NASDAQ:INFN Infinera (INFN) Stock Forecast, Price & News $4.72 +0.07 (+1.51%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$4.65▼$4.8950-Day Range$4.65▼$7.7652-Week Range$4.26▼$7.80Volume3.82 million shsAverage Volume2.61 million shsMarket Capitalization$1.06 billionP/E RatioN/ADividend YieldN/APrice Target$8.50 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Infinera MarketRank™ ForecastAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside80.1% Upside$8.50 Price TargetShort InterestBearish16.86% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.66Based on 2 Articles This WeekInsider TradingAcquiring Shares$29,700 Bought Last QuarterProj. Earnings GrowthGrowingFrom ($0.02) to $0.22 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.01 out of 5 starsComputer And Technology Sector360th out of 597 stocksTelephone & Telegraph Apparatus Industry7th out of 11 stocks 3.3 Analyst's Opinion Consensus RatingInfinera has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.50, Infinera has a forecasted upside of 80.1% from its current price of $4.72.Amount of Analyst CoverageInfinera has only been the subject of 2 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted16.86% of the outstanding shares of Infinera have been sold short.Short Interest Ratio / Days to CoverInfinera has a short interest ratio ("days to cover") of 14.2, which indicates bearish sentiment.Change versus previous monthShort interest in Infinera has recently decreased by 3.92%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldInfinera does not currently pay a dividend.Dividend GrowthInfinera does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for INFN. Previous Next 2.6 News and Social Media Coverage News SentimentInfinera has a news sentiment score of 0.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Infinera this week, compared to 3 articles on an average week.Search Interest11 people have searched for INFN on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Infinera to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Infinera insiders have bought more of their company's stock than they have sold. Specifically, they have bought $29,700.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.18% of the stock of Infinera is held by insiders.Percentage Held by Institutions97.74% of the stock of Infinera is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Infinera are expected to grow in the coming year, from ($0.02) to $0.22 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Infinera is -22.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Infinera is -22.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioInfinera has a P/B Ratio of 5.76. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Infinera (NASDAQ:INFN) StockInfinera Corp. engages in the provision of networking solutions, which consists of networking equipment, software and services. It operates through the following geographical segments: United States, Other Americas, Europe, Middle East and Africa, and Asia Pacific and Japan. Its products include control and automation, network routers, packet optical, and compact modular. The company was founded by David F. Welch, Drew Daniel Perkins, and Jagdeep Singh in December 2000 and is headquartered in San Jose, CA.Read More Receive INFN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Infinera and its competitors with MarketBeat's FREE daily newsletter. Email Address INFN Stock News HeadlinesMay 31, 2023 | 247wallst.comUnusual Call Option Trade in Infinera Worth $120KMay 31, 2023 | msn.comUnusual Call Option Trade in Infinera (INFN) Worth $120.00KJune 8, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 25, 2023 | americanbankingnews.comInsider Buying: Infinera Co. (NASDAQ:INFN) CEO Acquires $29,700.00 in StockMay 24, 2023 | finance.yahoo.comInfinera Corporation's (NASDAQ:INFN) Profit OutlookMay 23, 2023 | fool.comInfinera (NASDAQ: INFN)May 22, 2023 | finance.yahoo.comInfinera to Participate in J.P. Morgan’s 2023 Global Technology, Media and Communications ConferenceMay 18, 2023 | finance.yahoo.comPolish Operator Hawe Telekom Achieves Single-module 1.6 Tb/s with Infinera’s ICE6June 8, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.May 17, 2023 | marketwatch.comLiberty Networks Powers New Routes Across Florida with Infinera's