Infinera Awarded Contract with European Collaborative GEANT
Infinera (INFN) announced on July 14 that the company was awarded a contract with GEANT, the leading European collaborative on network and infrastructure for research and education. As part of an EU-funded project, GEANT contracted Infinera to build out its 600G transmission technology across Europe. The technology provided by Infinera will help Europe’s research and education community to be ahead of increasingly demanding data transmission requirements for at least the next 15 years.
Sonal issued an alert to its subscribers at 8:00 am. The next trade took place at 8:30 am for $6.00. Infinera’s stock price rose throughout the day of the announcement and continued its gains over the next four trading days. Infinera closed at $7.04 on July 20 for a five-day gain of 17.3%.
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