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Infinera Corp (INFN.OQ)

INFN.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Infinera Corp - Fourth Quarter Non-GAAP Loss Per Share $0.25
Friday, 22 Feb 2019 

Feb 21 (Reuters) - Infinera Corp ::ORATION REPORTS FOURTH QUARTER AND FISCAL YEAR 2018 FINANCIAL RESULTS.Q4 NON-GAAP LOSS PER SHARE $0.25.Q4 GAAP LOSS PER SHARE $0.75.Q4 EARNINGS PER SHARE ESTIMATE $-0.27 -- REFINITIV IBES DATA.QTRLY GAAP REVENUE WAS $332.1 MILLION COMPARED TO $200.4 MILLION IN Q3 OF 2018.GAAP REVENUE IS EXPECTED TO BE $308 MILLION +/- $10 MILLION FOR QUARTER ENDING MARCH 30, 2019.NON-GAAP REVENUE IS EXPECTED TO BE $310 MILLION +/- $10 MILLION FOR QUARTER ENDING MARCH 30, 2019.GAAP LOSS PER SHARE IS EXPECTED TO BE $0.51 +/- $0.02 FOR QUARTER ENDING MARCH 30, 2019.NON-GAAP LOSS PER SHARE IS EXPECTED TO BE $0.27 +/- $0.02 FOR QUARTER ENDING MARCH 30, 2019.Q1 EARNINGS PER SHARE VIEW $-0.20, REVENUE VIEW $327.5 MILLION -- REFINITIV IBES DATA.  Full Article

Infinera Implements Restructuring Initiative
Monday, 10 Dec 2018 

Dec 10 (Reuters) - Infinera Corp ::INFINERA CORP - IMPLEMENTED A RESTRUCTURING INITIATIVE AS PART OF A COMPREHENSIVE REVIEW OF COMPANY'S OPERATIONS.INFINERA CORP - EXPECTS A SUBSTANTIAL MAJORITY OF UNDERLYING ACTIVITIES OF ACTION TO BE COMPLETED BY DECEMBER 29, 2018.INFINERA CORP - INITIAL PHASE OF THE RESTRUCTURING ACTION WILL BEGIN IMMEDIATELY.INFINERA CORP - ESTIMATES IT WILL INCUR SEVERANCE AND EMPLOYEE-RELATED COSTS EXPECTED TO BE IN RANGE OF $6 MILLION TO $8 MILLION.INFINERA CORP - IS CONTINUING TO REVIEW POTENTIAL IMPACT OF RESTRUCTURING INITIATIVE.INFINERA CORP - EXPECTS A SUBSTANTIAL MAJORITY OF THE UNDERLYING ACTIVITIES OF THIS ACTION TO BE COMPLETED BY DECEMBER 29, 2018.INFINERA - PLANS TO FURTHER EXECUTE ON ITS RESTRUCTURING INITIATIVE OVER COURSE OF FISCAL 2019 IN ORDER TO DELIVER ON ITS ANTICIPATED SYNERGIES.  Full Article

Infinera Q3 Non-Gaap Loss Per Share $0.04
Wednesday, 7 Nov 2018 

Nov 6 (Reuters) - Infinera Corp ::REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 NON-GAAP LOSS PER SHARE $0.04.Q3 GAAP LOSS PER SHARE $0.21.Q3 REVENUE $200.4 MILLION VERSUS I/B/E/S VIEW $209.9 MILLION.SEES Q4 2018 REVENUE $325 MILLION.Q3 EARNINGS PER SHARE VIEW $-0.04 -- THOMSON REUTERS I/B/E/S.INFINERA - Q4 LOSS PER SHARE IS EXPECTED TO BE $0.43 +/- $0.02.INFINERA - Q4 NON-GAAP LOSS PER SHARE IS EXPECTED TO BE $0.28 +/- $0.02.  Full Article

Infinera Announces Pricing Of $350 Million Convertible Senior Notes Offering And 100 PCT Capped Call To Manage Dilution
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Infinera Corp ::INFINERA ANNOUNCES PRICING OF $350 MILLION CONVERTIBLE SENIOR NOTES OFFERING AND 100 PCT CAPPED CALL TO MANAGE DILUTION.INFINERA CORP - PRICING OF $350 MILLION AGGREGATE PRINCIPAL AMOUNT OF CONVERTIBLE SENIOR NOTES DUE 2024.  Full Article

