Infinera Corporation (INFN)
NASDAQ (NGS) NASDAQ (NGS) Primary 
Nokia is buying Infinera to play the AI boom
Infinera Corp (NASDAQ: INFN) is up 20% on Friday after Nokia Oyj disclosed plans of buying the California-based company for $2.3 billion. Shares of the telecommunications giant are roughly flat at writing.
Nokia boosts data center capabilities with $2.3B Infinera purchase
Nokia has inked an agreement to acquire Infinera Corp for $2.3 billion to expand its optical network business, particularly in North America. The acquisition of the US optical networking gear maker would make Nokia the second largest optical networking vendor with a 20% market share, trailing Huawei.
INFN Stock Alert: Nokia Boosts Infinera With $2.3 BILLION Buy
Infinera (NASDAQ: INFN ), a maker of optical equipment, is soaring today on news that Nokia (NYSE: NOK ) will acquire it in a $2.3 billion deal. Nokia appears to have decided to acquire Infinera in order to double down on its artificial intelligence (AI) data center business and compete more effectively with Huawei and Ciena (NYSE: CIEN ).
Infinera Soars After $2.3 Billion Deal to Be Acquired by Nokia
Shares of Infinera (INFN) soared in premarket trading Friday, a day after the optical networking solutions company agreed to be acquired by Finnish telecommunications firm Nokia (NOK) for $2.3 billion.
Infinera Stock Soars on Nokia Acquisition. It's Challenging Ciena and Huawei.
The combined Nokia and Infinera will have a market share of around 20% globally, broadly equal to Ciena but lagging Huawei's 31% share.
Nokia taps AI boom with $2.3 bln Infinera purchase
Nokia's bid to buy U.S. optical networking gear maker Infinera in a $2.3 billion deal puts the Finnish company on track to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence.
Nokia to acquire Infinera for $2.3-billion to scale up optical business
Finnish telecommunications major Nokia Corporation will be acquiring California-based telecommunication equipment company Infinera Corporation for $2.3 billion in a bid to scale up its optical business, the company announced on Thursday. Infinera's stock rose 18% after the deal announcement.
Nokia considering potential acquisition of Infinera, Bloomberg News reports
Nokia is exploring a potential acquisition of Infinera Corp , a maker of optical telecommunications equipment, Bloomberg News reported on Thursday, citing people familiar with the matter.
Infinera (INFN) Demonstrates 5G Ability in Multi-Vendor Test
Infinera (INFN) demonstrates xHaul's multi-vendor handling capability in the European Open Test & Integration Center in collaboration with DZS and Calnex.
Infinera Corporation (INFN) Q1 2024 Earnings Call Transcript
Infinera Corporation (NASDAQ:INFN ) Q1 2024 Results Conference Call May 14, 2024 5:00 PM ET Company Participants Amitabh Passi - Head of Investor Relations David Heard - CEO & Director Nancy Erba - Chief Financial Officer Ron Johnson - Senior VP & GM of Infinera's Optical Subsystems and Global Engineering Conference Call Participants Samik Chatterjee - JPMorgan Simon Leopold - Raymond James Christian Schwab - Craig-Hallum Capital Group Michael Genovese - Rosenblatt Securities Karan Juvekar - Morgan George Notter - Jefferies David Kang - B. Riley Operator Thank you for standing by.
