[Market Wired] Infinera Corp. (NASDAQ:INFN) a provider of Intelligent Transport Networks™, announced that it had started shipping the Infinera Cloud Xpress. The Cloud Xpress is a family of metro optical platforms designed for network operators delivering Cloud-based services to consumers and businesses worldwide. Infinera has shipped the Cloud Xpress for production deployment as well as field trials to multiple customers. Cloud Xpress customers include Internet content providers, data center operators and large enterprises.
Infinera announced the Cloud Xpress this fall as part of the Infinera Cloud Xpress family. The Cloud Xpress platform is optimized for the metro Cloud, the transport network that provides data center connectivity within a metro area. A small, stackable platform, Cloud Xpress is designed to simplify the deployment of high-bandwidth connections while lowering the power and space required to scale metro Cloud networks. To view the full article click here.
Infinera Corp. (NASDAQ:INFN), On 10/22/2014, INFN reported 3 quarter 2014 earnings of $0.11 per share. This result beat the $0.07 consensus of the 9 analysts covering the company and beat last year’s 3 quarter results by 10.00%.
The next tentative earnings announcement is expected on 01/27/2015.
Infinera Corp. (NASDAQ:INFN)‘s PE ratio is among the lowest of any stock in the Semiconductors industry and signals that investors have not been willing to pay a premium for this company’s business prospects. Additionally, during the past year, earnings growth has outpaced its historical five year growth rate.
In terms of ratings, there are ten analysts that cover the stock which have provided Q4 2014 earnings per share estimates. The consensus anticipated number for the upcoming quarter is $0.11. The highest estimate is $0.12 while the lowest is $0.10. The company has a one year EPS growth rate of 64.50%.
Infinera Corp. (NASDAQ:INFN) provides optical networking equipment, software and services to communications service providers, Internet content providers, cable operators and subsea network operators (collectively, Service Providers) across the globe. As of December 29, 2012, 111 Service Providers have selected Infinera’s optical architecture platform to efficiently grow and manage their optical networks. Infinera manufactures commercially-deployed, large-scale photonic integrated circuits (PICs). Its first generation PICs transmit and receive 100 gigabits per second of optical transmission capacity and incorporate the functionality of over 60 optical functions into a pair of indium phosphide chips. Its PICs are combined with Optical Transport Network (OTN) switching to enable its Digital Optical Network architecture to offer Service Providers a combination of transmission capacity and the bandwidth management tools to utilize such capacity across platforms that are easy to operate.