Infinera Announces Intent To Acquire Coriant
Tuesday, 24 Jul 2018 

July 23 (Reuters) - Infinera Corp ::INFINERA SCALES FOR NEXT WAVE OF GLOBAL NETWORK SPENDING – ANNOUNCES INTENT TO ACQUIRE CORIANT AND PRELIMINARILY REPORTS STRONG Q2 PERFORMANCE.INFINERA CORP - ACQUISITION IS EXPECTED TO BE SUBSTANTIALLY ACCRETIVE IN 2019.INFINERA CORP - UNDER DEAL, INFINERA WILL PAY APPROXIMATELY $150 MILLION IN CASH AT CLOSING.INFINERA CORP - WILL BE ACQUIRING A DEBT-FREE BALANCE SHEET AND EXPECTS CASH FLOWS TO PAY BACK TRANSACTION CONSIDERATION WITHIN THREE YEARS.INFINERA CORP - DEAL ACCRETION WILL COME FROM $100 MILLION OF IDENTIFIED COST SAVINGS IN BOTH COST OF GOODS SOLD AND OPERATING EXPENSES.INFINERA CORP - TOTAL COST SYNERGIES OF $250 MILLION ARE EXPECTED THROUGH 2021 FROM DEAL.INFINERA - UNDER DEAL, INFINERA WILL ALSO PAY ESTIMATED ADDITIONAL AMOUNTS OF $25 MILLION IN TWO QTRS POST-CLOSING AND $55 MILLION OVER A PERIOD OF YEARS.INFINERA CORP - MORGAN STANLEY SENIOR FUNDING, INC HAS COMMITTED TO PROVIDE DEBT FINANCING FOR TRANSACTION, SUBJECT TO CUSTOMARY CONDITIONS.INFINERA CORP - DEAL FOR TOTAL TRANSACTION CONSIDERATION OF APPROXIMATELY $430 MILLION.INFINERA CORP - Q2 REVENUE IS EXPECTED TO BE SLIGHTLY HIGHER THAN MIDPOINT OF PREVIOUSLY REPORTED GUIDANCE RANGE.INFINERA CORP - Q2 GAAP GROSS MARGIN AND NON-GAAP GROSS MARGIN ARE EXPECTED BE AT HIGH END OF OUR PREVIOUSLY REPORTED GUIDANCE RANGES.INFINERA CORP - INFINERA WILL ISSUE ABOUT 21 MILLION SHARES, WHICH WHEN COMBINED WITH CASH, RESULTS IN TOTAL DEAL CONSIDERATION OF ABOUT $430 MILLION.  Full Article

Infinera Reports Q4 Non-GAAP Loss Per Share $0.12
Thursday, 8 Feb 2018 

Feb 7 (Reuters) - Infinera Corp ::ORATION REPORTS FOURTH QUARTER AND FISCAL YEAR 2017 FINANCIAL RESULTS.Q4 NON-GAAP LOSS PER SHARE $0.12.Q4 GAAP LOSS PER SHARE $0.50.Q4 REVENUE $195.8 MILLION VERSUS $181 MILLION.Q4 EARNINGS PER SHARE VIEW $-0.13, REVENUE VIEW $190.3 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Infinera reports Q3 results, announces restructuring plan
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Infinera Corp :Infinera Corporation reports third quarter 2017 financial results and announces restructuring plan.Q3 non-GAAP loss per share $0.11.Q3 GAAP loss per share $0.25.Q3 revenue $192.6 million versus I/B/E/S view $191.1 million.Q3 earnings per share view $-0.16 -- Thomson Reuters I/B/E/S.Infinera Corp - ‍announced a plan to restructure its worldwide operations​.Infinera - ‍as part of restructuring plan, co to reduce headcount, rationalize certain products and programs, and close a remote research and development facility​.Infinera Corp - ‍anticipates annual savings from restructuring to be approximately $40.0 million​.Infinera Corp - ‍estimates total costs related to restructuring will be in range of $21.0 million to $27.0 million​.Infinera Corp - ‍anticipates a majority of restructuring will be completed during Q4 of 2017​.  Full Article

Infinera Q2 non-gaap loss per share $0.15
Friday, 4 Aug 2017 

Aug 3 (Reuters) - Infinera Corp ::Infinera Corporation reports second quarter 2017 financial results.Q2 non-gaap loss per share $0.15.Q2 gaap loss per share $0.29.Q2 revenue $176.8 million versus I/B/E/S view $181.2 million.Q2 earnings per share view $-0.16 -- Thomson Reuters I/B/E/S.  Full Article

Infinera reports Q1 revenue $175.5 million
Friday, 5 May 2017 

May 4 (Reuters) - Infinera Corp :Infinera Corporation reports first quarter 2017 financial results.Q1 non-GAAP loss per share $0.15.Q1 GAAP loss per share $0.28.Q1 revenue $175.5 million versus I/B/E/S view $172.6 million.Q1 earnings per share view $-0.15 -- Thomson Reuters I/B/E/S.  Full Article