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Infinera Corporation (INFN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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9.77-0.18 (-1.81%)
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Momentum

Previous Close9.95
Open9.82
Bid9.55 x 4000
Ask9.83 x 4000
Day's Range9.57 - 9.92
52 Week Range5.58 - 11.51
Volume2,971,352
Avg. Volume1,848,982
Market Cap2.003B
Beta (5Y Monthly)1.19
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • PEACE Cable and PCCW Global to leverage Infinera’s ICE6 for high-performance PEACE submarine cable system
    GlobeNewswire

    PEACE Cable and PCCW Global to leverage Infinera’s ICE6 for high-performance PEACE submarine cable system

    SAN JOSE, Calif., June 08, 2021 (GLOBE NEWSWIRE) -- PEACE Cable International Network Co., Limited, an international submarine cable system company which is devoted to interconnected global communications, and PCCW Global, a leading international telecommunications service provider, today announce that they will deploy the Infinera (NASDAQ: INFN) ICE6 optical engine solution on the Mediterranean Segment of the Pakistan & East Africa Connecting Europe (PEACE) submarine cable system. The best-in-c

  • UFINET Selects Infinera’s ICE6 800G Technology for Colombia Network
    GlobeNewswire

    UFINET Selects Infinera’s ICE6 800G Technology for Colombia Network

    SAN JOSE, Calif., June 01, 2021 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that UFINET, a neutral infrastructure wholesale operator in Latin America, selected Infinera’s industry-leading ICE6 800G coherent technology for its new national long-haul network in Colombia. This deployment will double the capacity of UFINET’s current network, enabling it to meet the growing bandwidth needs of its customers and provide connectivity in regions currently unconnected. Deploying Infinera’s ICE6-powered Compact Modular Platform on UFINET’s network will enable the company to cost-effectively and seamlessly increase the number of connectivity services it can provide to its customers. UFINET is a neutral infrastructure operator serving the wholesale telecommunications market, providing capacity services and connectivity with a 75,000+ km optical fiber network connecting 17 countries in Latin America. With Infinera’s ICE6 800G solution, UFINET will be able to offer new high-bandwidth connectivity with industry-leading optical performance throughout Colombia. UFINET plans to deploy Infinera’s 800G solution across its terrestrial network to deliver maximum capacity at the longest reach and offer enhanced service flexibility while reducing operating costs. “UFINET aims to promote the development of next-gen, high-bandwidth internet, voice, and video services in regions across Latin America that need it the most,” said Juan Carlos Naranjo, Chief Technology Officer at UFINET. “New, innovative technology like Infinera’s ICE6 will be at the heart of these developments, offering a solution that will help us deliver cost-effective high-capacity bandwidth to meet the growing needs of our service provider customers, helping them to deliver much-needed broadband access to households throughout Colombia.” “UFINET’s deployment of fifth-generation coherent technology will provide them with higher capacity and enhanced spectrum utilization over routes across the country,” said Nick Walden, Senior Vice President, Worldwide Sales, Infinera. “Deploying Infinera’s ICE6 solution will enable UFINET to deliver these benefits to their customers, providing service providers in the region with access to cost-effective, high-performance, and high-capacity services.” Contacts: Infinera Media:Anna VueTel. +1 (916) 595-8157avue@infinera.com Infinera Investors:Amitabh PassiTel. +1 (669) 295-1489apassi@infinera.com About UFINETUFINET is the neutral infrastructure wholesale operator of reference in Latin America, with more than 75,000 km of optical fiber deployed in Mexico, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, Colombia, Ecuador, Peru, Brazil, Paraguay, Argentina and Chile. We have major metropolitan network coverage in the most important cities in Latin America: 2,000+ populations connected, 45,000+ on-net and 95,000+ near-net buildings, 5,000+ on-net towers, 1,000+ towers/poles leased for MNOs’ base stations, and more than 200,000 homes passed with neutral FTTH, all of them through end-to-end optical fiber. To learn more about UFINET, visit www.ufinet.com and follow us on LinkedIn. About InfineraInfinera is a global supplier of innovative open optical networking solutions that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera solutions deliver industry-leading economics and performance in long-haul, submarine, data center interconnect, and metro transport applications. To learn more about Infinera, visit www.infinera.com, follow us on Twitter and LinkedIn, and subscribe for updates. Infinera and the Infinera logo are registered trademarks of Infinera Corporation. This press release contains forward-looking statements, including but not limited to the potential benefits of deploying Infinera’s ICE6 800G solution. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Actual results may vary materially from these expectations as a result of various risks and uncertainties. Information about these risks and uncertainties, and other risks and uncertainties that affect Infinera’s business, is contained in the risk factors section and other sections of Infinera’s Quarterly Report on Form 10-Q for the Fiscal Quarter ended March 27, 2021 as filed with the SEC on May 4, 2021, as well as any subsequent reports filed with or furnished to the SEC. These reports are available on Infinera’s website at www.infinera.com and the SEC’s website at www.sec.gov. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies and can be identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or similar words. Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements.

