Infinera Stock Price, News & Analysis (NASDAQ:INFN)

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last year. There are currently 2 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" INFN shares.
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5 Wall Street research analysts have issued 1-year price targets for Infinera's shares. Their INFN share price targets range from $4.60 to $10.00. On average, they expect the company's stock price to reach $6.72 in the next twelve months. This suggests a possible upside of 69.7% from the stock's current price.
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Infinera's stock was trading at $6.74 on January 1st, 2023. Since then, INFN stock has decreased by 41.2% and is now trading at $3.96.
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Infinera Co. (NASDAQ:INFN) announced its quarterly earnings results on Wednesday, May, 3rd. The communications equipment provider reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.04. The communications equipment provider had revenue of $392.08 million for the quarter, compared to the consensus estimate of $381.39 million. Infinera had a negative trailing twelve-month return on equity of 3.26% and a negative net margin of 0.43%. Infinera's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.13) earnings per share.

ETFs with the largest weight of Infinera (NASDAQ:INFN) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN).SPDR S&P Telecom ETF (XTL).

Infinera issued an update on its fourth quarter earnings guidance on Wednesday, November, 8th. The company provided earnings per share (EPS) guidance of 0.05-0.13 for the period, compared to the consensus estimate of $0.11. The company issued revenue guidance of 421-451 million, compared to the consensus revenue estimate of $436.15 million.

5 employees have rated Infinera Chief Executive Officer David Heard on Glassdoor.com. David Heard has an approval rating of 68% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Infinera investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Micron Technology (MU), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Starbucks (SBUX), Advanced Micro Devices (AMD) and Intel (INTC).

Infinera's stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (15.00%), Shapiro Capital Management LLC (8.49%), Brown Advisory Inc. (6.13%), Paradigm Capital Management Inc. NY (2.17%), Jacobs Levy Equity Management Inc. (1.27%) and Kennedy Capital Management LLC (0.91%). Insiders that own company stock include Christine Bucklin, David F Welch, David W Heard, George Andrew Riedel, Mark A Wegleitner, Michael H Fernicola, Michael H Fernicola, Nicholas Walden, Paul J Milbury and Thomas J Fallon.
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Shares of INFN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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