M | $-32.83M | $-43.03M | $-34.85M | $-45.16M | $-47.26M | $-31.03M | $-22.47M | $-39.13M | $-29.54M | $-15.61M | $-4.50M | $-10.41M | $-8.53M | $-14.87M | $-11.90M | $-22.12M | $-27.57M | $-46.14M |
| Other Total Stockholders Equity | $2.02B | $2.01B | $2.00B | $1.99B | $1.98B | $1.96B | $1.94B | $1.93B | $1.90B | $1.89B | $1.87B | $1.85B | $2.03B | $2.02B | $2.00B | $1.98B | $1.97B | $1.89B | $1.84B | $1.83B |
| Total Stockholders Equity | $116.52M | $133.85M | $131.59M | $161.54M | $216.59M | $181.23M | $167.18M | $186.26M | $179.65M | $114.20M | $116.56M | $170.21M | $323.77M | $340.27M | $376.59M | $393.35M | $426.28M | $349.23M | $329.85M | $361.72M |
| Total Equity | $116.52M | $133.85M | $131.59M | $161.54M | $216.59M | $181.23M | $167.18M | $186.26M | $179.65M | $114.20M | $116.56M | $170.21M | $323.77M | $340.27M | $376.59M | $393.35M | $426.28M | $349.23M | $329.85M | $361.72M |
| Total Liabilities and Stockholders Equity | $1.53B | $1.51B | $1.52B | $1.57B | $1.68B | $1.57B | $1.59B | $1.60B | $1.67B | $1.50B | $1.47B | $1.50B | $1.59B | $1.53B | $1.56B | $1.57B | $1.73B | $1.57B | $1.60B | $1.67B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.53B | $1.51B | $1.52B | $1.57B | $1.68B | $1.57B | $1.59B | $1.60B | $1.67B | $1.50B | $1.47B | $1.50B | $1.59B | $1.53B | $1.56B | $1.57B | $1.73B | $1.57B | $1.60B | $1.67B |
| Total Investments | $- | $446.00K | $649.00K | $830.00K | $837.00K | $984.00K | $1.30M | $2.10M | $3.27M | $3.03M | $3.18M | $5.56M | $9.07M | $10.08M | $10.65M | $12.23M | $14.08M | $- | $- | $- |
| Total Debt | $42.08M | $735.73M | $747.54M | $743.49M | $745.76M | $740.92M | $725.35M | $713.53M | $714.09M | $729.38M | $707.82M | $666.29M | $531.65M | $552.52M | $549.06M | $570.97M | $625.49M | $629.76M | $601.87M | $603.78M |
| Net Debt | $-103.72M | $620.64M | $632.53M | $552.15M | $572.74M | $615.27M | $562.35M | $549.77M | $535.43M | $522.39M | $555.82M | $474.36M | $341.04M | $349.04M | $329.32M | $336.94M | $327.47M | $433.21M | $399.09M | $342.24M |
Annual Cash Flow
| Breakdown | December 28, 2024 | December 30, 2023 | December 31, 2022 | December 25, 2021 | December 26, 2020 |
|---|---|---|---|---|---|
| Net Income | $- | $-25.21M | $-76.04M | $-170.78M | $-206.72M |
| Depreciation and Amortization | $62.33M | $78.78M | $83.83M | $83.58M | $100.14M |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $62.15M | $61.02M | $51.81M | $49.46M |
| Change in Working Capital | $- | $-77.91M | $-113.66M | $5.11M | $-111.76M |
| Accounts Receivables | $40.22M | $38.51M | $-69.02M | $-45.78M | $32.15M |
| Inventory | $121.77M | $-57.86M | $-89.53M | $-28.02M | $71.42M |
| Accounts Payables | $-28.26M | $-2.92M | $88.26M | $32.30M | $-93.41M |
| Other Working Capital | $-28.86M | $-55.64M | $-43.36M | $46.61M | $-121.92M |
| Other Non Cash Items | $18.35M | $11.70M | $7.29M | $58.40M | $56.58M |
| Net Cash Provided by Operating Activities | $80.68M | $49.51M | $-37.56M | $28.13M | $-112.30M |
| Investments in Property Plant and Equipment | $-75.01M | $-62.31M | $-46.05M | $-41.38M | $-39.01M |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $-75.01M | $-62.31M | $-46.05M | $-41.38M | $-39.01M |
| Debt Repayment | $-19.78M | $1.25M | $70.87M | $-78.98M | $239.68M |
| Common Stock Issued | $6.00K | $14.93M | $15.19M | $16.50M | $109.99M |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-12.45M | $-2.46M | $-3.71M | $-39.06M | $-15.51M |
| Net Cash Used Provided by Financing Activities | $-32.22M | $13.71M | $82.35M | $-101.54M | $334.16M |
| Effect of Forex Changes on Cash | $-1.08M | $-16.25M | $-12.05M | $1.93M | $-267.00K |
| Net Change in Cash | $-27.63M | $-15.34M | $-13.32M | $-112.86M | $182.59M |
| Cash at End of Period | $146.23M | $173.86M | $189.20M | $202.52M | $315.38M |
