Shares of Infinera Corp. (NASDAQ:INFN) ended Friday session in green amid volatile trading. The shares closed up +0.05 points or 0.57% at $8.85 with 1.41 million shares getting traded. Post opening the session at $8.88, the shares hit an intraday low of $8.76 and an intraday high of $8.94 and the price vacillated in this range throughout the day. The company has a market cap of $1.31 billion and the numbers of outstanding shares have been calculated to be 143.19 million shares.
On August 31, 2016 Infinera, a provider of Intelligent Transport Networks, unveiled the Xceed Software Suite (Xceed), a portfolio of integrated, open and modular software components for software defined networking (SDN) automation of Infinera programmable multi-layer transport networks. The new software suite, including the Xceed Multi-layer SDN Platform and Xceed Applications, enables service providers to create new revenue streams and reduce operational costs by driving higher network efficiency.
Service providers have begun using SDN within their data centers to automate networking of virtualized devices and functions, but have not yet been able to extend the same SDN automation to the metro and core networks that are foundational to their business. Meanwhile, traffic patterns in metro and core networks have become increasingly variable and unpredictable. Service providers are challenged to activate bandwidth, reconfigure network resources and adapt to application demand quickly using legacy systems and manual processes.
The Xceed Software Suite is designed to meet these challenges by delivering an open purpose-built multi-layer SDN platform and revenue-ready applications, leveraging the powerful scalability, flexibility and programmability of Infinera transport networks.
Purpose-built Platform: The Xceed Multi-layer SDN Platform delivers scalable SDN control across Infinera’s end-to-end Intelligent Transport Network portfolio spanning long-haul, metro and data center interconnect applications. The Xceed platform, built on the OpenDaylight open source SDN controller, incorporates Infinera-developed advanced microservices, such as the Xceed Multi-layer Path Computation Element (PCE) and a rich network abstraction layer incorporating Infinera’s proven Open Transport Switch (OTS) software. With a diverse range of open application programming interfaces (APIs), standards-based information models and open source components, the Xceed Multi-layer SDN Platform sets a new benchmark of openness to enable rapid application development and deployment.
Shares of Broadcom Ltd (NASDAQ:AVGO) ended Friday session in red amid volatile trading. The shares closed down -3.98 points or -2.25% at $173.11 with 8.07 million shares getting traded. Post opening the session at $177.00, the shares hit an intraday low of $168.80 and an intraday high of $177.34 and the price vacillated in this range throughout the day. The company has a market cap of $67.18 billion and the numbers of outstanding shares have been calculated to be 395.52 million shares.
Broadcom Ltd (AVGO) on Sept. 01, 2016 reported financial results for the third quarter of its fiscal year 2016, ended July 31, 2016.
Third Quarter Fiscal Year 2016 GAAP Results
Net revenue was $3,792 million, an increase of 7 percent from $3,541 million in the previous quarter and an increase of 119 percent from $1,735 million in the same quarter last year.
Gross margin was $1,782 million, or 47.0 percent of net revenue. This compares with gross margin of $1,046 million, or 29.5 percent of net revenue, in the prior quarter, and gross margin of $884 million, or 51.0 percent of net revenue, in the same quarter last year.
Operating expenses were $2,046 million. This compares with $2,047 million in the prior quarter and $585 million for the same quarter last year.
Operating loss was $264 million, or 7 percent of net revenue. This compares with operating loss of $1,001 million, or 28 percent of net revenue, in the prior quarter, and operating income of $299 million, or 17 percent of net revenue, in the same quarter last year.