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Infinera Corporation (INFN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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6.68+0.03 (+0.45%)
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Neutralpattern detected
Previous Close6.65
Open6.70
Bid0.00 x 3000
Ask0.00 x 1400
Day's Range6.55 - 6.74
52 Week Range3.68 - 9.25
Volume1,334,941
Avg. Volume2,630,303
Market Cap1.252B
Beta (5Y Monthly)1.03
PE Ratio (TTM)N/A
EPS (TTM)-1.72
Earnings DateNov 05, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est9.19
  • Infinera, Telecom Infra Project, and Telefónica Collaborate to Expand DCSG DRX Series Deployments to Peru
    GlobeNewswire

    Infinera, Telecom Infra Project, and Telefónica Collaborate to Expand DCSG DRX Series Deployments to Peru

    Infinera, TIP, and Telefónica Collaborate to Expand DCSG Deployments Disaggregated Cell Site Gateways (DCSG)SUNNYVALE, Calif., Oct. 22, 2020 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today a collaboration between Telecom Infra Project (TIP) and Telefónica Peru to commercially deploy a TIP-developed Disaggregated Cell Site Gateway (DCSG) solution using Infinera’s DRX-30 hardware and Converged Network Operating System (CNOS). The deployment is part of Telefónica’s Fusión Project, an initiative that aims to transform Telefónica’s global transport network by simplifying network operations while increasing capacity for customers. The deployment of TIP’s DCSG solution in Peru is intended to support 4G and 5G mobile connectivity and fixed services across Telefónica’s global footprint. Telefónica first announced its network modernization with a DCSG-compliant solution leveraging Infinera’s DRX Series in Germany last year. Telefónica Peru, as part of the Fusión network expansion and modernization, will deploy multiple DSCG elements starting with Infinera’s DRX-30 hardware solution, including configurations that support 300 gigabits per second (300G) and 600G through the platform’s unique stacking capability. These capabilities are enabled by Infinera’s CNOS software, which provides modular resiliency and pay-as-you-grow node expansion.“The DCSG solution deployed is comprised of open and disaggregated hardware and software from Infinera, enabling Telefónica to prepare its nationwide transport network for upcoming new services, which will help increase the agility in the introduction of new functionalities and drive operational efficiencies,” said Victor López, network architect at Telefónica and co-chair of the Open Optical Packet Transport group at TIP.“Infinera is excited to work alongside TIP to develop open, disaggregated solutions to support the delivery of high-capacity mobile transport solutions for the 5G era,” said Mikko Hannula, Vice President, Engineering & Product Management at Infinera. “The expansion of the DCSG network deployment with Telefónica Peru further validates the commercial viability of DCSG for large-scale commercial rollouts in diverse and competitive markets.”“We are excited to see such a wide industry adoption of DCSG tech in large-scale live deployments,” said Luis MartinGarcia, Network Technologies Manager at Facebook and co-chair of the DCSG group at TIP. “The collaboration between leading global service providers and technology suppliers in TIP’s open community has been critical to advancing carrier-class DCSG implementations that are beginning to deliver real-world value.”Contacts:Infinera Media: Anna Vue Tel. +1 (916) 595-8157 avue@infinera.comInfinera Investors: Amitabh Passi Head of Investor Relations apassi@infinera.comAbout Infinera Infinera is a global supplier of innovative networking solutions that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. The Infinera end-to-end packet optical portfolio delivers 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, 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 potential technical, operational and financial benefits provided when using Infinera products. 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 June 27, 2020 as filed with the SEC on August 6, 2020, 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. Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3f5b9911-8aa0-4b4c-b7eb-4f8536ebc299

  • Infinera to Announce Third Quarter 2020 Financial Results on November 5, 2020
    GlobeNewswire

    Infinera to Announce Third Quarter 2020 Financial Results on November 5, 2020

    SUNNYVALE, Calif. , Oct. 22, 2020 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its financial results for the third quarter of fiscal 2020 ended September 26, 2020 after the market closes on November 5, 2020. An investment community conference call to discuss these results and Infinera’s outlook for the fourth quarter of fiscal 2020 will be held the same day at 5:00 p.m. ET/2:00 p.m. PT and will be accessible live and on an archived basis as follows:Fiscal Third Quarter 2020 Financial Results Conference Call and Webcast Date: Thursday, November 5, 2020 Time: 5:00 p.m. ET/2:00 p.m. PT Audio Webcast: investors.infinera.com, under “Events” Live Dial-in: +1 (800) 771-7838 (Toll Free); +1 (212) 231-2920 (International) Conference ID: 21971373 Ask to join the Infinera call. Please join at least 10 minutes prior to the call to ensure you are admitted prior to management’s prepared remarks.Replay of the audio webcast will be available at investors.infinera.com approximately two hours after the end of the live call.Contacts:Media: Anna Vue Tel. +1 (916) 595-8157 avue@infinera.com  Investors: Amitabh Passi Head of Investor Relations, Infinera apassi@infinera.com Michael Bowen, ICR, Inc. Tel. +1 (203) 682-8299 Michael.Bowen@icrinc.com Marc P. Griffin, ICR, Inc. Tel. +1 (646)-277-1290 Marc.Griffin@icrinc.comAbout Infinera Infinera is a global supplier of innovative networking solutions that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. The Infinera end-to-end packet optical portfolio delivers 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, and read our latest blog posts at www.infinera.com/blog.Infinera and the Infinera logo are registered trademarks of Infinera Corporation.

