INFN

Infinera Corporation Announces Notification of Delinquency with Nasdaq

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Martedì, Maggio 21, 2024
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SAN JOSE, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it received an expected delinquency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on May 15, 2024 (the "Notice").

Key Points: 
  • SAN JOSE, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it received an expected delinquency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on May 15, 2024 (the "Notice").
  • The Listing Rule requires listed companies to timely file all required periodic financial reports with the SEC.
  • On May 14, 2024, Infinera announced its preliminary financial results for the quarter ended March 30, 2024.
  • On May 17, 2024, Infinera filed the Form 10-K with the SEC.

Infinera Corporation Reports Preliminary First Quarter 2024 Financial Results

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Martedì, Maggio 14, 2024
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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.

Key Points: 
  • 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.
  • GAAP gross margin for the quarter was 36.0% compared to 38.6% in the fourth quarter of 2023 and 37.5% in the first quarter of 2023.
  • GAAP operating margin for the quarter was (14.0)% compared to 2.5% in the fourth quarter of 2023 and (2.4)% in the first quarter of 2023.
  • Infinera will host a conference call for analysts and investors to discuss its preliminary results for the first quarter of 2024 and its outlook for the second quarter of 2024 today at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time).

Infinera Provides Update on the Expected Filing of its Fiscal 2023 Form 10-K

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Lunedì, Maggio 6, 2024
INFN, Annual report, SAN

SAN JOSE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it expects to file its fiscal year 2023 Annual Report on Form 10-K on or before May 13, 2024.

Key Points: 
  • SAN JOSE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it expects to file its fiscal year 2023 Annual Report on Form 10-K on or before May 13, 2024.
  • The company, along with its auditors, is continuing to make progress with the normal year-end close process.
  • The company also announced that it expects to release its financial results for the first quarter of fiscal 2024 and outlook for the second quarter of fiscal 2024, after the market closes on May 14, 2024.
  • Additional details on the investment community conference call to discuss these results will be made available at investors.infinera.com within the next week.

Universities Space Research Association Elects Three Universities to the Association

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Venerdì, Maggio 3, 2024
USRA, INAF, University, Nicolaus Copernicus, Earth science, Mechanical engineering, Research, Outline of physical science, Southwest Research Institute, Universities Space Research Association, University of Notre Dame, Astronomy, Engineering, Council, Asiago Astrophysical Observatory, Galileo Galilei, Faculty, Space research, INFN, Moses Austin, Nursing

Following their election by USRA's existing university members, these institutions were formally inducted into the Association on March 22, 2024, bolstering the Association's membership to 120 universities.

Key Points: 
  • Following their election by USRA's existing university members, these institutions were formally inducted into the Association on March 22, 2024, bolstering the Association's membership to 120 universities.
  • Joining Universities Space Research Association (USRA) means becoming an integral part of a dynamic international network comprising of 120 Ph.D.-granting universities deeply engaged in space science and aerospace research and development.
  • Each of these universities selected by USRA has a demonstrated capability in space research and exploration.
  • Dr. Jeffrey A. Isaacson, USRA's President and CEO, said, "We are very pleased to welcome these three universities to our Association.

Infinera Corporation Announces Notification of Delinquency with Nasdaq

Retrieved on: 
Venerdì, Marzo 15, 2024
Failure, Letter, Plan, Notice, Form, SAN, Security (finance), INFN, Annual report

SAN JOSE, Calif., March 15, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it received an expected delinquency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on March 15, 2024 (the "Notice").

Key Points: 
  • SAN JOSE, Calif., March 15, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it received an expected delinquency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on March 15, 2024 (the "Notice").
  • The Listing Rule requires listed companies to timely file all required periodic financial reports with the SEC.
  • Nasdaq has informed Infinera that it must submit a plan of compliance (the “Plan”) by May 14, 2024 addressing how it intends to regain compliance with Nasdaq’s listing rules.
  • As previously disclosed, Infinera was delayed in its year-end closing process due to the matters described in the Company’s 12b-25.

INFINERA ALERT: Bragar Eagel & Squire, P.C. is Investigating Infinera Corporation on Behalf of Infinera Stockholders and Encourages Investors to Contact the Firm

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Martedì, Marzo 12, 2024
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NEW YORK, March 11, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Infinera Corporation (“Infinera” or the “Company”) (NASDAQ: INFN) on behalf of Infinera stockholders.

Key Points: 
  • NEW YORK, March 11, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Infinera Corporation (“Infinera” or the “Company”) (NASDAQ: INFN) on behalf of Infinera stockholders.
  • Our investigation concerns whether Infinera has violated the federal securities laws and/or engaged in other unlawful business practices.
  • Click here to participate in the action.
  • There is no cost or obligation to you.

Attention Infinera Corporation Limited Investors: Company Investigated by the Portnoy Law Firm

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Lunedì, Marzo 11, 2024
INFN, Disclosure, Infinera

​LOS ANGELES, March 11, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Infinera Corporation (“Infinera” or the “Company”) (NASDAQ: INFN) investors that the law firm has initiated an investigation on behalf of investors that lost money on their Infinera stock. Infinera investors are encouraged to contact the firm to discuss their legal rights.

Key Points: 
  • ​LOS ANGELES, March 11, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Infinera Corporation (“Infinera” or the “Company”) (NASDAQ: INFN) investors that the law firm has initiated an investigation on behalf of investors that lost money on their Infinera stock.
  • Infinera investors are encouraged to contact the firm to discuss their legal rights.
  • The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
  • The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing.

Infinera Corporation Announces Preliminary Unaudited Fourth Quarter 2023 Financial Results

Retrieved on: 
Mercoledì, Marzo 6, 2024
SSP, SAN, Annual report, Interest, Form 10-K, EY, File, INFN, Documentation, GAAP, Ernst & Young, Infinera, System

SAN JOSE, Calif., March 06, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) ("Infinera" or the “Company”) today released preliminary financial results for its fourth quarter ended December 30, 2023.

Key Points: 
  • SAN JOSE, Calif., March 06, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) ("Infinera" or the “Company”) today released preliminary financial results for its fourth quarter ended December 30, 2023.
  • Preliminary revenue is expected to be $435 million to $452 million, compared to the Company’s prior outlook of $421 million to $451 million.
  • Infinera CEO David Heard said, “We ended 2023 on a high note with a strong fourth quarter during which the midpoints of our preliminary revenue, gross margin, and earnings per share ranges are all expected to come in above those of our prior outlook ranges.
  • Infinera will host a conference call for analysts and investors to discuss its preliminary results for the fourth quarter of 2023 and its preliminary outlook for the first quarter of 2024 today at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time).

Lost Money in Infinera? Gibbs Law Group Investigates Potential Securities Law Violations

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Venerdì, Marzo 8, 2024
Class Action Lawsuit, Professional Services, Legal, News, INFN, Eric Gibbs

Shares of Infinera Corporation dropped over 11% on March 7, 2024, after the company found “material weaknesses” in its financial reporting—following an independent audit.

Key Points: 
  • Shares of Infinera Corporation dropped over 11% on March 7, 2024, after the company found “material weaknesses” in its financial reporting—following an independent audit.
  • Gibbs Law Group is investigating a potential Infinera Securities Class Action Lawsuit on behalf of shareholders who lost money in Infinera Corporation (NASDAQ: INFN).
  • Our investigation concerns whether Infinera Corporation has violated federal securities laws by providing false or misleading statements to investors.
  • What is the Infinera Securities Lawsuit Investigation About?