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NASDAQ:INFN

Infinera (INFN) Stock Forecast, Price & News

$4.17
+0.16 (+3.99%)
(As of 01:49 PM ET)
Compare
Today's Range
$4.03
▼
$4.24
50-Day Range
$3.69
▼
$4.74
52-Week Range
$3.62
▼
$7.80
Volume
856,948 shs
Average Volume
2.52 million shs
Market Capitalization
$946.26 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.72
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Infinera MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
61.2% Upside
$6.72 Price Target
Short Interest
Bearish
19.47% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.93mentions of Infinera in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$25,350 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.16) to $0.10 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.28 out of 5 stars

Computer And Technology Sector

297th out of 599 stocks

Telephone & Telegraph Apparatus Industry

4th out of 11 stocks

See Top Rated MarketRank™ Stocks Here

INFN stock logo

About Infinera (NASDAQ:INFN) Stock

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms. It also offers Infinera XTM series, a packet-optical transport platform that enables metro connectivity solutions; Infinera XTC series, a multi-terabit packet optical transport platforms that integrates digital OTN switching and optical DWDM transmission; Infinera mTera series, a network transport solution; and Infinera XT series, a platform that is designed to power cloud scale network services over metro, DCI, long-haul, and subsea networks. In addition, the company provides Infinera Cloud Xpress Family that is designed to meet the needs of internet content providers (ICPs), communication service providers, internet exchange service providers, enterprises, and other large-scale data center operators; and ICE-X Coherent Pluggable Optics. It also offers Infinera Transcend software suite; and system software and customer support services. The company serves telecommunications service providers, ICPs, cable providers, wholesale carriers, research and education institutions, large enterprises, and government entities. It markets and sells its products and related support services primarily through its direct sales force. The company was formerly known as Zepton Networks. Infinera Corporation was incorporated in 2000 and is headquartered in San Jose, California.

INFN Price History

INFN Stock News Headlines

September 29, 2023 | americanbankingnews.com
Infinera (NASDAQ:INFN) Receives New Coverage from Analysts at Stifel Nicolaus
September 28, 2023 | markets.businessinsider.com
Expert Ratings for Infinera
September 29, 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.
September 28, 2023 | finance.yahoo.com
Infinera Provides Allo Technology ICE-X and XTM Solutions for Nationwide Network in Malaysia
September 28, 2023 | seekingalpha.com
Ciena, Infinera rise as Stifel starts coverage with buy rating
September 26, 2023 | finance.yahoo.com
Infinera and Sumitomo Electric First to Demonstrate High-speed Business Services over 10G-EPON Infrastructure with ICE-X Coherent Pluggable Optics
September 25, 2023 | stockhouse.com
Asia Direct Cable Consortium Selects Infinera's ICE6 800G Solution for New Advanced Submarine Routes in APAC
September 25, 2023 | finance.yahoo.com
Asia Direct Cable Consortium Selects Infinera’s ICE6 800G Solution for New Advanced Submarine Routes in APAC
September 29, 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.
September 23, 2023 | finance.yahoo.com
Goldman On Optical Stocks: Infinera And Lumentum Upgraded, Ciena Downgraded
September 12, 2023 | finance.yahoo.com
Infinera Announces Suite of ICE-X Coherent Pluggables and Compound Semiconductor Components to Comply with Buy America Requirements
September 11, 2023 | finance.yahoo.com
NETGEAR, Inc. (NTGR) Stock Jumps 5.5%: Will It Continue to Soar?
August 30, 2023 | finance.yahoo.com
Infinera’s Transcend Open Wave Manager Receives Telecom Infra Project Award
August 29, 2023 | finance.yahoo.com
Web Hosting Provider IONOS Deploys Infinera’s GX Compact Modular Solution for High-Performance Data Center Connectivity
August 28, 2023 | finance.yahoo.com
Should You Hold Infinera (INFN)?
August 21, 2023 | finance.yahoo.com
Infinera to Present at the Rosenblatt Virtual Technology Summit on August 23, 2023
August 14, 2023 | finance.yahoo.com
LightRiver and Infinera to Showcase the Power of Next-Gen Coherent Pluggables in Delivering High-speed Business Services in Multi-Vendor Networks
August 11, 2023 | msn.com
Jefferies Upgrades Infinera (INFN)
August 11, 2023 | msn.com
Rosenblatt Maintains Infinera (INFN) Buy Recommendation
August 11, 2023 | finance.yahoo.com
Why Infinera Rallied Today
August 10, 2023 | markets.businessinsider.com
What 5 Analyst Ratings Have To Say About Infinera
August 10, 2023 | finance.yahoo.com
Q2 2023 Infinera Corp Earnings Call
August 10, 2023 | seekingalpha.com
Infinera Corporation 2023 Q2 - Results - Earnings Call Presentation
August 10, 2023 | finance.yahoo.com
Infinera (INFN) Reports Break-Even Earnings for Q2
August 10, 2023 | finance.yahoo.com
Infinera (INFN) Q2 2023 Earnings Call Transcript
August 9, 2023 | markets.businessinsider.com
Infinera Corp. Q2 Earnings Summary
August 9, 2023 | finance.yahoo.com
Infinera Corporation Reports Second Quarter 2023 Financial Results
See More Headlines
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INFN Company Calendar

