NOK completes Infinera acquisition to expand portfolio and boost commercial prospects in the optical network business.
Infinera (INFN) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.12 per share a year ago.
The EU Commission on Wednesday said it had unconditionally approved the $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera by Nokia.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| SS Shawn Singh Clear Sky Carbon Solutions Investment Management LLC | 475,745 | $3,450.35 | $4,757.45 | $1,307.1 | 37.88% |
| - Industry | - Sector | Mr. David W. Heard CEO | NASDAQ (NGS) Exchange | 45667G103 CUSIP |
| US Country | 3,267 Employees | - Last Dividend | - Last Split | 7 Jun 2007 IPO Date |
Infinera Corporation is a global provider of optical transport networking equipment, software, and services. The company's extensive product offerings support various transport network applications, ranging from modular and sled-based platforms to packet-optical transport platforms. Infinera's innovative solutions are designed to meet the needs of telecommunications service providers, internet content providers (ICPs), cable providers, wholesale carriers, research and education institutions, large enterprises, and government entities. Originating from its earlier identity as Zepton Networks, Infinera was established in 2000 and is now headquartered in San Jose, California. The company prides itself on its direct sales force approach to marketing and selling its comprehensive range of products and related support services.