INFN Stock Recent News

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.

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.

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.

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 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.

Infinera (INFN) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to break-even earnings per share a year ago.

SAN JOSE, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its second quarter ended June 29, 2024.

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.

By integrating Infinera's (INFN) ICE-X coherent pluggables, APRESIA can offer innovative and cost-effective solutions to meet the growing demands for network capacity at the edge.