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About Infinera (NASDAQ:INFN)
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
Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
SectorComputer and Technology
SymbolNASDAQ:INFN
CUSIP45667G10
Phone408-572-5200
Debt
Debt-to-Equity RatioN/A
Current Ratio1.73
Quick Ratio1.18
Price-To-Earnings
Trailing P/E Ratio-12.16
Forward P/E Ratio-29.68
P/E GrowthN/A
Sales & Book Value
Annual Sales$740.74 million
Price / Sales2.06
Cash FlowN/A
Price / CashN/A
Book Value$4.44 per share
Price / Book2.27
Profitability
EPS (Most Recent Fiscal Year)($0.83)
Net Income$-194,500,000.00
Net Margins-23.48%
Return on Equity-15.84%
Return on Assets-9.59%
Miscellaneous
Employees2,145
Outstanding Shares151,280,000
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 Wednesday, May, 9th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.11) by $0.06. The communications equipment provider earned $202.70 million during the quarter, compared to the consensus estimate of $200.81 million. Infinera had a negative net margin of 23.48% and a negative return on equity of 15.84%. The firm's quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.15) EPS. View Infinera's Earnings History.
When is Infinera's next earnings date?
What guidance has Infinera issued on next quarter's earnings?
Infinera updated its second quarter earnings guidance on Wednesday, May, 9th. The company provided earnings per share guidance of ($0.07-0.03) for the period, compared to the Thomson Reuters consensus estimate of ($0.06). The company issued revenue guidance of $203-213 million, compared to the consensus revenue estimate of $206.03 million.
What price target have analysts set for INFN?
17 analysts have issued 12-month target prices for Infinera's stock. Their predictions range from $9.00 to $14.00. On average, they expect Infinera's stock price to reach $11.90 in the next year. 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. 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)
- 2. 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)
- 3. 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)
- 4. 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. " (2/13/2018)
Who are some of Infinera's key competitors?
Some companies that are related to Infinera include Ciena (CIEN), Plantronics (PLT), Avaya (AVYA), Telkom (TLKGY), Netgear (NTGR), Fabrinet (FN), ADTRAN (ADTN), AudioCodes (AUDC), Clearfield (CLFD), DASAN Zhone Solutions (DZSI), Akoustis Technologies (AKTS), Zoom Telephonics (ZMTP), ClearOne Communications (CLRO), Westell Technologies (WSTL) and Communications Systems (JCS).
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?
Media headlines about INFN stock have trended somewhat negative this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Infinera earned a media sentiment score of -0.08 on Accern's scale. They also assigned press coverage about the communications equipment provider an impact score of 44.43 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are Infinera's major shareholders?
Infinera's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.44%), Fisher Asset Management LLC (3.92%), Dimensional Fund Advisors LP (3.66%), Eagle Asset Management Inc. (2.63%), Neuberger Berman Group LLC (2.56%) and Frontier Capital Management Co. LLC (2.40%). Company insiders that own Infinera stock include Brad Feller, David F Welch, John Daane, Marcel Gani 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 JPMorgan Chase & Co., Eagle Boston Investment Management Inc., Platinum Investment Management Ltd., Russell Investments Group Ltd., Elk Creek Partners LLC, Fisher Asset Management LLC, Cortina Asset Management LLC and Wells Fargo & Company MN. View Insider Buying and Selling for Infinera.
Which institutional investors are buying Infinera stock?
INFN stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, BlackRock Inc., Royal Bank of Canada, A.R.T. Advisors LLC, Baird Financial Group Inc., Frontier Capital Management Co. LLC, Schwab Charles Investment Management Inc. and Comerica Bank. Company insiders that have bought Infinera stock in the last two years include Brad Feller, John Daane, Marcel Gani and Thomas J Fallon. 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 $10.09.
How big of a company is Infinera?
Infinera has a market capitalization of $1.53 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 (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.
Infinera (NASDAQ:INFN) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
17 Wall Street analysts have issued ratings and price targets for Infinera in the last 12 months. Their average twelve-month price target is $11.90, suggesting that the stock has a possible upside of 17.94%. The high price target for INFN is $14.00 and the low price target for INFN is $9.00. There are currently 9 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.53 | 2.60 | 2.69 | 2.60 |
| Ratings Breakdown: | 0 Sell Rating(s)
9 Hold Rating(s)
7 Buy Rating(s)
1 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $11.90 | $11.5769 | $11.2727 | $10.9583 |
| Price Target Upside: | 17.94% upside | 2.09% upside | 28.98% upside | 73.39% upside |
Infinera (NASDAQ:INFN) Consensus Price Target History
Infinera (NASDAQ:INFN) Analyst Ratings History
Show:
(Data available from 5/20/2016 forward)
Infinera (NASDAQ:INFN) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Infinera (NASDAQ INFN) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.90%
Institutional Ownership Percentage: 87.48%
Infinera (NASDAQ INFN) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/20/2018 | David F Welch | Insider | Sell | 149,093 | $10.03 | $1,495,402.79 | |  |
| 2/14/2018 | David F Welch | Insider | Sell | 80,000 | $9.14 | $731,200.00 | | |
| 2/12/2018 | David F Welch | Insider | Sell | 60,000 | $9.07 | $544,200.00 | | |
| 11/13/2017 | Thomas J Fallon | CEO | Buy | 100,000 | $6.33 | $633,000.00 | | |
| 10/2/2017 | David F Welch | President | Sell | 20,000 | $9.02 | $180,400.00 | | |
| 8/8/2017 | David F Welch | President | Sell | 20,000 | $9.29 | $185,800.00 | | |
| 7/19/2017 | David F Welch | President | Sell | 5,000 | $12.00 | $60,000.00 | | |
| 6/23/2017 | David F Welch | President | Sell | 40,000 | $12.09 | $483,600.00 | | |
| 8/2/2016 | Brad Feller | CFO | Buy | 20,000 | $8.60 | $172,000.00 | 109,586 | |
| 8/2/2016 | Marcel Gani | Director | Buy | 50,000 | $8.60 | $430,000.00 | 87,547 | |
| 8/1/2016 | John Daane | Director | Buy | 12,000 | $8.49 | $101,880.00 | 12,000 | |
| 8/1/2016 | Thomas J Fallon | CEO | Buy | 100,000 | $8.54 | $854,000.00 | | |
| 5/3/2016 | Brad Feller | CFO | Buy | 25,000 | $11.75 | $293,750.00 | 86,628 | |
| 5/3/2016 | Thomas J Fallon | CEO | Buy | 100,000 | $11.95 | $1,195,000.00 | | |
| 12/4/2015 | James Laufman | VP | Sell | 5,000 | $22.30 | $111,500.00 | 9,763 | |
| 11/2/2015 | Thomas J. Fallon | CEO | Sell | 200,000 | $19.85 | $3,970,000.00 | | |
| 6/5/2015 | Robert J Jandro | VP | Sell | 18,000 | $21.41 | $385,380.00 | | |
| 4/27/2015 | David F Welch | President | Sell | 30,000 | $20.40 | $612,000.00 | | |
| 4/24/2015 | Hooshmand Kambiz | Director | Sell | 100,000 | $19.38 | $1,938,000.00 | | |
| 4/24/2015 | Thomas J Fallon | CEO | Sell | 200,000 | $19.65 | $3,930,000.00 | | |
| 3/30/2015 | David F Welch | President | Sell | 30,000 | $19.56 | $586,800.00 | | |
| 3/16/2015 | David F Welch | President | Sell | 30,000 | $18.82 | $564,600.00 | | |
| 2/17/2015 | David F Welch | President | Sell | 30,000 | $17.35 | $520,500.00 | | |