ICE6 800G TechnologyMay 17, 2023 | seekingalpha.comInfinera refinances senior convertible notesMay 17, 2023 | americanbankingnews.comInfinera Co. (NASDAQ:INFN) Receives Average Recommendation of "Moderate Buy" from AnalystsMay 17, 2023 | finance.yahoo.comInfinera Corporation Announces the Repurchase of Approximately $83.9M of Convertible Senior Notes Due 2024 using Proceeds from the Reopening of Convertible Senior Notes Due 2028May 16, 2023 | finance.yahoo.comLiberty Networks Powers New Routes Across Florida with Infinera’s ICE6 800G TechnologyMay 9, 2023 | finance.yahoo.comInfinera and Sumitomo Electric First to Demonstrate Revolutionary Point-to-Multipoint Optical Transmission Technology in JapanMay 8, 2023 | finance.yahoo.comInfinera Achieves 61.3 Tbps Data Transmission on Simulated 1,240 Kilometer Telstra InfraCo Intercity LinkMay 6, 2023 | americanbankingnews.comInfinera (NASDAQ:INFN) Price Target Cut to $6.00May 4, 2023 | americanbankingnews.comInfinera (NASDAQ:INFN) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPSMay 4, 2023 | finance.yahoo.comInfinera (INFN) Tops Q1 Earnings and Revenue EstimatesMay 4, 2023 | finance.yahoo.comInfinera (INFN) Q1 2023 Earnings Call TranscriptMay 3, 2023 | seekingalpha.comInfinera Corporation (INFN) Q1 2023 Earnings Call TranscriptMay 3, 2023 | seekingalpha.comInfinera Corporation 2023 Q1 - Results - Earnings Call PresentationMay 3, 2023 | finance.yahoo.comInfinera Corporation Reports First Quarter 2023 Financial ResultsMay 1, 2023 | americanbankingnews.comInfinera (INFN) Scheduled to Post Quarterly Earnings on WednesdayApril 26, 2023 | seekingalpha.comInfinera: Several Long-Term CatalystsApril 22, 2023 | americanbankingnews.comInfinera Co. (NASDAQ:INFN) Receives $9.21 Consensus Price Target from BrokeragesApril 19, 2023 | finance.yahoo.comInfinera to Announce Fiscal First Quarter 2023 Financial Results on May 3, 2023See More Headlines INFN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart INFN Company Calendar Last Earnings5/03/2023Today6/07/2023Next Earnings (Estimated)7/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Telephone & telegraph apparatus Sub-IndustryCommunications Equipment SectorComputer and Technology Current SymbolNASDAQ:INFN CUSIP45667G10 CIK1138639 Webwww.infinera.com Phone(408) 572-5200Fax302-636-5454Employees3,267Year Founded2000Price Target and Rating Average Stock Price Forecast$8.50 High Stock Price Forecast$15.00 Low Stock Price Forecast$6.00 Forecasted Upside/Downside+80.1%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.21) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-76,040,000.00 Net Margins-2.62% Pretax Margin-1.53% Return on Equity-9.66% Return on Assets-0.92% Debt Debt-to-Equity Ratio3.55 Current Ratio1.69 Quick Ratio1.04 Sales & Book Value Annual Sales$1.57 billion Price / Sales0.68 Cash Flow$0.31 per share Price / Cash Flow15.41 Book Value$0.82 per share Price / Book5.76Miscellaneous Outstanding Shares225,620,000Free Float222,954,000Market Cap$1.06 billion OptionableOptionable Beta1.43 Social Links Key ExecutivesDavid W. HeardChief Executive Officer & DirectorCraig S. CocchiSenior Vice President-Global OperationsNancy Louise ErbaChief Financial OfficerDavid F. WelchDirector & Chief Innovation OfficerAlexander DerechoSenior Vice President-Global ServicesKey CompetitorsNETGEARNASDAQ:NTGRClearfieldNASDAQ:CLFDAudioCodesNASDAQ:AUDCFabrinetNYSE:FNIESNASDAQ:IESCView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 2,122 shares on 5/26/2023Ownership: 0.010%David W HeardBought 6,000 shares on 5/22/2023Total: $29,700.00 ($4.95/share)JPMorgan Chase & Co.Bought 172,597 shares on 5/18/2023Ownership: 0.315%New York State Common Retirement FundSold 27,647 shares on 5/18/2023Ownership: 0.045%Jane Street Group LLCSold 7,500 shares on 5/16/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions INFN Stock - Frequently Asked Questions Should I buy or sell Infinera stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last twelve months. There are currently 1 sell rating, 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" INFN shares. View INFN analyst ratings or view top-rated stocks. What is Infinera's stock price forecast for 2023? 