Last Earnings
8/09/2023
Today
9/29/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Telephone & telegraph apparatus
Sub-Industry
Communications Equipment
Sector
Computer and Technology
Current Symbol
NASDAQ:INFN
CUSIP
45667G10
CIK
1138639
Web
www.infinera.com
Phone
(408) 572-5200
Fax
302-636-5454
Employees
3,267
Year Founded
2000

Price Target and Rating

Average Stock Price Forecast
$6.72
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$4.60
Forecasted Upside/Downside
+67.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.04)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-76,040,000.00
Net Margins
-0.43%
Pretax Margin
0.71%
Return on Equity
-3.26%
Return on Assets
-0.33%

Debt

Debt-to-Equity Ratio
4.04
Current Ratio
1.68
Quick Ratio
1.00

Sales & Book Value

Annual Sales
$1.64 billion
Price / Sales
0.55
Cash Flow
$0.32 per share
Price / Cash Flow
12.43
Book Value
$0.82 per share
Price / Book
4.89

Miscellaneous

Outstanding Shares
226,924,000
Free Float
224,246,000
Market Cap
$909.97 million
Optionable
Optionable
Beta
1.41

Social Links

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Key Executives

  • Mr. David W. Heard (Age 55)
    CEO & Director
    Comp: $1.41M
  • Dr. David F. Welch Ph.D. (Age 62)
    Co-Founder, Chief Innovation Officer & Director
    Comp: $225.27k
  • Ms. Nancy L. Erba (Age 56)
    Chief Financial Officer
    Comp: $811.45k
  • Mr. David L. Teichmann (Age 66)
    Chief Legal Officer & Corp. Sec.
    Comp: $544.08k
  • Mr. Nicholas R. WaldenMr. Nicholas R. Walden (Age 51)
    Sr. VP of Worldwide Sales
    Comp: $671.24k
  • Mr. Craig S. Cocchi (Age 58)
    Sr. VP of Global Operations
  • Mr. Michael H. Fernicola (Age 51)
    Chief Accounting Officer
  • Mr. Amitabh Passi
    Head of Investor Relations
  • Mr. Russ Esmacher
    Sr. VP of Strategy, Marketing & Corp. Devel.
  • Mr. Brett Hooper (Age 59)
    Chief HR Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













INFN Stock - Frequently Asked Questions

Should I buy or sell Infinera stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last twelve months. 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.
View INFN analyst ratings or view top-rated stocks.

What is Infinera's stock price forecast for 2023?

5 equities research analysts have issued 12 month price objectives for Infinera's stock. Their INFN share price forecasts range from $4.60 to $10.00. On average, they predict the company's share price to reach $6.72 in the next twelve months. This suggests a possible upside of 67.6% 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 start of the year. Since then, INFN stock has decreased by 40.5% and is now trading at $4.01.
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 Wednesday, November 1st 2023.
View our INFN earnings forecast.

How were Infinera's earnings last quarter?

Infinera Co. (NASDAQ:INFN) released its earnings results on Wednesday, August, 9th. The communications equipment provider reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. The communications equipment provider earned $376.23 million during the quarter, compared to analysts' expectations of $377.05 million. Infinera had a negative trailing twelve-month return on equity of 3.26% and a negative net margin of 0.43%.

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).SPDR S&P Telecom ETF (XTL).

What guidance has Infinera issued on next quarter's earnings?

Infinera issued an update on its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided EPS guidance of -$0.06-$0.02 for the period, compared to the consensus EPS estimate of $0.06. The company issued revenue guidance of $361.00 million-$391.00 million, compared to the consensus revenue estimate of $426.67 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."

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 $4.01.

How much money does Infinera make?

Infinera (NASDAQ:INFN) has a market capitalization of $909.97 million and generates $1.64 billion in revenue each year. The communications equipment provider earns $-76,040,000.00 in net income (profit) each year or ($0.04) 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 9/29/2023 by MarketBeat.com Staff

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