Infinera Corporation (INFN) News
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INFN News Highlights
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Latest INFN News From Around the Web
Below are the latest news stories about INFINERA CORP that investors may wish to consider to help them evaluate INFN as an investment opportunity.
Infinera Awarded Gold Medal by EcoVadis in Recognition of Sustainability ExcellenceSAN JOSE, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it has been awarded a Gold Medal by EcoVadis, a trusted provider of business sustainability ratings globally, in recognition of Infinera’s progress toward its environmental, social, and governance (ESG) goals. Infinera achieved an overall score of 79 across evaluation criteria including Environment, Labor & Human Rights, Ethics, and Sustainable Procurement, ranking in the 98th percentile and top five |
High Growth Tech Stocks To Watch In December 2024Over the last 7 days, the United States market has dropped 3.5%, yet it remains up by 22% over the past year with earnings forecasted to grow by 15% annually. In this context, identifying high growth tech stocks involves looking for companies that demonstrate strong innovation and adaptability to capitalize on these positive earnings forecasts despite recent market volatility. |
3 US Stocks Estimated To Be Trading Up To 32.9% Below Intrinsic ValueAs the U.S. stock market faces turbulence with major indices like the Dow and S&P 500 experiencing significant declines, investors are keenly observing opportunities that might arise from current valuations. In such a volatile environment, identifying stocks that trade below their intrinsic value can present potential investment opportunities, as these may offer room for appreciation when market conditions stabilize. |
Infinera (INFN) Reports Break-Even Earnings for Q3Infinera (INFN) delivered earnings and revenue surprises of -100% and 11.83%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock? |
Infinera: Q3 Earnings SnapshotSAN JOSE, Calif. AP) — Infinera Corp. INFN) on Tuesday reported a loss of $14.3 million in its third quarter. |
Infinera Corporation Reports Third Quarter 2024 Financial ResultsSAN JOSE, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its third quarter ended September 28, 2024. GAAP revenue for the quarter was $354.4 million compared to $342.7 million in the second quarter of 2024 and $392.4 million in the third quarter of 2023. GAAP gross margin for the quarter was 39.8% compared to 39.6% in the second quarter of 2024 and 40.3% in the third quarter of 2023. GAAP operating margin for the quarter was (3. |
Infinera Secures up to $93 Million in CHIPS Act Funding to Boost U.S. Semiconductor ManufacturingFunds will boost semiconductor manufacturing in Pennsylvania and California |
Infinera secures $93M CHIPS fundingThe money will be used to expand semiconductor production of photonic integrated circuits with new facilities in California and Pennsylvania. |
Infinera Signs Non-Binding Preliminary Memorandum of Terms to Receive Up to $93 Million in CHIPS Act FundingProposed 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 AISAN JOSE, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) and the U.S. Department of Commerce have signed a non-binding preliminary memorandum of terms for Infinera to receive up to $93 million in direct funding as part of the bipartisan CHIPS and Science Act. |
Converge Selects Infinera’s 1.2T ICE7SAN 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-gen |