5 Wall Street research analysts have issued 12 month price objectives for Infinera's shares. Their INFN share price forecasts range from $6.00 to $15.00. On average, they expect the company's stock price to reach $8.50 in the next year. This suggests a possible upside of 80.1% from the stock's current price. View analysts price targets for INFN or view top-rated stocks among Wall Street analysts. How have INFN shares performed in 2023? Infinera's stock was trading at $6.74 at the beginning of the year. Since then, INFN stock has decreased by 30.0% and is now trading at $4.72. View the best growth stocks for 2023 here. When is Infinera's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023. View our INFN earnings forecast. How were Infinera's earnings last quarter? Infinera Co. (NASDAQ:INFN) posted its quarterly earnings data on Wednesday, May, 3rd. The communications equipment provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. The communications equipment provider earned $392.08 million during the quarter, compared to the consensus estimate of $381.39 million. Infinera had a negative net margin of 2.62% and a negative trailing twelve-month return on equity of 9.66%. Infinera's quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm posted ($0.13) EPS. What ETFs hold Infinera's stock? ETFs with the largest weight of Infinera (NASDAQ:INFN) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), Invesco Dynamic Networking ETF (PXQ), SPDR S&P Telecom ETF (XTL), Defiance Next Gen Connectivity ETF (FIVG), First Trust Small Cap Growth AlphaDEX Fund (FYC), Invesco Nasdaq Future Gen 200 ETF (QQQS), First Trust Small Cap Core AlphaDEX Fund (FYX) and Pacer Data and Digital Revolution ETF (TRFK). What guidance has Infinera issued on next quarter's earnings? Infinera updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of -$0.08-$0.02 for the period, compared to the consensus EPS estimate of $0.02. The company issued revenue guidance of $355.00 million-$395.00 million, compared to the consensus revenue estimate of $400.53 million. What is David Heard's approval rating as Infinera's CEO? 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. What other stocks do shareholders of Infinera own? 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). What is Infinera's stock symbol? Infinera trades on the NASDAQ under the ticker symbol "INFN." Who are Infinera's major shareholders? Infinera's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (14.80%), Shapiro Capital Management LLC (6.65%), Brown Advisory Inc. (5.56%), Greenhouse Funds LLLP (3.57%), Barrow Hanley Mewhinney & Strauss LLC (2.30%) and Geode Capital Management LLC (1.67%). Insiders that own company stock include Christine Bucklin, David F Welch, David W Heard, George Andrew Riedel, Hooshmand Kambiz, Mark A Wegleitner, Michael H Fernicola, Michael H Fernicola, Nicholas Walden, Paul J Milbury and Thomas J Fallon. View institutional ownership trends. How do I buy shares of Infinera? 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. Compare Top Brokerages Here. What is Infinera's stock price today? One share of INFN stock can currently be purchased for approximately $4.72. How much money does Infinera make? Infinera (NASDAQ:INFN) has a market capitalization of $1.06 billion and generates $1.57 billion in revenue each year. The communications equipment provider earns $-76,040,000.00 in net income (profit) each year or ($0.21) on an earnings per share basis. How many employees does Infinera have? The company employs 3,267 workers across the globe. Does Infinera have any subsidiaries? The following companies are subsidiares of Infinera: Big Bear Networks, Coriant, Infinera Optical Holding Inc. (Delaware), Infinera Optical Networks Inc. (Delaware), International Telecom Holdings S.à r.l. (Luxembourg), Tellabs Enterprises B.V. (Netherlands), Tellabs Holdings B.V. (Netherlands), Transmode AB, Transmode Systems AB (Sweden), and Xieon Networks S.a.r.l. (Luxembourg).Read More How can I contact Infinera? Infinera's mailing address is 140 CASPIAN COURT, SUNNYVALE CA, 94089. The official website for the company is www.infinera.com. The communications equipment provider can be reached via phone at (408) 572-5200, via email at jhustis@infinera.com, or via fax at 302-636-5454. This page (NASDAQ:INFN) was last updated on 6/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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