| 1/27/2015 | Carl Redfield | Director | Sell | 50,000 | $16.52 | $826,000.00 | | |
| 1/27/2015 | Thomas J Fallon | CEO | Sell | 203,614 | $16.52 | $3,363,703.28 | | |
| 1/5/2015 | David F Welch | President | Sell | 30,000 | $14.39 | $431,700.00 | | |
| 12/22/2014 | David F Welch | President | Sell | 30,000 | $15.44 | $463,200.00 | | |
| 12/8/2014 | David F Welch | President | Sell | 30,000 | $14.45 | $433,500.00 | | |
| 11/24/2014 | David F Welch | President | Sell | 30,000 | $13.50 | $405,000.00 | | |
| 10/27/2014 | Carl Redfield | Director | Sell | 50,000 | $13.56 | $678,000.00 | | |
| 10/27/2014 | David F Welch | President | Sell | 82,500 | $13.51 | $1,114,575.00 | | |
| 10/27/2014 | Thomas J Fallon | CEO | Sell | 220,000 | $13.56 | $2,983,200.00 | | |
| 10/6/2014 | David F Welch | President | Sell | 15,000 | $10.42 | $156,300.00 | | |
| 9/22/2014 | David F Welch | President | Sell | 22,500 | $11.20 | $252,000.00 | | |
| 9/18/2014 | Thomas J Fallon | CEO | Sell | 150,000 | $11.43 | $1,714,500.00 | | |
| 9/8/2014 | David F Welch | President | Sell | 245,000 | $11.01 | $2,697,450.00 | | |
| 9/8/2014 | Hooshmand Kambiz | Director | Sell | 14,500 | $10.75 | $155,875.00 | | |
| 9/8/2014 | Thomas J Fallon | CEO | Sell | 20,000 | $11.00 | $220,000.00 | | |
| 8/26/2014 | David F Welch | President | Sell | 180,000 | $9.99 | $1,798,200.00 | | |
| 8/26/2014 | Paul J Milbury | Director | Sell | 25,000 | $10.41 | $260,250.00 | | |
| 8/12/2014 | David F Welch | President | Sell | 17,500 | $9.16 | $160,300.00 | | |
| 8/11/2014 | David F Welch | President | Sell | 7,500 | $9.25 | $69,375.00 | | |
| 7/29/2014 | David F Welch | President | Sell | 17,500 | $9.04 | $158,200.00 | | |
| 7/28/2014 | David F Welch | President | Sell | 7,500 | $9.09 | $68,175.00 | | |
| 7/28/2014 | Mark A Wegleitner | Director | Sell | 4,500 | $9.12 | $41,040.00 | | |
| 7/1/2014 | David F Welch | President | Sell | 10,000 | $9.21 | $92,100.00 | | |
| 6/17/2014 | David F Welch | President | Sell | 10,000 | $9.15 | $91,500.00 | | |
| 6/5/2014 | David F Welch | President | Sell | 10,000 | $9.00 | $90,000.00 | | |
| 5/20/2014 | David Welch | President | Sell | 20,000 | $9.09 | $181,800.00 | 14,132 | |
| 5/16/2014 | Brad Feller | CFO | Buy | 25,000 | $8.25 | $206,250.00 | 25,000 | |
| 5/15/2014 | Dan Maydan | Director | Sell | 13,333 | $8.13 | $108,397.29 | | |
| 5/2/2014 | Philip Koen | Director | Sell | 32,100 | $9.03 | $289,863.00 | 583 | |
| 4/29/2014 | David Welch | President | Sell | 10,000 | $9.00 | $90,000.00 | 14,132 | |
| 4/29/2014 | Paul Milbury | Director | Sell | 25,000 | $8.83 | $220,750.00 | 4,734 | |
| 4/28/2014 | Thomas Fallon | CEO | Sell | 50,000 | $8.82 | $441,000.00 | | |
| 3/25/2014 | David Welch | President | Sell | 10,000 | $9.53 | $95,300.00 | 14,132 | |
| 2/26/2014 | Ita Brennan | CFO | Sell | 30,000 | $8.50 | $255,000.00 | 102,687 | |
| 2/10/2014 | Ita Brennan | CFO | Sell | 144,864 | $8.56 | $1,240,035.84 | 132,687 | |
| 2/3/2014 | Thomas Fallon | CEO | Sell | 50,000 | $8.57 | $428,500.00 | | |
| 1/14/2014 | David Welch | President | Sell | 10,000 | $9.03 | $90,300.00 | 14,132 | |
| 1/8/2014 | David Welch | President | Sell | 50,000 | $10.00 | $500,000.00 | 14,132 | |
| 1/8/2014 | Kenneth Goldman | Director | Sell | 12,100 | $10.00 | $121,000.00 | 37,234 | |
| 12/31/2013 | David Welch | President | Sell | 10,000 | $9.72 | $97,200.00 | 14,132 | |
| 12/17/2013 | David Welch | President | Sell | 10,000 | $9.16 | $91,600.00 | 14,132 | |
| 12/3/2013 | David Welch | President | Sell | 10,000 | $9.00 | $90,000.00 | 14,132 | |
| 11/5/2013 | David Welch | President | Sell | 10,000 | $9.75 | $97,500.00 | 14,132 | |
| 10/31/2013 | Paul J Milbury | Director | Sell | 40,000 | $10.24 | $409,600.00 | | |
| 10/30/2013 | Thomas J Fallon | CEO | Sell | 76,024 | $10.51 | $799,012.24 | | |
| 10/29/2013 | Hooshmand Kambiz | Director | Sell | 17,600 | $10.50 | $184,800.00 | | |
| 10/28/2013 | David F Welch | President | Sell | 20,000 | $10.14 | $202,800.00 | | |
| 10/28/2013 | Ita M Brennan | CFO | Sell | 12,500 | $10.09 | $126,125.00 | | |
| 10/28/2013 | Kenneth A Goldman | Director | Sell | 40,000 | $10.03 | $401,200.00 | | |
| 10/28/2013 | Thomas J Fallon | CEO | Sell | 50,000 | $10.12 | $506,000.00 | | |
| 10/8/2013 | David Welch | President | Sell | 30,000 | $11.39 | $341,700.00 | 14,132 | |
| 9/24/2013 | David Welch | President | Sell | 30,000 | $11.08 | $332,400.00 | 14,132 | |
| 9/23/2013 | Kenneth Goldman | Director | Sell | 40,000 | $11.09 | $443,600.00 | 37,234 | |
| 9/10/2013 | David F Welch | President | Sell | 60,000 | $11.01 | $660,600.00 | | |
| 9/9/2013 | Carl Redfield | Director | Sell | 50,000 | $11.00 | $550,000.00 | | |
| 9/5/2013 | Kenneth A Goldman | Director | Sell | 5,969 | $10.66 | $63,629.54 | | |
| 9/5/2013 | Thomas J Fallon | CEO | Sell | 150,000 | $10.56 | $1,584,000.00 | | |
| 8/29/2013 | Kenneth Goldman | Director | Sell | 6,000 | $9.50 | $57,000.00 | 37,234 | |
| 8/22/2013 | David Welch | President | Sell | 60,000 | $10.02 | $601,200.00 | 14,132 | |
| 8/22/2013 | Ita Brennan | CFO | Sell | 12,500 | $10.00 | $125,000.00 | 116,036 | |
| 8/22/2013 | Kenneth Goldman | Director | Sell | 46,000 | $10.05 | $462,300.00 | 37,234 | |
| 8/22/2013 | Thomas Fallon | CEO | Sell | 50,000 | $9.95 | $497,500.00 | | |
| 5/31/2013 | Michael O Mccarthy III | Insider | Sell | 123,578 | $10.85 | $1,340,821.30 | | |
| 5/29/2013 | Michael O Mccarthy III | Insider | Sell | 51,040 | $9.59 | $489,473.60 | | |
| 5/16/2013 | Dan Maydan | Director | Sell | 90,234 | $9.30 | $839,176.20 | | |
| 5/16/2013 | Michael O Mccarthy III | Insider | Sell | 45,309 | $9.11 | $412,764.99 | | |
| 11/21/2012 | Thomas J Fallon | CEO | Buy | 50,000 | $4.47 | $223,500.00 | | |
(Data available from 1/1/2013 forward)
Infinera (NASDAQ INFN) News Headlines
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Infinera (NASDAQ:INFN) SEC Filings
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Infinera (NASDAQ:INFN) Income Statement, Balance Sheet and Cash Flow Statement
Infinera (NASDAQ INFN) Stock Chart for Sunday, May, 20, 2018
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