INFN Stock Recent News

NOK completes Infinera acquisition to expand portfolio and boost commercial prospects in the optical network business.

Infinera (INFN) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.12 per share a year ago.

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 q

The EU Commission on Wednesday said it had unconditionally approved the $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera by Nokia.

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.

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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.

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%)

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

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.