  • Seaborn Deploys Infinera to Launch AMX-1 Submarine Network Services Connecting US and Brazil
    GlobeNewswire

    Seaborn Deploys Infinera to Launch AMX-1 Submarine Network Services Connecting US and Brazil

    Seaborn Announces the launch of AMX-1 from Rio de Janeiro to Jacksonville Seaborn launches new network services on the AMX-1 submarine network segment connecting the U.S. and BrazilSUNNYVALE, Calif. and BOSTON, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and Seaborn Networks (Seaborn), a leading developer-owner-operator of submarine fiber optic cable systems, announced today the launch of new submarine network services on Seaborn’s AMX-1 submarine network segment connecting the U.S. and Brazil. Powered by Infinera’s XT Series submarine network platforms, featuring Infinera’s Infinite Capacity Engine (ICE) technology, Seaborn’s new network boasts modernized architecture and industry-leading spectral efficiency, enabling the company to optically bypass cable landing stations and reduce network costs. The global economy relies heavily on uninterrupted data connectivity, which is fueled by increasing bandwidth demand and bandwidth-intensive applications such as cloud-based services. To address global bandwidth needs across the Americas, Seaborn operates two leading cable systems, Seabras-1 and AMX-1, both powered by Infinera solutions. Seaborn’s AMX-1 cable system provides transport, Ethernet private line, and IP services on a geographically diverse path from its Seabras-1 cable, connecting Rio de Janeiro and Jacksonville, Florida, to offer its customers high-capacity, low-latency connectivity services.“Our longstanding relationship with Infinera and this collaboration have enabled us to cost-efficiently address our customers’ growing capacity demands with reliable, low-latency solutions purpose-built for subsea transport,” said Paul Cannon, Vice President of Engineering & Operations at Seaborn. “Key factors in Seaborn’s selection of Infinera’s solutions are its history of consistently delivering industry-leading optical engines and the roadmap for its ICE6 800G generation technology.”“We’re pleased to partner with Seaborn to provide submarine network services enabling the company to operate a resilient, high-capacity network,” said Nick Walden, Senior Vice President, Sales at Infinera. “Infinera’s optical engines consistently demonstrate proven benefits in subsea applications, delivering superior spectral efficiency while significantly lowering network costs. With Infinera’s optical engine, Seaborn has the network capacity needed today and can seamlessly upgrade its network in the future to Infinera’s ICE6 800G generation coherent technology with ease as bandwidth demands dictate.”Contacts:Infinera Media: Anna Vue Tel. +1 (916) 595-8157 avue@infinera.com Seaborn Media: Naaz Bax, Head of Marketing media-relations@seabornnetworks.comInfinera Investors: Amitabh Passi Head of Investor Relations apassi@infinera.com About Seaborn Seaborn addresses global communications needs across the Americas delivering wavelength, Ethernet private line and IP services. Unique among independent cable operators, Seaborn fully operates and maintains its submarine and terrestrial cable infrastructure. POPs, terrestrial backhaul, landing stations and subsea cable are all under Seaborn’s control. The Seaborn management team has designed, built, and operated more subsea cable systems than any other telecom management team including over 75 landing stations, 250 global POPs, and 250,000 km of subsea fiber optic cable. Visit www.seabornnetworks.com for more information or follow us on LinkedIn.About Infinera Infinera is a global supplier of innovative networking solutions that enable carriers, cloud operators, governments and enterprises to scale network bandwidth, accelerate service innovation and automate network operations. The Infinera end-to-end packet-optical portfolio delivers industry-leading economics and performance in long-haul, subsea, data center interconnect and metro transport applications. To learn more about Infinera visit www.infinera.com, follow us on Twitter @Infinera 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 potential technical, operations and financial benefits provided when using Infinera products. 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 June 27, 2020 as filed with the SEC on August 6, 2020, 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. Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/205351bd-3987-4b60-9207-a90e1ae84b63