Latest news with #Infinera
Yahoo
a day ago
- Business
- Yahoo
Nokia (NOK) Announces Leadership Changes in Network Infrastructure
Nokia Oyj (NYSE:NOK) is one of the 11 must-buy AI stocks analysts are betting on. On June 16, the company announced that Federico Guillén will retire on December 31, 2025, stepping down as President of Network Infrastructure and from the Group Leadership Team on June 30, 2025. David Heard, former CEO of Infinera, will take over the role starting July 1, 2025, reporting to Nokia's President and CEO Justin Hotard. Heard joined Nokia through its Infinera acquisition in February 2025 and will be based in Dallas. Nokia (NOK) CEO Pekka Lundmark Additionally, Victoria Hanrahan has been named Chief of Staff to the President and CEO, joining the Group Leadership Team immediately. Her focus will be on improving strategic execution and organizational alignment. Hotard praised Guillén's leadership in building a strong and profitable business while highlighting Heard's expertise in scaling operations and AI-optimized solutions. Prior to Nokia, Heard held leadership roles at JDSU, BigBand Networks, Lucent, and AT&T. Hanrahan previously worked at Hewlett Packard Enterprise in marketing and strategy. These changes reflect Nokia's focus on strengthening its Network Infrastructure leadership and driving innovation. Nokia Oyj provides mobile, fixed, and cloud network solutions globally, operating across Network Infrastructure, Mobile Networks, Cloud & Network Services, and Nokia Technologies. The company offers fiber, copper, and optical networks, IP routing, radio access technologies, and network management services. It also provides cloud solutions, 5G core, private wireless, and AI-driven network APIs to enhance connectivity. Additionally, Nokia licenses patents and its brand while serving telecom providers, enterprises, governments, and hyperscalers. While we acknowledge the potential of NOK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Healthcare Stocks to Buy Now and 10 Stocks Analysts Are Upgrading Today. Disclosure: None.
Time of India
5 days ago
- Business
- Time of India
Nokia names former Infinera chief David Heard to lead network infrastructure business
NEW DELHI: Finnish telecom gear maker Nokia has elevated David Heard , the former chief executive officer (CEO) of Infinera , as the president of its network infrastructure (NI) business unit, under a group leadership revamp. Heard currently serves as the chief strategic growth officer of Nokia's NI business, and will take on the new role on July 1, 2025. He will replace Federico Guillén , who is retiring on December 31, 2025, after a five-year tenure, and stepping down from his role as president of the division and from the group leadership team on June 30, 2025. Heard will report to Nokia's President and CEO, Justin Hotard , and will be based in Dallas. Nokia successfully closed the acquisition of Infinera earlier this year in a $2.3-billion deal, to better compete against rivals such as the US's Ciena and Chinese Huawei. 'I want to thank Federico for his exceptional leadership and contribution to Nokia. As the first President of Network Infrastructure, he has been instrumental in building a high-performing and profitable business with a strong customer focus, helping to position the business for long-term growth,' said Hotard. 'David has a proven track record of scaling businesses and driving innovation, and he brings a deep expertise of hyperscalers and AI-optimized solutions to the business. I'm confident he is the right leader to take Network Infrastructure forward,' he added. In addition, Victoria Hanrahan will join Nokia's group leadership team as chief of staff to the president and CEO, effective immediately.
Channel Post MEA
01-03-2025
- Business
- Channel Post MEA
Nokia Completes Acquisition Of Infinera
Nokia has announced the closing of the acquisition of Infinera Corporation. The San Jose based company has become part of Nokia effective as of the closing. The acquisition brings together two innovation leaders with a history of industry firsts. In doing so, it creates an optical networks powerhouse with the scale to accelerate product roadmaps, further expanding Nokia's ability to help network operators – whether service providers, webscalers or enterprises – unlock the opportunities and meet the network and power demands of the AI era. 'I am delighted we have been able to quickly and successfully complete the acquisition of Infinera. This transaction will significantly improve our scale and profitability in optical networks, and allows us to speed up the pace of innovation to meet the requirements of the AI era. The Infinera acquisition will accelerate our growth strategy in data centers and strengthen our presence both in North America and with webscale customers,' remarked Pekka Lundmark, President and CEO of Nokia. 'The speed with which the transaction was approved is very positive for Nokia, as is the strong support the deal has received from customers. In welcoming our new colleagues – and the talent and expertise they bring with them – we are creating a new organization that will be a pace-setter in innovation, offering capabilities across a wide range of optical networking technologies, underpinned by the cutting-edge research of Nokia Bell Labs. Innovation benefits from scale, and the expansion offered by the acquisition means that we will be able to bring more to customers, faster,' commented Federico Guillén, President of Network Infrastructure at Nokia. The Infinera team will join Nokia's Optical Networks business – headed by its Vice President and General Manager, James Watt. Meanwhile Infinera CEO, David Heard will join Nokia's Network Infrastructure business group as NI Chief Strategic Growth Officer. In this position he will help to set and oversee the implementation of the business group's growth plans, including specific customer segment strategies, product and market mix, and go-to-market approach across the business group. 