Infinera Corporation Announces Notification Of Delinquency With Nasdaq
Portfolio Pulse from Benzinga Newsdesk
Infinera Corporation (NASDAQ:INFN) received a delinquency notification from Nasdaq for not filing its Annual Report on Form 10-K for the year ended December 30, 2023, on time. The company must submit a compliance plan by May 14, 2024, to address how it intends to regain compliance with Nasdaq's listing rules.

March 15, 2024 | 8:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Infinera received a delinquency notice from Nasdaq for failing to file its Annual Report on time, which could impact its stock listing status.
Receiving a delinquency notice from Nasdaq is a significant regulatory issue that can lead to negative investor sentiment and potential stock price decline in the short term. The urgency for Infinera to submit a compliance plan and regain compliance underscores the seriousness of the situation. Historically, such notices can lead to volatility in a company's stock as investors react to the potential risk of delisting.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100