| Cash at Beginning of Period | $173.86M | $189.20M | $202.52M | $315.38M | $132.80M |
| Operating Cash Flow | $80.68M | $49.51M | $-37.56M | $28.13M | $-112.30M |
| Capital Expenditure | $-75.01M | $-62.31M | $-46.05M | $-41.38M | $-39.01M |
| Free Cash Flow | $5.67M | $-12.80M | $-83.61M | $-13.25M | $-151.31M |
Cash Flow Charts
| Breakdown | December 28, 2024 | September 28, 2024 | June 29, 2024 | March 30, 2024 | December 30, 2023 | September 30, 2023 | July 01, 2023 | April 01, 2023 | December 31, 2022 | September 24, 2022 | June 25, 2022 | March 26, 2022 | December 25, 2021 | September 25, 2021 | June 26, 2021 | March 27, 2021 | December 26, 2020 | September 26, 2020 | June 27, 2020 | March 28, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-26.34M | $-14.31M | $-48.29M | $-61.40M | $12.87M | $-9.41M | $-20.26M | $-8.41M | $33.46M | $-11.93M | $-55.72M | $-41.85M | $-33.07M | $-53.79M | $-35.59M | $-48.32M | $-9.92M | $-35.90M | $-61.63M | $-99.27M |
| Depreciation and Amortization | $15.59M | $15.76M | $15.54M | $15.45M | $19.38M | $20.00M | $19.80M | $19.60M | $19.82M | $23.52M | $23.42M | $21.57M | $23.35M | $20.93M | $18.76M | $20.55M | $25.88M | $22.89M | $25.92M | $25.45M |
| Deferred Income Tax | $- | $- | $- | $- | $90.31M | $-90.31M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $12.20M | $14.39M | $9.80M | $14.53M | $12.76M | $15.74M | $18.00M | $15.65M | $16.60M | $13.70M | $17.78M | $12.94M | $13.27M | $13.63M | $13.94M | $10.97M | $12.92M | $12.06M | $12.78M | $11.70M |
| Change in Working Capital | $67.53M | $-12.23M | $-40.53M | $52.76M | $32.81M | $-59.14M | $-20.88M | $-30.71M | $-73.79M | $8.26M | $-61.31M | $13.19M | $-20.37M | $-5.88M | $12.45M | $18.91M | $8.15M | $-48.16M | $-28.50M | $-43.24M |
| Accounts Receivables | $-52.15M | $-2.40M | $-20.68M | $115.44M | $-50.74M | $-4.97M | $7.98M | $86.24M | $-133.86M | $14.44M | $-31.42M | $81.82M | $-88.28M | $6.21M | $-2.38M | $38.67M | $-23.10M | $1.26M | $-16.25M | $70.24M |
| Inventory | $47.24M | $28.38M | $35.98M | $10.16M | $25.12M | $-29.82M | $-14.61M | $-38.55M | $-44.01M | $-23.29M | $-20.25M | $-1.98M | $-3.13M | $-18.77M | $-10.18M | $4.06M | $8.22M | $13.04M | $32.43M | $17.74M |
| Accounts Payables | $28.87M | $20.95M | $-13.43M | $-64.64M | $24.88M | $225.00K | $-54.00K | $-27.97M | $50.93M | $35.21M | $21.95M | $-19.83M | $34.38M | $9.00K | $21.50M | $-23.58M | $24.41M | $-40.47M | $-5.00M | $-72.36M |
| Other Working Capital | $43.56M | $-59.15M | $-42.41M | $-8.20M | $33.55M | $-24.57M | $-14.20M | $-50.42M | $53.15M | $-18.10M | $-31.59M | $-46.82M | $36.66M | $6.68M | $3.51M | $-239.00K | $-1.39M | $-22.00M | $-39.67M | $-58.87M |
| Other Non Cash Items | $3.07M | $40.96M | $42.53M | $-12.85M | $54.09M | $93.32M | $4.77M | $2.09M | $3.35M | $20.47M | $97.75M | $9.94M | $18.19M | $11.94M | $11.75M | $16.52M | $15.20M | $12.67M | $14.86M | $13.85M |
| Net Cash Provided by Operating Activities | $72.05M | $44.56M | $-59.95M | $24.03M | $79.65M | $-29.79M | $1.42M | $-1.77M | $-564.00K | $19.64M | $-72.42M | $15.79M | $1.37M | $-13.18M | $21.30M | $18.63M | $52.22M | $-36.43M | $-36.57M | $-91.52M |
| Investments in Property Plant and Equipment | $-28.27M | $-24.09M | $-14.58M | $-8.08M | $-21.41M | $-13.32M | $-10.77M | $-16.81M | $-8.30M | $-11.02M | $-10.67M | $-16.06M | $-9.06M | $-6.53M | $-14.07M | $-11.72M | $-11.86M | $-8.15M | $-10.54M | $-8.46M |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $-28.27M | $-24.09M | $-14.58M | $-8.08M | $-21.41M | $-13.32M | $-10.77M | $-16.81M | $-8.30M | $-11.02M | $-10.67M | $-16.06M | $-9.06M | $-6.53M | $-14.07M | $-11.72M | $-11.86M | $-8.15M | $-10.54M | $-8.46M |
| Debt Repayment | $-10.21M | $-11.69M | $-2.94M | $-230.00K | $-3.06M | $-2.73M | $14.94M | $-354.00K | $-3.96M | $40.08M | $39.70M | $-1.94M | $-563.00K | $-469.00K | $-618.00K | $-77.33M | $-537.00K | $-195.00K | $-8.99M | $249.40M |