  • HOTnet Deploys Infinera’s Open Optical Networking Solutions to Power Long-haul Transport Network
    GlobeNewswire

    HOTnet Deploys Infinera’s Open Optical Networking Solutions to Power Long-haul Transport Network

    SAN JOSE, Calif., May 24, 2021 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and Hokkaido Telecommunications Network Co., Ltd. (HOTnet) announced today the deployment of Infinera’s open optical networking solutions to enhance the performance of HOTnet’s high-speed fiber optic network. Leveraging open optical networking principles, HOTnet was able to deploy a broad range of Infinera’s state-of-the-art solution suite over its existing optical infrastructure. This approach enables HOTnet to rapidly and cost effectively modernize its network to meet rapidly growing bandwidth demand and offer differentiated services. HOTnet’s optical long-haul and metro networks interconnect major cities across Hokkaido, a major island in Japan, and supports a wide range of business and residential communications services, including data center interconnect, private cloud, video streaming, broadband internet access, and high-definition digital broadcast services. With Infinera’s GX Series Compact Modular Platform, 7100 Series Packet-Optical Transport Platform, and mTera Series Universal Transport Platform solutions, HOTnet will be able to provide customers with critical bandwidth needed to meet growing data demands. Additionally, the highly compact, scalable, converged switching and transport system design of the 7100 and mTera solutions enables HOTnet to increase network reliability with restoration features by leveraging any other available routes in the event of multiple failures and cost-effectively aggregate and groom diverse end-user traffic types from metro sites across its long-haul optical backbone, resulting in significant cost savings. “Increasing the capacity and scalability of our fiber optic infrastructure is essential to contributing to the economic development of the Hokkaido region, providing residents with access to high-quality network connectivity,” said Tomohiro Nakata, Director and General Manager of Engineering Department at HOTnet. “The deployment of Infinera’s open optical solutions over our existing network with other vendors allowed us to capitalize on the benefits of an open optical network infrastructure, enabling us to cost-effectively scale capacity as needed in real time to meet customer demands. In addition, cross connect switching on the ODU layer within mTera enables us to provide several applications that require low latency.” “Open optical networking is a great way for network operators to seamlessly integrate the latest solutions into their network,” said Nick Walden, Senior Vice President, Worldwide Sales, Infinera. “Infinera’s open optical solutions will enable HOTnet to offer new and differentiated services over their existing optical infrastructure, helping to ensure their customers receive the highest level of service.” Infinera Contacts: Media: Anna VueTel. +1 (916) 595-8157avue@infinera.com Infinera Investors:Amitabh PassiTel. +1 (669) 295-1489apassi@infinera.com About InfineraInfinera is a global supplier of innovative open optical networking solutions that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera solutions deliver industry-leading economics and performance in long-haul, submarine, data center interconnect, and metro transport applications. To learn more about Infinera, visit www.infinera.com, follow us on Twitter @Infinera, LinkedIn and read our latest blog posts at www.infinera.com/blog. Infinera and the Infinera logo are registered trademarks of Infinera Corporation. This press release contains forward-looking statements, including but not limited to the benefits of deploying Infinera’s open optical solutions, Infinera’s GX Series Compact Modular Platform, the 7100 Series Packet-Optical Transport Platform, and the mTera Series Universal Transport Platform solutions. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Actual results may vary materially from these expectations as a result of various risks and uncertainties. Information about these risks and uncertainties, and other risks and uncertainties that affect Infinera’s business, is contained in the risk factors section and other sections of Infinera’s Quarterly Report on Form 10-Q for the Fiscal Quarter ended March 27, 2021 as filed with the SEC on May 4, 2021, as well as any subsequent reports filed with or furnished to the SEC. These reports are available on Infinera’s website at www.infinera.com and the SEC’s website at www.sec.gov. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies and can be identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or similar words. Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements.