Infinera Corporation provides optical transport networking solutions, 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 XTM Series packet-optical transport platform that enables high-performance metro networks with service-aware, application-specific capabilities; 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 software solutions, including Xceed Software Suite that address long-haul, subsea, and metro networks, as well as 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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
SectorComputer and Technology
SymbolNASDAQ:INFN
CUSIP45667G10
Phone408-572-5200
Debt
Debt-to-Equity RatioN/A
Current Ratio2.22
Quick Ratio1.31
Price-To-Earnings
Trailing P/E Ratio-10.45
Forward P/E Ratio-25.82
P/E GrowthN/A
Sales & Book Value
Annual Sales$740.74 million
Price / Sales1.81
Cash FlowN/A
Price / CashN/A
Book Value$4.46 per share
Price / Book1.97
Profitability
EPS (Most Recent Fiscal Year)($0.83)
Net Income$-194,500,000.00
Net Margins-19.95%
Return on Equity-13.09%
Return on Assets-8.08%
Miscellaneous
Employees2,145
Outstanding Shares152,990,000
Market Cap$1.32 billion
Infinera (NASDAQ:INFN) Frequently Asked Questions
What is Infinera's stock symbol?
Infinera trades on the NASDAQ under the ticker symbol "INFN."
How were Infinera's earnings last quarter?
Infinera Corp. (NASDAQ:INFN) issued its quarterly earnings data on Tuesday, August, 7th. The communications equipment provider reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The communications equipment provider earned $208.23 million during the quarter, compared to the consensus estimate of $208.96 million. Infinera had a negative net margin of 19.95% and a negative return on equity of 13.09%. During the same period in the prior year, the firm posted ($0.15) earnings per share. View Infinera's Earnings History.
When is Infinera's next earnings date?
What guidance has Infinera issued on next quarter's earnings?
Infinera issued an update on its third quarter earnings guidance on Tuesday, August, 7th. The company provided EPS guidance of ($0.05)-$0.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.02). The company issued revenue guidance of $200-$220 million, compared to the consensus revenue estimate of $209.59 million.
What price target have analysts set for INFN?
17 Wall Street analysts have issued 1 year price targets for Infinera's stock. Their forecasts range from $8.00 to $14.00. On average, they expect Infinera's share price to reach $11.0667 in the next year. This suggests a possible upside of 26.0% from the stock's current price. View Analyst Price Targets for Infinera.
What is the consensus analysts' recommendation for Infinera?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last year. There are currently 2 sell ratings, 8 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.
What are Wall Street analysts saying about Infinera stock?
Here are some recent quotes from research analysts about Infinera 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. " (8/14/2018)
- 2. William Blair analysts commented, "We believe there are three factors driving concern with investors, including: 1) pricing pressure, 2) deceleration of cable expected in second half of 2018, and 3) potential consolidation of European customer base. We believe the sell-off today is overdone and recommend that investors take advantage. We believe the valuation remains attractive at 1.5 times 2019 EV/sales, given above-market growth rate, the new product cycle ramp-up, and margin expansion opportunity . Shares trade below their three- year forward EV/sales average of 1.8 times." (5/10/2018)
- 3. Rosenblatt Securities analysts commented, "We view INFN as a highly focused company in a promising segment within broader challenged networking industry experiencing disruption. INFN has es- tablished itself as a global industry leader in two of the three markets in which it competes. The company has a successful, but inconsistent track record in both sales and product development of optical systems, often experiencing strong product cycles around customer wins and innovation cycles, including its current market position in 1Q18. While much of the broad telecom industry is experiencing flat to declining spending, optical transport is increasingly garner- ing increased wallet share among service providers (SPs) as well as hyperscale cloud builders." (4/16/2018)
- 4. Drexel Hamilton analysts commented, "We are resuming coverage of INFN with a Buy rating and a 12-month target of $13.00. In our view, INFN has successfully navigated the challenges posed by an aging product portfolio and lower customer capex spend, and now has all of the pieces to begin driving sustainable long-term revenue growth. Demand for the firm’s refreshed product portfolio is being well received thus far, with 1/3 of the company’s market covered by the two platforms. The remainder of products should begin rolling out during 1HFY into the service provider market." (3/21/2018)
Who are some of Infinera's key competitors?
Some companies that are related to Infinera include Ciena (CIEN), Plantronics (PLT), Avaya (AVYA), NetGear (NTGR), Telkom SA Ltd ADS Common Stock (TLKGY), Fabrinet (FN), ADTRAN (ADTN), AudioCodes (AUDC), Clearfield (CLFD), Akoustis Technologies (AKTS), DASAN Zhone Solutions (DZSI), Westell Technologies (WSTL), Zoom Telephonics (ZMTP), Communications Systems (JCS) and Sunworks (SUNW).
Who are Infinera's key executives?
Infinera's management team includes the folowing people:
- Mr. Thomas J. Fallon, CEO & Director (Age 56)
- Dr. David F. Welch, Co-Founder, Chief Strategy & Technology Officer and Director (Age 57)
- Mr. Brad D. Feller, Chief Financial Officer (Age 44)
- Mr. James L. Laufman, Sr. VP, Gen. Counsel & Corp. Sec. (Age 53)
- Mr. Robert J. Jandro, Sr. VP of Worldwide Sales (Age 63)
Has Infinera been receiving favorable news coverage?
News stories about INFN stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Infinera earned a media and rumor sentiment score of 0.05 on Accern's scale. They also gave news headlines about the communications equipment provider an impact score of 47.12 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. View Recent Headlines for Infinera.
Who are Infinera's major shareholders?
Infinera's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include FMR LLC (14.78%), Bank of New York Mellon Corp (9.13%), BlackRock Inc. (7.25%), Fisher Asset Management LLC (3.94%), Dimensional Fund Advisors LP (3.63%) and Eagle Asset Management Inc. (2.53%). Company insiders that own Infinera stock include David F Welch and Thomas J Fallon. View Institutional Ownership Trends for Infinera.
Which major investors are selling Infinera stock?
INFN stock was sold by a variety of institutional investors in the last quarter, including Gilder Gagnon Howe & Co. LLC, Aristotle Capital Boston LLC, Wells Fargo & Company MN, State of New Jersey Common Pension Fund D, Eagle Asset Management Inc., Renaissance Technologies LLC, Frontier Capital Management Co. LLC and FMR LLC. View Insider Buying and Selling for Infinera.
Which major investors are buying Infinera stock?
INFN stock was purchased by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, BlackRock Inc., Canada Pension Plan Investment Board, Bank of America Corp DE, Schwab Charles Investment Management Inc., Chicago Equity Partners LLC, Victory Capital Management Inc. and Point72 Asset Management L.P.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Infinera's stock price today?
One share of INFN stock can currently be purchased for approximately $8.78.
How big of a company is Infinera?
Infinera has a market capitalization of $1.32 billion and generates $740.74 million in revenue each year. The communications equipment provider earns $-194,500,000.00 in net income (profit) each year or ($0.83) on an earnings per share basis. Infinera employs 2,145 workers across the globe.
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]
MarketBeat Community Rating for Infinera (NASDAQ INFN)
MarketBeat's community ratings are surveys of what our community members think about Infinera and other stocks. Vote "Outperform" if you believe INFN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe INFN will underperform the S&P 500 over the long term. You may vote once every thirty days.
