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NASDAQ:INFN

Infinera Stock Forecast, Price & News

$6.21
-0.03 (-0.48 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$6.16
Now: $6.21
$6.38
50-Day Range
$6.00
MA: $7.38
$8.95
52-Week Range
$3.68
Now: $6.21
$9.25
Volume2.96 million shs
Average Volume2.70 million shs
Market Capitalization$1.16 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.01
Infinera Corporation provides optical transport networking equipment and software and services worldwide. The company's product portfolio consists of Infinera DTN-X Family of terabit-class transport network platforms, including the XTC Series, XTS Series, and XT Series; Infinera DTN-X XTC series multi-terabit packet optical transport platforms that integrate digital OTN switching and optical WDM transmission; and Infinera DTN-X XT series for terrestrial applications and XTS series for subsea applications. It also provides Infinera hiT 7300, mTera Series, 7100 Series, 7090 Family, and 8600 Series; Infinera XTM Series packet-optical transport platform that enables high-performance metro networks with service-aware, application-specific capabilities; Infinera Groove G30; and Infinera Cloud Xpress Family designed to meet the varying needs of ICPs, communication service providers, Internet exchange service providers, enterprises, and other large-scale data center operators. In addition, the company offers Infinera FlexILS open line system platform that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels. Further, it provides transcend software suite; Infinera CNOS, a hardware-independent network operating system; and a range of support services for all hardware and software products. The company also serves telecommunications service providers, Internet content providers, cable providers, wholesale and enterprise carriers, research and education institutions, enterprise customers, 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 founded in 2000 and is headquartered in Sunnyvale, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.71 out of 5 stars


Industry, Sector and Symbol

Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
Current SymbolNASDAQ:INFN
CUSIP45667G10
Phone408-572-5200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.30 billion
Book Value$2.14 per share

Profitability

Net Income$-386,620,000.00

Miscellaneous

Employees3,261
Market Cap$1.16 billion
Next Earnings Date11/10/2020 (Estimated)
OptionableOptionable
$6.21
-0.03 (-0.48 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Infinera (NASDAQ:INFN) Frequently Asked Questions

How has Infinera's stock been impacted by COVID-19?

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 shares have increased by 41.8% and is now trading at $6.21.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Infinera?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last year. There are currently 3 sell ratings, 4 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Infinera
.

When is Infinera's next earnings date?

Infinera is scheduled to release its next quarterly earnings announcement on Tuesday, November 10th 2020.
View our earnings forecast for Infinera
.

How were Infinera's earnings last quarter?

Infinera Corp. (NASDAQ:INFN) announced its earnings results on Wednesday, August, 5th. The communications equipment provider reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.14) by $0.05. The communications equipment provider had revenue of $331.59 million for the quarter, compared to analyst estimates of $316.51 million. Infinera had a negative net margin of 22.76% and a negative return on equity of 34.82%.
View Infinera's earnings history
.

What guidance has Infinera issued on next quarter's earnings?

Infinera updated its third quarter 2020 After-Hours earnings guidance on Wednesday, August, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $325-345 million, compared to the consensus revenue estimate of $331.47 million.

What price target have analysts set for INFN?

15 equities research analysts have issued 12-month target prices for Infinera's shares. Their forecasts range from $3.00 to $15.00. On average, they expect Infinera's share price to reach $8.08 in the next twelve months. This suggests a possible upside of 30.1% from the stock's current price.
View analysts' price targets for Infinera
.

Are investors shorting Infinera?

Infinera saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 29,980,000 shares, an increase of 8.2% from the July 30th total of 27,720,000 shares. Based on an average trading volume of 3,650,000 shares, the short-interest ratio is presently 8.2 days.
View Infinera's Short Interest
.

Who are some of Infinera's key competitors?

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), Chipotle Mexican Grill (CMG), Micron Technology (MU), Athabasca Oil (ATH), NIC (EGOV), Starbucks (SBUX), Aegean Marine Petroleum Network (ANW) and Advanced Micro Devices (AMD).

Who are Infinera's key executives?

Infinera's management team includes the following people:
  • Mr. Thomas J. Fallon, CEO & Director (Age 57)
  • Dr. David F. Welch, Founder, Chief Innovation Officer & Director (Age 58)
  • Mr. Brad D. Feller, Chief Financial Officer (Age 45)
  • Mr. David W. Heard, Chief Operating Officer (Age 51)
  • Mr. Robert J. Jandro, Sr. VP of Worldwide Sales (Age 64)

What is Infinera's stock symbol?

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

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 (14.96%), Vanguard Group Inc. (8.36%), Greenhouse Funds LLLP (4.12%), Neuberger Berman Group LLC (2.40%), Victory Capital Management Inc. (1.93%) and Bank of America Corp DE (1.76%). Company insiders that own Infinera stock include Brad Feller, David F Welch, David W Heard, Marcel Gani, Michael H Fernicola, Oaktree Fund Gp, Llc, Optical Holdings LP Oaktree, Paul J Milbury, Robert J Jandro and Thomas J Fallon.
View institutional ownership trends for Infinera
.

Which institutional investors are selling Infinera stock?

INFN stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Teton Advisors Inc., Bank of New York Mellon Corp, Nuveen Asset Management LLC, Formula Growth Ltd., Neuberger Berman Group LLC, California Public Employees Retirement System, and Two Sigma Advisers LP. Company insiders that have sold Infinera company stock in the last year include David F Welch, Michael H Fernicola, and Paul J Milbury.
View insider buying and selling activity for Infinera
.

Which institutional investors are buying Infinera stock?

INFN stock was bought by a variety of institutional investors in the last quarter, including Greenhouse Funds LLLP, Point72 Asset Management L.P., FMR LLC, Zweig DiMenna Associates LLC, Jacobs Levy Equity Management Inc., First Trust Advisors LP, Paradigm Capital Management Inc. NY, and Victory Capital Management Inc.. 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
.

How do I buy shares of 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.

What is Infinera's stock price today?

One share of INFN stock can currently be purchased for approximately $6.21.

How big of a company is Infinera?

Infinera has a market capitalization of $1.16 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.

What is Infinera's official website?

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

How can I contact Infinera?

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]

This page was last updated on 9/20/2020 by MarketBeat.com Staff

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