| Common Stock Issued | $1.00K | $1.00K | $4.00K | $- | $258.00K | $6.19M | $- | $8.74M | $-6.31M | $6.31M | $- | $8.88M | $76.42M | $7.15M | $- | $9.34M | $63.61M | $38.98M | $4.00K | $7.39M |
| Common Stock Repurchased | $- | $- | $- | $-202.00K | $-248.00K | $- | $-568.00K | $- | $-368.00K | $- | $-1.86M | $- | $-2.45M | $- | $-1.46M | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-2.71M | $-261.00K | $-1.40M | $-2.79M | $-248.00K | $-549.00K | $-5.63M | $-3.58M | $-368.00K | $-962.00K | $-4.87M | $-524.00K | $-4.25M | $-2.87M | $-27.46M | $-4.48M | $-5.76M | $-2.39M | $-5.58M | $-1.77M |
| Net Cash Used Provided by Financing Activities | $-12.91M | $-11.95M | $-4.33M | $-3.02M | $-3.31M | $2.91M | $9.31M | $4.81M | $-4.33M | $45.43M | $34.83M | $6.41M | $-4.82M | $3.81M | $-28.07M | $-72.47M | $57.31M | $36.39M | $-14.56M | $255.02M |
| Effect of Forex Changes on Cash | $-216.00K | $-8.60M | $2.36M | $5.38M | $-7.70M | $78.00K | $-2.93M | $-5.70M | $-7.62M | $795.00K | $-591.00K | $-4.63M | $-1.37M | $-944.00K | $4.52M | $-278.00K | $1.93M | $-230.00K | $2.40M | $-4.37M |
| Net Change in Cash | $30.65M | $574.00K | $-76.33M | $18.31M | $47.37M | $-39.80M | $-2.98M | $-19.47M | $-20.81M | $54.99M | $-46.47M | $1.51M | $-13.88M | $-16.83M | $-16.32M | $-65.84M | $99.60M | $-8.41M | $-59.27M | $150.67M |
| Cash at End of Period | $146.23M | $115.58M | $115.00M | $191.33M | $173.02M | $125.65M | $166.76M | $169.73M | $189.20M | $206.99M | $152.00M | $204.03M | $202.52M | $216.40M | $233.23M | $249.54M | $315.38M | $215.78M | $224.20M | $283.47M |
| Cash at Beginning of Period | $115.58M | $115.00M | $191.33M | $173.02M | $125.65M | $165.46M | $169.73M | $189.20M | $210.02M | $152.00M | $198.47M | $202.52M | $216.40M | $233.23M | $249.54M | $315.38M | $215.78M | $224.20M | $283.47M | $132.80M |
| Operating Cash Flow | $72.05M | $44.56M | $-59.95M | $24.03M | $79.65M | $-29.79M | $1.42M | $-1.77M | $-564.00K | $19.64M | $-72.42M | $15.79M | $1.37M | $-13.18M | $21.30M | $18.63M | $52.22M | $-36.43M | $-36.57M | $-91.52M |
| Capital Expenditure | $-28.27M | $-24.09M | $-14.58M | $-8.08M | $-21.41M | $-13.32M | $-10.77M | $-16.81M | $-8.30M | $-11.02M | $-10.67M | $-16.06M | $-9.06M | $-6.53M | $-14.07M | $-11.72M | $-11.86M | $-8.15M | $-10.54M | $-8.46M |
| Free Cash Flow | $43.78M | $20.47M | $-74.54M | $15.95M | $58.24M | $-43.11M | $-9.35M | $-18.58M | $-8.87M | $8.61M | $-83.09M | $-271.00K | $-7.70M | $-19.70M | $7.24M | $6.91M | $40.35M | $-44.57M | $-47.11M | $-99.98M |
Infinera Dividends
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Infinera News
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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 Q4'24 Record revenue with webscalers - total revenue exposure (direct and indirect) greater than 50% of FY'24 revenue Significant 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 CSPs Launched ICE-D to address the projected multi-billion dollar intra-data center opportunity driven by AI workloads Secured CHIPS & Science Act funding with the potential for greater than $200 million in total federal incentives, in addition to potential state and local incentives Announced a definitive agreement to be acquired by Nokia (acquisition anticipated to be completed on or about February 28, 2025) SAN JOSE, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) has released financial results for its fourth quarter and fiscal year ended December 28, 2024.
Exclusive: EU set to clear Nokia's $2.3 bln Infinera deal without conditions, sources say
EU antitrust regulators are set to clear without conditions Nokia's $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera , people with direct knowledge of the matter said on Friday.
