NASDAQ:INFNInfinera Stock Price, Forecast & News

Infinera's stock was trading at $4.38 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, INFN stock has increased by 38.9% and is now trading at $6.0850. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last year. There are currently 2 sell ratings, 6 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Infinera.

Infinera is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Infinera.

Infinera Corp. (NASDAQ:INFN) announced its quarterly earnings results on Tuesday, May, 12th. The communications equipment provider reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.18) by $0.09. The communications equipment provider had revenue of $330.27 million for the quarter, compared to analyst estimates of $318.31 million. Infinera had a negative net margin of 27.26% and a negative return on equity of 37.47%. The company's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.23) earnings per share. View Infinera's earnings history.

Infinera issued an update on its second quarter 2020 After-Hours earnings guidance on Tuesday, May, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $310-330 million, compared to the consensus revenue estimate of $329.31 million.

15 equities research analysts have issued 1 year price targets for Infinera's shares. Their forecasts range from $3.00 to $9.50. On average, they expect Infinera's share price to reach $6.53 in the next twelve months. This suggests a possible upside of 7.3% from the stock's current price. View analysts' price targets for Infinera.

News articles about INFN stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Infinera earned a news sentiment score of -1.5 on InfoTrie's scale. They also assigned news articles about the communications equipment provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about Infinera.

Some companies that are related to Infinera include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), F5 Networks (FFIV), Ciena (CIEN), Juniper Networks (JNPR), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Calix (CALX), NetGear (NTGR), Plantronics (PLT), Ribbon Communications (RBBN) and ADTRAN (ADTN). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Infinera investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Micron Technology (MU), Starbucks (SBUX), Aegean Marine Petroleum Network (ANW) and Continental Resources (CLR).

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

Infinera's stock is owned by many different institutional and retail investors. Top institutional investors include Acorn Financial Advisory Services Inc. ADV (0.06%), Envestnet Asset Management Inc. (0.03%) and Harel Insurance Investments & Financial Services Ltd. (0.02%). Company insiders that own Infinera stock include Brad Feller, David W Heard, Marcel Gani, Oaktree Fund Gp, Llc, Optical Holdings LP Oaktree, Robert J Jandro and Thomas J Fallon. View institutional ownership trends for Infinera.

INFN stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. View insider buying and selling activity for Infinera.

INFN stock was bought by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd., and Acorn Financial Advisory Services Inc. ADV. Company insiders that have bought Infinera stock in the last two years include Brad Feller, David W Heard, Marcel Gani, Oaktree Fund Gp, Llc, Optical Holdings LP Oaktree, Robert J Jandro, and Thomas J Fallon. View insider buying and selling activity for Infinera.

Shares of INFN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of INFN stock can currently be purchased for approximately $6.09.

Infinera has a market capitalization of $1.14 billion and generates $1.30 billion in revenue each year. The communications equipment provider earns $-386,620,000.00 in net income (profit) each year or ($0.83) on an earnings per share basis. Infinera employs 3,261 workers across the globe.

The official website for Infinera is www.infinera.com.

Infinera's mailing address is 140 CASPIAN COURT, SUNNYVALE CA, 94089. The communications equipment provider can be reached via phone at 408-572-5200 or via email at [email protected]