Last $10.58 USD
Change Today +0.15 / 1.44%
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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

infinera corp (INFN) Key Developments

Akado Telecom Deploys Multi-Terabit Intelligent Transport Network with Infinera Instant Bandwidth

Infinera and Akado Telecom (Akado) announced the upgrade to Akado's Moscow backbone network with the Infinera DTN-X packet optical transport networking platform featuring Infinera Instant Bandwidth. With this deployment and upgrade to 100 gigabit per second (Gb/s), Akado has increased its total fiber capacity by more than four times, enabling rapid delivery of high capacity services. The Infinera DTN-X platform enables Akado to rapidly deliver reliable, high-speed networking services. The Infinera DTN-X features the industry's only commercially available 500 Gb/s super-channel solution. When combined with Infinera's Instant Bandwidth, Akado can activate bandwidth on demand in 100 Gb/s increments to rapidly deliver services to its customers faster and with lower costs. This new system provides over eight terabits per second (Tb/s) of capacity on the Akado fiber infrastructure. To put that in perspective, eight Tb/s is more capacity than the entire Internet in 2005, and is enough bandwidth to simultaneously stream over one million high definition videos bi-directionally. Infinera's SDN-ready application programming interfaces automate network operations to reduce both operational cost and service delivery times.

Infinera Adds Stuart Elby as Senior Vice President of Cloud Network Strategy and Technology

Infinera announced the formation of a cloud networks group to strengthen Infinera's presence in the data center market. To lead the group, Infinera has hired Stuart Elby, Ph.D. Dr. Elby will serve as the senior vice president of cloud network strategy and technology. Dr. Elby brings more than 30 years of diverse telecommunications, video and data center expertise to Infinera. Prior to Infinera, Dr. Elby served as the vice president and chief technologist of Verizon Labs. During his tenure at Verizon, Dr. Elby was responsible for developing Verizon's technology vision and target network architecture to support emerging products and services. In this role, he had significant influence in the network architecture and development of Verizon's platforms for metro and long haul networks, including Verizon's cloud and digital video services. Dr. Elby led the design, development and launch of cloud services platforms for Verizon Digital Media Services and managed the specification and design of multiple core services platforms including cloud and API secure gateway.

Infinera Corporation Provides Earnings Guidance for the Third Quarter of 2014

Infinera Corporation provided earnings guidance for the third quarter of 2014. For the third quarter of fiscal 2014, the company currently project revenue to be in the range of $165 million to $175 million. The midpoint of this range represents year-over-year growth of nearly 20%. The company currently expects GAAP EPS to be lower than non-GAAP EPS by about $0.07 per share, primarily related to stock-based compensation expense.

Infinera Corporation Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2014

Infinera Corporation reported un-audited consolidated earnings results for the second quarter and six months ended June 28, 2014. For the quarter, the company reported GAAP revenue of $165.4 million compared to $142.8 million in the first quarter of 2014 and $138.4 million in the second quarter of 2013. GAAP net income was $4.8 million, or $0.04 per diluted share, compared to net loss of $4.4 million, or $0.04 per diluted share, in the first quarter of 2014, and a net loss of $10.0 million, or $0.09 per diluted share, in the second quarter of 2013. Non-GAAP net income was $13.5 million, or $0.11 per diluted share, compared to net income of $4.2 million, or $0.03 per diluted share in the first quarter of 2014, and net loss of $1.2 million, or $0.01 per diluted share, in the second quarter of 2013. The company reported income from operations of $8.1 million compared to loss from operations of $8.6 million, income before income taxes of $5.4 million compared to loss before income taxes of $9.4 million and non-GAAP income from operations of $14.9 million compared to non-GAAP loss from operations of $0.4 million for the last year. For the six months, the company reported GAAP revenue of $308.2 million compared to $263.0 million in 2013. GAAP net income was $0.4 million, or $0.00 per diluted share, compared to net loss of $25.3 million, or $0.22 per diluted share in 2013. Non-GAAP net income was $17.7 million, or $0.14 per diluted share, compared to net loss of $8.5 million, or $0.07 per diluted share, in the second quarter of 2013. The company reported income from operations of $7.0 million compared to loss from operations of $23.6 million, income before income taxes of $1.3 million compared to loss before income taxes of $24.4 million, non-GAAP income from operations of $20.5 million compared to non-GAAP loss from operations of $7.4 million, net cash used in operating activities of $5.2 million compared to $3.4 million and purchase of property and equipment of $10.0 million compared to $9.4 million for the last year.

XO Communications Deploys Infinera's Intelligent Transport Network for 100G Nationwide

Infinera and XO Communications (XO) announced the deployment of the Infinera DTN-X packet optical transport networking platform capable of delivering high bandwidth network services up to 100G across the XO nationwide network. The multi-terabit Infinera DTN-X platform also enables XO to support high-performance cloud, data and video applications nationally. With the Infinera DTN-X platform, XO benefits from the industry's only commercially available single-card 500 gigabit per second (Gb/s) FlexCoherent super-channel solution. These 500 Gb/s super-channels enable XO to rapidly deliver more than nine terabits per second (Tb/s) of transmission capacity on a single fiber. The high capacity super-channels are enabled by 500 Gb/s photonic integrated circuits (PICs) developed and fabricated by Infinera. PICs enable the DTN-X platform to integrate wavelength division multiplexing super-channel transmission with up to 12 Tb/s of non-blocking optical transport network switching, providing seamless scaling as traffic requirements grow in the future. The DTN-X also features an SDN-ready application programming interface that enables the automation of network operations to reduce both operational cost and service delivery times.

 

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