Undercovered Dozen: Nokia, Juniper Networks, Hanesbrands, Infinera +
The 'Undercovered' Dozen series highlights 12 lesser-covered stocks, offering investment ideas and sparking discussion among investors. Hanesbrands, BAE Systems, Westaim Corporation, Sun Communities, Nokia, Juniper Networks, and NN, Inc. are recommended as buys, each with unique catalysts and turnaround stories. Fairfax Financial is seen as undervalued with high-growth potential, while Avino Silver & Gold Mines and BrightSpire Capital are rated hold due to uncertainties.
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 Telecom (C3ntro), Mexico's leading provider in AI-enabled fiber networks and data center connectivity solutions in Mexico and the U.S., successfully deployed Infinera's GX Series-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 redundant transmission. The upgraded network will offer new and enhanced data center services in key markets in Mexico to meet the increasing demands of its customers.
Nokia named a 2025 top pick at Northland
Northland analyst Tim Savageaux "once again" makes Nokia (NOK) a top pick in the firm's Communications Tech universe for 2025 after "a respectable 30%+ return in CY24," the analyst tells investors. Cloud providers accounted for over 40% of Infinera (INFN) revenue in Q3, which was a greater share than Ciena's (CIEN), notes the analyst, who sees Nokia's post deal $3.5B Optical unit valued at over $10B on a comparable basis. The firm. which sees the potential for "a significant positive rerating of the shares" in 2025, maintains an Outperform rating and $6.50 price target on Nokia. Nokia +0.07 (+1.54%) Infinera +0.035 (+0.53%) Ciena -2.64 (-3.12%)
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 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
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.
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 ICE7 optical engine.
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 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's Commitment to Emission Reduction Validated by Science Based Targets initiative
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 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 meeting of Infinera stockholders to be held in connection with the Transaction. No elections will be permitted after the Election Deadline.
Nokia Corporation: Repurchase of own shares on 16.08.2024 – Repurchases temporarily paused due to offer to Infinera shareholders
Nokia CorporationStock Exchange Release16 August 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 16.08.2024 – Repurchases temporarily paused due to offer to Infinera shareholders Espoo, Finland – On 16 August 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 1,700,000 3.70 CEUX 688,391 3.70 BATE - - AQEU - - TQEX - - Total 2,388,391 3.70 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program started on 20 March 2024.
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates INFN, DM on Behalf of Shareholders
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
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 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 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.
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. 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.
INFN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Infinera Corporation Is Fair to Shareholders
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.
Nokia: Infinera Deal Isn't A Catalyst
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.
Correction: Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap
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.
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