'I am delighted to welcome David to Nokia and to Network Infrastructure. His extensive experience in technology and business strategy implementation will play a leading role in helping our business group seize opportunities in the market and achieve our ambitions across all our markets and business areas,' added Guillén. 'From strong growth in the webscale space to service provider successes spanning metro, long haul and subsea networks, the proven accomplishments of the Infinera team make for an ideal complement to Nokia's recognized optical network leadership and innovation. I'm excited about the widely expanded opportunities this new chapter opens up and what it means for Nokia and its Network Infrastructure business, and delighted to be joining the team to help accelerate its growth across all customer segments worldwide,' said Heard. With more than 1,000 customers globally, the combined company's solutions power some of the biggest operators worldwide, along with leading organizations in verticals including enterprise, utilities, government and research & education. Meeting the challenges of the AI era Data centers are at an inflection point as AI and cloud put massive new demands on them. To overcome these challenges requires new ways of thinking about data center technology that emphasizes mission-critical aspects of networking technology. Nokia's offerings across the Network Infrastructure portfolio apply the same mission-critical standards to customers in every sector, from service providers to webscalers to organizations in a broad range of industry sectors. Directing innovation power towards topics such as reliability, security and sustainability – as well as capacity, flexibility and manageability – Nokia is strongly placed to bring value to data center builders and users, including in intra-data center for server-to-server connections to support the increasing demands of new AI workloads. EUR 200 million synergy target reconfirmed On 28 June 2024, Nokia and Infinera announced the companies had signed a definitive agreement under which Nokia would acquire Infinera for US$6.65 per share with shareholders able to elect cash, Nokia shares or a combination of both with a proration mechanism limiting the Nokia share issuance to approximately 30% of the aggregate consideration paid to Infinera shareholders. All Nokia shares will be issued to Infinera shareholders in the form of American Depositary Shares. Nokia announced at the time and reconfirms today that it expects the transaction to be accretive to Nokia comparable operating profit and EPS in 2025 and Nokia continues to target over EUR 200 million of net comparable operating profit synergies from the deal by 2027 with the synergies ramping gradually over the three-year period. The transaction is expected to deliver over 10% comparable EPS accretion in 2027.
Yahoo
28-02-2025
- Business
- Yahoo
Infinera (INFN) Misses Q4 Earnings Estimates
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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -66.67%. A quarter ago, it was expected that this communications equipment maker would post earnings of $0.06 per share when it actually produced break-even earnings, delivering a surprise of -100%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Infinera , which belongs to the Zacks Computer - Networking industry, posted revenues of $414.39 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.33%. This compares to year-ago revenues of $453.46 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Infinera shares have added about 1.2% since the beginning of the year versus the S&P 500's gain of 1.3%. While Infinera has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Infinera: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.01 on $351.17 million in revenues for the coming quarter and $0.22 on $1.56 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Networking is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Computer and Technology sector, Methode (MEI), has yet to report results for the quarter ended January 2025. The results are expected to be released on March 5. This maker of electrical components for the auto and computer industries is expected to post quarterly loss of $0.17 per share in its upcoming report, which represents a year-over-year change of +48.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Methode's revenues are expected to be $262.75 million, up 1.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Infinera Corporation (INFN) : Free Stock Analysis Report Methode Electronics, Inc. (MEI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Euronews
27-02-2025
- Business
- Euronews
EU Commission approves Nokia's multi-billion euro takeover of Infinera
The EU Commission has "unconditionally" approved the €2.19bn acquisition of US-based Infinera by the Finnish technology company Nokia. Both Nokia and Infinera supply optical transport equipment used to transmit data through optical fibre cables. According to the parties, the transaction will allow the merged entity to attain the requisite scale in its optical networking business to accelerate its product roadmap and compete more vigorously with larger competitors in the market. Nokia originally announced its acquisition of the US data centre equipment provider in June 2024. The deal will make Nokia the world's second-largest provider of optical networking equipment after China's Huawei, with a 20% market share. The Commission's investigation In a statement, the Commission said that it had investigated the impact of the transaction on the global or EEA markets for the supply of optical transport equipment, as well as on the narrower segments of such markets based on the type/application of the equipment. Based on its market investigation, the Commission found that Nokia and Infinera's combined market shares in the global or EEA markets for the supply of optical transport equipment, as well as on the narrower segments of such markets, are moderate. It also found that there are several credible competitors on those markets who, following the transaction, will continue to exert sufficient competitive pressure upon Nokia. The Commission concluded that the proposed acquisition would not raise competition concerns in the EEA and cleared the transaction unconditionally.
