| Will the Acquisition of Infinera Propel Nokia's Share Performance? |
NOK completes Infinera acquisition to expand portfolio and boost commercial prospects in the optical network business. |
zacks.com |
2025-03-03 14:46:35 |
Czytaj oryginał (ang.) |
| Infinera (INFN) Misses Q4 Earnings Estimates |
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. |
zacks.com |
2025-02-27 23:55:18 |
Czytaj oryginał (ang.) |
| 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. |
globenewswire.com |
2025-02-27 21:30:00 |
Czytaj oryginał (ang.) |
| EU approves $2.3 billion takeover of Infinera by Nokia |
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. |
reuters.com |
2025-02-26 12:12:32 |
Czytaj oryginał (ang.) |
| 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. |
reuters.com |
2025-02-14 13:45:33 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2025-02-01 10:30:00 |
Czytaj oryginał (ang.) |
| 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. |
globenewswire.com |
2025-01-21 10:00:00 |
Czytaj oryginał (ang.) |
| 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%) |
https://thefly.com |
2025-01-08 10:49:39 |
Czytaj oryginał (ang.) |
| Infinera (INFN) Reports Break-Even Earnings for Q3 |
Infinera (INFN) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.06. This compares to earnings of $0.09 per share a year ago. |
zacks.com |
2024-11-05 20:30:15 |
Czytaj oryginał (ang.) |
| Infinera Corporation Reports Third Quarter 2024 Financial Results |
SAN JOSE, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its third quarter ended September 28, 2024. |
globenewswire.com |
2024-11-05 18:03:00 |
Czytaj oryginał (ang.) |
| 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 |
globenewswire.com |
2024-10-17 09:05:00 |
Czytaj oryginał (ang.) |
| 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. |
benzinga.com |
2024-10-16 19:38:39 |
Czytaj oryginał (ang.) |
| Don't Sleep on Nokia: Quietly Accelerating Into Infinera Merger |
Nokia Oyj NYSE: NOK 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 NASDAQ: ERIC. |
marketbeat.com |
2024-10-15 12:00:04 |
Czytaj oryginał (ang.) |
| 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. |
globenewswire.com |
2024-10-08 12:00:00 |
Czytaj oryginał (ang.) |
| 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. |
globenewswire.com |
2024-10-07 12:00:00 |
Czytaj oryginał (ang.) |
| 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. |
globenewswire.com |
2024-09-30 12:00:00 |
Czytaj oryginał (ang.) |
| 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. |
globenewswire.com |
2024-09-25 21:30:00 |
Czytaj oryginał (ang.) |
| 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. |
globenewswire.com |
2024-08-16 19:30:00 |
Czytaj oryginał (ang.) |
| Infinera (INFN) Reports Q2 Loss, Tops Revenue Estimates |
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. |
zacks.com |
2024-08-02 22:15:49 |
Czytaj oryginał (ang.) |
| Infinera Corporation Reports Second Quarter 2024 Financial Results |
SAN JOSE, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its second quarter ended June 29, 2024. |
globenewswire.com |
2024-08-02 20:03:00 |
Czytaj oryginał (ang.) |
| 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. |
accesswire.com |
2024-07-03 21:00:00 |
Czytaj oryginał (ang.) |
| 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. |
prnewswire.com |
2024-07-03 19:54:00 |
Czytaj oryginał (ang.) |
| 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. |
businesswire.com |
2024-07-02 21:11:00 |
Czytaj oryginał (ang.) |
| Infinera (INFN) to Enhance APRESIA's Access Network Portfolio |
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. |
zacks.com |
2024-07-02 14:50:35 |
Czytaj oryginał (ang.) |
| 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. |
globenewswire.com |
2024-07-01 12:00:00 |
Czytaj oryginał (ang.) |
| 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. |
businesswire.com |
2024-06-29 00:31:00 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2024-06-28 20:09:24 |
Czytaj oryginał (ang.) |
| 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. |
globenewswire.com |
2024-06-28 19:00:00 |
Czytaj oryginał (ang.) |