Infinera (INFN) Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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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.

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).

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.

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 trades on the NASDAQ under the ticker symbol "INFN."

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.
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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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One share of INFN stock can currently be purchased for approximately $4.72.

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.

The company employs 3,267 workers across the globe.

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.