Friday, October 25, 2013 10:02:22 AM
lightreading.com
Ray Le Maistre, Editor-in-Chief, Light Reading - 10/25/2013
It's been talked about for some time, but current chatter amongst the optical networking community suggests that Infinera is set to become the second 100G transport supplier at Verizon Communications, joining incumbent supplier Ciena.
Word has been circulating for a few weeks now that Infinera is "the chosen one" ahead of Alcatel-Lucent and the speculation has been stoked even further by Infinera management's reference during the company's third-quarter earnings conference call to anticipated "strategic" customer deals in North America.
MKM Partners analyst Mike Genovese noted in his report on Infinera's third-quarter results that there appears to have been "recent positive competitive changes at one or more major US strategic accounts where management seems to have increased confidence in their likelihood of winning significant deals."
Infinera says it doesn't comment on rumor or speculation. But for some in the industry, the vendor's name is all but on that deal.
If confirmed, that news would undoubtedly give the transport equipment specialist's stock price a boost. Unfortunately for Infinera, which has been touting its software-defined networking proposition to carriers in recent weeks, its share price was heading south following the publication of its third-quarter financials, dipping 9 percent Thursday to end the day at $10.40. (See Infinera Reports Q3 Profit and Infinera: SDN Can Master Optical Layer.)
The vendor's numbers looked strong: revenues up 27 percent compared with a year ago at $142 million and its earnings after one-time costs stood at 10 cents, much higher than expected. But its fourth-quarter guidance of revenues between $130 million and $140 million left investors dissatisfied, while the vendor's expectation for 2014 gross margins in the low 40 percent range failed to excite.
Even at $10.40, Infinera's stock is still at the high end of its 52-week range. And any confirmation of a deal with Verizon would certainly help the vendor's stock head north instead of south.
Recent INFN News
- Infinera to Showcase Advances in Optical Networking Solutions at OFC 2024 • GlobeNewswire Inc. • 03/20/2024 12:00:00 PM
- Infinera and Orange International Network Establish Long-term Partnership to Optimize Network Infrastructure Across Europe • GlobeNewswire Inc. • 03/18/2024 12:00:00 PM
- Infinera Corporation Announces Notification of Delinquency with Nasdaq • GlobeNewswire Inc. • 03/15/2024 08:30:00 PM
- Infinera Announces New Line of High-performance 1.6 Tb/s Optics to Reduce Power per Bit by up to 75% for AI-driven Intra-Data Center Connectivity Applications • GlobeNewswire Inc. • 03/14/2024 08:30:00 PM
- Australia’s NBN Selects Infinera’s GX Series Platform and ICE-X Intelligent Coherent Pluggables to Upgrade National Broadband Network • GlobeNewswire Inc. • 03/14/2024 12:00:00 PM
- DriveNets and Infinera Complete Joint Solution Certification of Infinera ZR/ZR+ Optical Modules with DriveNets Network Cloud • PR Newswire (US) • 03/13/2024 11:00:00 AM
- DriveNets and Infinera Complete Joint Solution Certification of Infinera ZR/ZR+ Optical Modules with DriveNets Network Cloud • PR Newswire (US) • 03/13/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 12:36:43 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 12:36:29 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 12:36:14 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 12:36:02 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 12:35:49 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 12:35:37 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 09:04:43 PM
- Infinera Corporation Announces Preliminary Unaudited Fourth Quarter 2023 Financial Results • GlobeNewswire Inc. • 03/06/2024 09:03:00 PM
- Infinera Announces Availability of Next Generation Multi-haul Optical Line System Functionality for Industry-leading GX Series Platform • GlobeNewswire Inc. • 03/06/2024 01:00:00 PM
- U.S. Stock Futures Gain Ahead of Economic Insights; Oil Prices Climb • IH Market News • 03/06/2024 11:02:03 AM
- Infinera’s Award-winning Optical Networking Solutions Recognized and Honored by 2024 Lightwave Innovation Reviews • GlobeNewswire Inc. • 03/04/2024 01:00:00 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 02/29/2024 09:37:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 09:33:15 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/29/2024 09:28:48 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 02/29/2024 09:17:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 11:22:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/15/2024 02:05:35 PM
- 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 • GlobeNewswire Inc. • 02/15/2024 02:00:00 PM
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