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Infinera Corporation Announces Notification of Delinquency with Nasdaq

Retrieved on:

Friday, March 15, 2024

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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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Tuesday, March 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.
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Attention Infinera Corporation Limited Investors: Company Investigated by the Portnoy Law Firm

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Monday, March 11, 2024

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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

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Wednesday, March 6, 2024

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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

Retrieved on:

Friday, March 8, 2024

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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?

Infinera Corporation to Announce Preliminary Unaudited Fourth Quarter Fiscal 2023 Financial Results and Outlook for the First Quarter of Fiscal 2024 on March 6, 2024

Retrieved on:

Thursday, February 15, 2024

SAN, Security (finance), INFN, Annual report

SAN JOSE, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) ("Infinera” or the “Company”) announced today that it intends to file its Quarterly Report on Form 10-Q for the third quarter of 2023 on or before February 29, 2024.

Key Points:

SAN JOSE, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) ("Infinera” or the “Company”) announced today that it intends to file its Quarterly Report on Form 10-Q for the third quarter of 2023 on or before February 29, 2024.
The Company will also release its preliminary, unaudited financial results for the fourth quarter of fiscal 2023 and provide the Company’s outlook for the first quarter of fiscal 2024 after the market closes on March 6, 2024.
An investment community conference call to discuss these items will be held the same day at 5:00 p.m. ET/2:00 p.m. PT.
As previously stated in the Company’s press release issued on January 10, 2024, the Company continues to believe that its preliminary revenue and preliminary net income per diluted share for the fourth quarter of fiscal 2023 will be within or exceed the outlook ranges provided on November 8, 2023, supported by strong bookings in the quarter.

Infinera Expects Preliminary Fourth Quarter 2023 Revenue and Net Income per Diluted Share to be Within or Exceed the Outlook Ranges Provided on November 8, 2023 and Submits Plan of Listing Compliance to Nasdaq

Retrieved on:

Thursday, January 11, 2024

SAN, Security (finance), Infinera, INFN, Pharmaceutical industry

SAN JOSE, Calif., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) (the “Company” or “Infinera”) today reaffirmed certain preliminary unaudited financial result ranges for the third quarter and outlook ranges for the fourth quarter of 2023.

Key Points:

SAN JOSE, Calif., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) (the “Company” or “Infinera”) today reaffirmed certain preliminary unaudited financial result ranges for the third quarter and outlook ranges for the fourth quarter of 2023.
Due to the preliminary nature of the announcement, and since the Company is still finalizing its financials, only select financial metrics are being referenced at this time.
Its preliminary revenue and preliminary net income per diluted share for the third quarter of 2023 will be within or exceed the ranges provided on November 8, 2023.
Its preliminary revenue and preliminary net income per diluted share for the fourth quarter of 2023 will be within or exceed the outlook ranges provided on November 8, 2023, supported by strong bookings in the quarter.

International science organizations sign agreement to provide hardware for the Deep Underground Neutrino Experiment

Retrieved on:

Wednesday, December 6, 2023

Batavia, Illinois, Dec. 06, 2023 (GLOBE NEWSWIRE) -- The Deep Underground Neutrino Experiment — also known as DUNE — is an international mega science experiment that will use enormous particle detectors to study the behavior of neutrinos, which might indicate why we live in a matter-dominated universe.

Key Points:

Batavia, Illinois, Dec. 06, 2023 (GLOBE NEWSWIRE) -- The Deep Underground Neutrino Experiment — also known as DUNE — is an international mega science experiment that will use enormous particle detectors to study the behavior of neutrinos, which might indicate why we live in a matter-dominated universe.
“DUNE will help answer some of the biggest questions in the universe and has the potential to transform the field of neutrino physics.
Notably, CERN’s commitment to LBNF and DUNE represents its first investment in infrastructure for a physics experiment outside of Europe.
To pursue these science goals, DUNE will study neutrino oscillation, a phenomenon in which a neutrino’s property, called flavor, changes as it travels.

Infinera to Participate in the Raymond James TMT and Consumer Conference

Retrieved on:

Friday, December 1, 2023

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SAN JOSE, Calif., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it will participate in the following webcasted investor conference:

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SAN JOSE, Calif., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it will participate in the following webcasted investor conference:

Infinera Corporation Announces Notification of Delinquency with Nasdaq

Retrieved on:

Thursday, November 16, 2023

Listing Rules, INFN, SAN, Security (finance), Notice, Form 10-Q, Form, Late, Plan, Failure, Letter, Infinera, Cryptocurrency, Audit

SAN JOSE, Calif., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it received a delinquency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on November 10, 2023 (the “Notice”).

Key Points:

SAN JOSE, Calif., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it received a delinquency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on November 10, 2023 (the “Notice”).
The Notice indicated that Infinera was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (the “Form 10-Q”), as described more fully in Infinera’s Form 12b-25 Notification of Late Filing filed with the Securities and Exchange Commission (the “SEC”) on November 8, 2023.
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 January 9, 2024 addressing how it intends to regain compliance with Nasdaq’s listing rules.