Infinera Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Infinera stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INFN, but not buy additional shares or sell existing shares.
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6 Wall Street research analysts have issued 12-month price targets for Infinera's shares. Their INFN stock forecasts range from $9.00 to $15.00. On average, they anticipate Infinera's share price to reach $10.57 in the next twelve months. This suggests a possible upside of 93.3% from the stock's current price.
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Infinera's stock was trading at $9.59 at the beginning of the year. Since then, INFN stock has decreased by 43.0% and is now trading at $5.47.
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Infinera is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
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Infinera Co. (NASDAQ:INFN) issued its earnings results on Tuesday, May, 3rd. The communications equipment provider reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by $0.03. The communications equipment provider had revenue of $338.90 million for the quarter, compared to analysts' expectations of $362.60 million. Infinera had a negative trailing twelve-month return on equity of 23.37% and a negative net margin of 11.47%. Infinera's revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.08) EPS.
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Infinera updated its second quarter 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $330.00 million-$370.00 million, compared to the consensus revenue estimate of $379.93 million.

5 employees have rated Infinera CEO David Heard on Glassdoor.com. David Heard has an approval rating of 68% among Infinera's employees.

Some companies that are related to Infinera include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), F5 (FFIV), Juniper Networks (JNPR), Ciena (CIEN), Calix (CALX), Viasat (VSAT), InterDigital (IDCC), EchoStar (SATS), Extreme Networks (EXTR), ADTRAN (ADTN), Harmonic (HLIT) and Digi International (DGII).
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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 number of institutional and retail investors. Top institutional shareholders include Shapiro Capital Management LLC (5.85%), Brown Advisory Inc. (4.17%), Gilder Gagnon Howe & Co. LLC (2.83%), Dimensional Fund Advisors LP (1.78%), Bank of America Corp DE (1.71%) and Victory Capital Management Inc. (1.51%). Company insiders that own Infinera 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, Oaktree Fund Gp, Llc, Optical Holdings LP Oaktree, Paul J Milbury and Thomas J Fallon.
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INFN stock was sold by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, Picton Mahoney Asset Management, Renaissance Technologies LLC, Gilder Gagnon Howe & Co. LLC, Connor Clark & Lunn Investment Management Ltd., Russell Investments Group Ltd., UBS Group AG, and Royce & Associates LP. Company insiders that have sold Infinera company stock in the last two years include Christine Bucklin, David F Welch, Hooshmand Kambiz, Mark A Wegleitner, Michael H Fernicola, Nicholas Walden, Paul J Milbury, and Thomas J Fallon.
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INFN stock was acquired by a variety of institutional investors in the last quarter, including Shapiro Capital Management LLC, Bank of America Corp DE, Victory Capital Management Inc., Nomura Holdings Inc., Dimensional Fund Advisors LP, Duality Advisers LP, PDT Partners LLC, and First Eagle Investment Management LLC. Company insiders that have bought Infinera stock in the last two years include David W Heard, and George Andrew Riedel.
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Shares of INFN 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 $5.47.

Infinera (NASDAQ:INFN) has a market capitalization of $1.18 billion and generates $1.43 billion in revenue each year. The communications equipment provider earns $-170.78 million in net income (profit) each year or ($0.790010) on an earnings per share basis.

Infinera employs 3,225 workers across the globe.

Infinera was founded in 2000.

Infinera's mailing address is 140 CASPIAN COURT, SUNNYVALE CA, 94089. The official website for Infinera is www.infinera.com. The communications equipment provider can be reached via phone at (408) 572-5200, via email at [email protected], or via fax at 302-636-5454.