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S&P 500   4,554.89
DOW   35,416.98
QQQ   390.19
Alibaba is down more than 10% since earnings, now what?
Secure your stake in the Smart Home industry. (Ad)
5 stocks for the Christmas wishlist: Hoping for a pullback
Teva Pharma is the way to play the re-rise of generic drugs
Secure your stake in the Smart Home industry. (Ad)
Lemonade nears breakout, short interest surges, analysts bearish
ULTA stock is setting up to swing for the fences
Secure your stake in the Smart Home industry. (Ad)
Get ready for Christmas shopping-sprees with these 2 winners
Li Auto smashes estimates proving EVs can be profitable
S&P 500   4,554.89
DOW   35,416.98
QQQ   390.19
Alibaba is down more than 10% since earnings, now what?
Secure your stake in the Smart Home industry. (Ad)
5 stocks for the Christmas wishlist: Hoping for a pullback
Teva Pharma is the way to play the re-rise of generic drugs
Secure your stake in the Smart Home industry. (Ad)
Lemonade nears breakout, short interest surges, analysts bearish
ULTA stock is setting up to swing for the fences
Secure your stake in the Smart Home industry. (Ad)
Get ready for Christmas shopping-sprees with these 2 winners
Li Auto smashes estimates proving EVs can be profitable
S&P 500   4,554.89
DOW   35,416.98
QQQ   390.19
Alibaba is down more than 10% since earnings, now what?
Secure your stake in the Smart Home industry. (Ad)
5 stocks for the Christmas wishlist: Hoping for a pullback
Teva Pharma is the way to play the re-rise of generic drugs
Secure your stake in the Smart Home industry. (Ad)
Lemonade nears breakout, short interest surges, analysts bearish
ULTA stock is setting up to swing for the fences
Secure your stake in the Smart Home industry. (Ad)
Get ready for Christmas shopping-sprees with these 2 winners
Li Auto smashes estimates proving EVs can be profitable

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

$3.96
-0.05 (-1.25%)
(As of 11/28/2023 ET)
Compare
Today's Range
$3.85
$4.01
50-Day Range
$2.87
$4.43
52-Week Range
$2.82
$7.80
Volume
1.40 million shs
Average Volume
2.51 million shs
Market Capitalization
$898.60 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.72

Infinera MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
69.7% Upside
$6.72 Price Target
Short Interest
Bearish
20.00% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.14) 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.

1.77 out of 5 stars

Computer And Technology Sector

464th out of 597 stocks

Telephone & Telegraph Apparatus Industry

10th out of 10 stocks


INFN stock logo

About Infinera Stock (NASDAQ:INFN)

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 Stock Price History

INFN Stock News Headlines

Secure your stake in the Smart Home industry.
Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.
Craig-Hallum Reaffirms Their Buy Rating on Infinera (INFN)
Infinera (INFN) Q3 2023 Earnings Call Transcript
Infinera Q3 Preliminary Results Above Street
Secure your stake in the Smart Home industry.
Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.
What Wall Street expects from Infinera's earnings
Expert Ratings for Infinera
See More Headlines
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Company Calendar

Last Earnings
5/03/2023
Today
11/28/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:INFN
CUSIP
45667G10
Employees
3,267
Year Founded
2000

Price Target and Rating

Average Stock Price Target
$6.72
High Stock Price Target
$10.00
Low Stock Price Target
$4.60
Potential Upside/Downside
+68.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$-76,040,000.00
Pretax Margin
0.71%

Debt

Sales & Book Value

Annual Sales
$1.57 billion
Cash Flow
$0.29 per share
Book Value
$0.82 per share

Miscellaneous

Free Float
224,246,000
Market Cap
$905.41 million
Optionable
Optionable
Beta
1.40

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Key Executives















INFN Stock Analysis - 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 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.
View INFN analyst ratings
or view top-rated stocks.

What is Infinera's stock price target for 2024?

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.
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 on January 1st, 2023. Since then, INFN stock has decreased by 41.2% and is now trading at $3.96.
View the best growth stocks for 2023 here
.

How were Infinera's earnings last quarter?

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.

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 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.

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).

Who are Infinera's major shareholders?

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.
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.

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
This page (NASDAQ:INFN) was last updated on 11/29/2023 by MarketBeat.com Staff

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