MKM Partners resumed coverage on Infinera with a new price target
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MKM Partners resumed coverage of Infinera with a rating of Buy and set a new price target of $9.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/5/2024 | $8.00 → $6.65 | Buy → Neutral | Rosenblatt |
| 4/22/2024 | $10.00 | Buy | Needham |
| 9/28/2023 | $7.00 | Buy | Stifel |
| 8/11/2023 | Underperform → Hold | Jefferies | |
| 8/4/2022 | $9.00 | Buy | MKM Partners |
| 3/24/2022 | $12.00 | Buy | Rosenblatt |
| 2/14/2022 | $9.00 | Hold | Loop Capital |
| 1/24/2022 | $10.00 → $11.50 | Neutral → Buy | B. Riley Securities |
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 Q4'24Record revenue with webscalers - total revenue exposure (direct and indirect) greater than 50% of FY'24 revenueSignificant 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 CSPsLaunched ICE-D to address the projected multi-billion dollar intra-data center opportunity driven by AI workloadsSecured CHIPS & Science Act funding with the potential for greater than $200 million in total federal ince
DENVER and SAN JOSE, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Zayo and Infinera (NASDAQ:INFN) announced today the successful completion of a live network trial using Infinera's ICE7, a seventh-generation embedded optical engine, to deliver 1 Tb/s single 150GHz wavelength transmission over 1,391 kilometers (km) on a major North American route between Sacramento, CA and Salt Lake City. This achievement will enable Zayo to deliver a record-setting 32 terabits of C-Band capacity across this link, with the ability to double bandwidth to 64 terabits with L-Band. Powered by Infinera's innovative ICE7 optical engine, this trial signals a major industry milestone, demonstrating the power and abili
SAN JOSE, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) ("Infinera") today announced that its pending acquisition (the "Transaction") by Nokia Corporation ("Nokia") is anticipated to be completed on or about February 28, 2025, which date remains subject to receipt of remaining outstanding regulatory approvals and the satisfaction of other remaining customary closing conditions. Based on the anticipated February 28, 2025 completion date, Infinera today also announced that the deadline to revoke a previously made election with respect to the form of merger consideration to be received in the Transaction is 5:00 p.m., New York City time, on February 21, 2025 (t
4 - Infinera Corp (0001138639) (Issuer)
4 - Infinera Corp (0001138639) (Issuer)
4 - Infinera Corp (0001138639) (Issuer)
Rosenblatt downgraded Infinera from Buy to Neutral and set a new price target of $6.65 from $8.00 previously
Needham resumed coverage of Infinera with a rating of Buy and set a new price target of $10.00
Stifel initiated coverage of Infinera with a rating of Buy and set a new price target of $7.00
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SCHEDULE 13G/A - Infinera Corp (0001138639) (Subject)
15-12G - Infinera Corp (0001138639) (Filer)
SCHEDULE 13G/A - Infinera Corp (0001138639) (Subject)
Nokia CorporationInside Information 27 June 2024 at 23:50 EEST Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap Creates a highly scaled and truly global optical business with increased in-house technology capabilities and vertical integration.Strengthens Nokia's optical position, specifically in North America.Accelerates Nokia's customer diversification strategy, expanding webscale presence.Targeted net comparable operating profit synergies of EUR 200 million by 2027*.Expected to be accretive to Nokia's comparable operating profit and EPS in year 1 and to deliver over 10% comparable EPS accretion in 2027*.Offer split a
SAN JOSE, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) today released preliminary financial results for its first quarter ended March 30, 2024. Although presented with numerical specificity, all amounts in this press release are preliminary and based on management's current expectations as of the date of this press release. These results are subject to all aspects of the final quarterly review process and may change as a result of new information that arises, or new determinations that are made, in this process. GAAP revenue for the quarter was $306.9 million compared to $453.5 million in the fourth quarter of 2023 and $392.1 million in the first quarter of
SAN JOSE, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) announced today that it will release its preliminary financial results for the first quarter of fiscal 2024 ended March 30, 2024, after the market closes on May 14, 2024. An investment community conference call to discuss these results and Infinera's outlook for the second quarter of fiscal 2024 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: Preliminary First Quarter Financial Results Conference Call and Webcast Date: Tuesday, May 14, 2024Time: 5:00 p.m. ET/2:00 p.m. PT Conference call participants: register at https:/
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 Q4'24Record revenue with webscalers - total revenue exposure (direct and indirect) greater than 50% of FY'24 revenueSignificant 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 CSPsLaunched ICE-D to address the projected multi-billion dollar intra-data center opportunity driven by AI workloadsSecured CHIPS & Science Act funding with the potential for greater than $200 million in total federal ince
SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ:INFN) announced today that Regan MacPherson has been named Chief Legal Officer and Corporate Secretary, effective May 18. Ms. MacPherson will report to Infinera Chief Executive Officer David Heard and will oversee the company's global legal strategy and corporate governance matters and policies. Ms. MacPherson succeeds David Teichmann, whose distinguished tenure with the company includes trusted and empathetic leadership during a period marked by challenging macro dynamics. Mr. Teichmann will remain with the company in an advisory role to ensure a smooth transition. "We are excited to welcome Regan to the Infinera tea
SAN JOSE, Calif., July 03, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ:INFN) announced today that Scotty Benda has joined Infinera as Senior Vice President of Worldwide Systems Engineering. In this role, Scotty will provide strategic leadership and direction for technical sales systems engineering within the global sales organization, further strengthening Infinera's industry-leading team of optical networking experts, advisors, and innovators. "With a focus on delivering unparalleled value to our customers with industry-leading open optical platforms and intelligent pluggable solutions, Scotty brings deep technical expertise, proven leadership, and a customer-centric approach aligned with