Tech Stocks Updates – Infinera Corp. (INFN), Broadcom Ltd (AVGO)
Shares of Infinera Corp. (NASDAQ:INFN) ended Friday session in red amid volatile trading. The shares closed down -0.15 points or -1.57% at $9.42 with 1.69 million shares getting traded. Post opening the session at $9.57, the shares hit an intraday low of $9.31 and an intraday high of $9.62 and the price vacillated in this range throughout the day. The company has a market cap of $1.33 billion and the numbers of outstanding shares have been calculated to be 143.19 million shares.
Infinera Corp. (INFN) announced it has joined the Optical Internetworking Forum (OIF) and the Open Networking Foundation (ONF) to demonstrate multi-vendor, multi-layer software defined networking (SDN) Transport Application Programming Interface (T-API) interoperability with the Infinera Xceed Software Suite and the DTN-X Family of packet optical transport platforms.
The Xceed Software Suite (Xceed) provides integrated, open and modular components for SDN automation of programmable multi-layer transport networks, enabling service providers to create new revenue streams and automate network operations. Built on the OpenDaylight open source SDN controller, Xceed is designed for extensibility and high availability to support the requirements of real-time changes in transport networks.
“Network operators across the globe are implementing software defined networks to increase service agility and automate multi-vendor network management,” said Chris Liou, Vice President, Network Strategy at Infinera. “Infinera is delighted to work with the OIF, ONF and industry leading carriers to demonstrate how our open software solutions interoperate in a multi-vendor environment to accelerate service delivery while simplifying network operations.”
Shares of Broadcom Ltd (NASDAQ:AVGO) ended Friday session in green amid volatile trading. The shares closed up +0.02 points or 0.01% at $174.21 with 2.18 million shares getting traded. Post opening the session at $174.88, the shares hit an intraday low of $172.39 and an intraday high of $174.95 and the price vacillated in this range throughout the day. The company has a market cap of $69.23 billion and the numbers of outstanding shares have been calculated to be 397.33 million shares.
Broadcom Ltd (AVGO) announced a new generation of gearbox PHY IC devices, the BCM82332, BCM82793 and BCM82864, designed for data center and enterprise networking applications.
With the general availability of switch chips that have flexible multi-speed port interfaces supporting 10G, 40G, 100G and emerging Ethernet speeds, new gearbox PHY solutions are needed to ensure robust signal integrity and optimize port adaption. The latest Broadcom gearbox PHY devices extend the capabilities of switches by providing flexible port interface and maximizing the electrical link distance to optical interface while consuming minimal power. The BCM82793 and BCM82332 are application-optimized, cost-effective 100G gearbox devices that support IEEE802.3bj Clause 73 Auto-negotiation, Clause 91 FEC and Clause 92 & 93 transmit training.