Infinera Corporation Company Profile (NASDAQ:INFN)

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

Infinera Corporation (NASDAQ:INFN) issued its earnings results on Thursday, May, 4th. The company reported ($0.15) earnings per share for the quarter, hitting the Zacks' consensus estimate of ($0.15). The firm earned $175.50 million during the quarter, compared to analyst estimates of $172.62 million. Infinera Corporation had a negative net margin of 9.54% and a negative return on equity of 4.94%. Infinera Corporation's revenue for the quarter was down 28.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 earnings per share. View Infinera Corporation's Earnings History.

Infinera Corporation is scheduled to release their next quarterly earnings announcement on Thursday, August, 3rd 2017. View Earnings Estimates for Infinera Corporation.

Infinera Corporation issued an update on its second quarter earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $(0.19)-(0.15) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.11). The company issued revenue guidance of $175-185 million, compared to the consensus revenue estimate of $189.94 million.

17 equities research analysts have issued 1 year price targets for Infinera Corporation's shares. Their predictions range from $7.00 to $15.00. On average, they expect Infinera Corporation's stock price to reach $11.58 in the next year. View Analyst Ratings for Infinera Corporation.

Here are some recent quotes from research analysts about Infinera Corporation stock:

• 1. According to Zacks Investment Research, "Infinera provides Digital Optical Networking systems to telecommunications carriers, cable operators and other service providers worldwide. Infinera's large-scale photonic integrated circuit incorporates hundred Gigabits per second of transmit and receive capacity and the functionality of more than sixty discrete optical components into a pair of indium phosphide chips. Infinera's DTN system and PIC technology are designed to provide optical networks that provide operating simplicity, enhanced revenue generation, faster time-to-service and capital cost savings. " (7/12/2017)
• 2. Deutsche Bank AG analysts commented, "We hosted INFN's CFO, Head of Metro Business, and IR in a multi-city NDR in Europe earlier this week. Highlights:. Management stuck to their narrative of a gradual FY17+ rebound in INFN's fundamental growth story (~$12B FY20 TAM ex China; 19% CAGR), while acknowledging a highly competitive market in US Cloud and Metro Optical." (3/20/2017)
• 3. Instinet analysts commented, "1Q guidance was in line with to below consensus estimates'disappointing, given that it was INFN's fourth straight guide down and 4Q ended up fine. However, strengthening in Europe/webscale and a solidifying product roadmap lend visibility to sequential growth through 2017. We lift our low-end estimates, raise our target price to $15, and upgrade our rating to Buy." (2/10/2017)
• 4. Citigroup Inc. analysts commented, "Shares are down 50 percent YTD, yet additional margin pressure from its aggressive pursuit of new Metro deals and R&D spend means yet another leg down in earnings, with limited visibility until 2H'17. Our $8 PT is equivalent to discounting back a 14x PE on $0.64 FY18 EPS which we believe reflects INFN's recent PE and more 'normalized' margins." (8/25/2016)

Infinera Corporation saw a decline in short interest in the month of July. As of July 14th, there was short interest totalling 20,586,372 shares, a decline of 5.2% from the June 30th total of 21,716,434 shares. Based on an average trading volume of 1,193,483 shares, the short-interest ratio is currently 17.2 days. Approximately 14.4% of the shares of the stock are sold short.

Some companies that are related to Infinera Corporation include Belden (BDC), Finisar Corporation (FNSR), InterDigital (IDCC), Viavi Solutions (VIAV), West Corporation (WSTC), Applied Optoelectronics (AAOI), Plantronics (PLT), Acacia Communications (ACIA), Oclaro (OCLR), ADTRAN (ADTN), Sierra Wireless (SWIR), Spirent Communications Plc (SPT), Vocera Communications (VCRA), Comtech Telecommunications Corp. (CMTL), Sonus Networks (SONS), Calix (CALX), Harmonic (HLIT) and EMCORE Corporation (EMKR).

Infinera Corporation's management team includes the folowing people:

• Kambiz Y. Hooshmand, Independent Chairman of the Board
• David F. Welch Ph.D., President, Director
• Thomas J. Fallon, Chief Executive Officer, Director
• Brad D. Feller, Chief Financial Officer
• James L. Laufman, Senior Vice President, General Counsel, Corporate Secretary
• Robert J. Jandro, Senior Vice President - Worldwide Sales
• John P. Daane, Independent Director
• Marcel Gani, Independent Director
• Paul J. Milbury, Independent Director
• Rajal M. Patel, Independent Director

Infinera Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (3.39%), Tributary Capital Management LLC (0.11%), Russell Investments Group Ltd. (0.08%), Public Employees Retirement Association of Colorado (0.02%), Harbour Capital Advisors LLC (0.01%) and Contravisory Investment Management Inc. (0.01%). Company insiders that own Infinera Corporation stock include Brad Feller, David F Welch, James Laufman, John Daane, Marcel Gani and Thomas J Fallon. View Institutional Ownership Trends for Infinera Corporation.

Infinera Corporation's stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Creative Planning and Aperio Group LLC. View Insider Buying and Selling for Infinera Corporation.

Infinera Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Tributary Capital Management LLC, Contravisory Investment Management Inc., Harbour Capital Advisors LLC, Quantitative Systematic Strategies LLC, First National Bank of Omaha, US Bancorp DE and Independent Portfolio Consultants Inc.. Company insiders that have bought Infinera Corporation stock in the last two years include Brad Feller, John Daane, Marcel Gani and Thomas J Fallon. View Insider Buying and Selling for Infinera Corporation.

Shares of Infinera Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Infinera Corporation stock can currently be purchased for approximately $12.10.