Infinera Corporation Price & Performance (INFN)

Nokia has officially completed its $2.3 billion acquisition of Infinera, integrating the San Jose-based optical networking pioneer. This merger creates a major force in optical networks, strengthening Nokia’s position with webscale and data center customers and accelerating innovation to meet the rising demands of AI-driven infrastructure.12

Infinera stockholders were given until February 21 to revoke their merger consideration elections, ahead of the acquisition’s anticipated close on February 28. The deal, offering $6.65 per share in cash for revoked elections, proceeded as regulatory approvals aligned, providing clarity and reassurance for stakeholders as the transaction finalized.34

Infinera reported record webscale revenue in 2024, with over half of total revenue linked to webscale partners. Notable design wins and contracts across its GX systems portfolio and new product launches positioned the company strongly for Nokia’s acquisition, despite mixed earnings results for the year.56