NASDAQ:INFN - Infinera Stock Price, News, & Analysis

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$4.31 -0.07 (-1.60 %)
(As of 12/10/2018 12:24 PM ET)
Previous Close$4.38
Today's Range$4.30 - $4.44
52-Week Range$4.11 - $12.39
Volume68,220 shs
Average Volume2.82 million shs
Market Capitalization$766.44 million
P/E Ratio-5.22
Dividend YieldN/A
Beta0.52
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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Current SymbolNASDAQ:INFN
Previous Symbol
CUSIP45667G10
Phone408-572-5200

Debt

Debt-to-Equity Ratio0.37
Current Ratio3.92
Quick Ratio2.95

Price-To-Earnings

Trailing P/E Ratio-5.22
Forward P/E Ratio-6.25
P/E GrowthN/A

Sales & Book Value

Annual Sales$740.74 million
Price / Sales1.02
Cash FlowN/A
Price / Cash FlowN/A
Book Value$4.46 per share
Price / Book0.97

Profitability

EPS (Most Recent Fiscal Year)($0.83)
Net Income$-194,500,000.00
Net Margins-19.18%
Return on Equity-11.58%
Return on Assets-6.99%

Miscellaneous

Employees2,145
Outstanding Shares174,990,000
Market Cap$766.44 million
OptionableOptionable

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) posted its quarterly earnings data on Tuesday, November, 6th. The communications equipment provider reported ($0.04) earnings per share for the quarter, hitting the Zacks' consensus estimate of ($0.04). The communications equipment provider had revenue of $200.41 million for the quarter, compared to analyst estimates of $210.57 million. Infinera had a negative net margin of 19.18% and a negative return on equity of 11.58%. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) EPS. View Infinera's Earnings History.

When is Infinera's next earnings date?

Infinera is scheduled to release their next quarterly earnings announcement on Wednesday, February 6th 2019. View Earnings Estimates for Infinera.

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

Infinera updated its fourth quarter earnings guidance on Tuesday, November, 6th. The company provided earnings per share (EPS) guidance of ($0.30-0.26) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.06). The company issued revenue guidance of $315-335 million, compared to the consensus revenue estimate of $432.23 million.Infinera also updated its Q4 2018 guidance to $-0.3--0.26 EPS.

What price target have analysts set for INFN?

16 Wall Street analysts have issued twelve-month price objectives for Infinera's stock. Their predictions range from $5.50 to $13.00. On average, they anticipate Infinera's stock price to reach $9.1071 in the next twelve months. This suggests a possible upside of 110.1% from the stock's current price. View Analyst Price Targets for Infinera.

What is the consensus analysts' recommendation for Infinera?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last year. There are currently 2 sell ratings, 10 hold ratings, 3 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. " (12/8/2018)
  • 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)

Has Infinera been receiving favorable news coverage?

Media coverage about INFN stock has trended very positive on Monday, according to InfoTrie. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Infinera earned a news impact score of 3.9 on InfoTrie's scale. They also gave headlines about the communications equipment provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days.

Are investors shorting Infinera?

Infinera saw a increase in short interest in November. As of November 15th, there was short interest totalling 23,853,376 shares, an increase of 1.5% from the October 31st total of 23,490,510 shares. Based on an average trading volume of 6,425,717 shares, the days-to-cover ratio is currently 3.7 days. Currently, 16.0% of the shares of the stock are sold short. View Infinera's Current Options Chain.

Who are some of Infinera's key competitors?

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. David W. Heard, Chief Operating Officer (Age 50)
  • Mr. James L. Laufman, Sr. VP, Gen. Counsel & Corp. Sec. (Age 53)

Who are Infinera's major shareholders?

Infinera's stock is owned by many different of retail and institutional investors. Top institutional shareholders include FMR LLC (15.10%), Vanguard Group Inc. (8.18%), Bank of New York Mellon Corp (4.92%), Fisher Asset Management LLC (3.87%), Alliancebernstein L.P. (3.85%) and Dimensional Fund Advisors LP (3.29%). Company insiders that own Infinera stock include Brad Feller, David F Welch, David W Heard, Robert J Jandro 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 Bank of New York Mellon Corp, Frontier Capital Management Co. LLC, Alliancebernstein L.P., Neuberger Berman Group LLC, King Luther Capital Management Corp, Fisher Asset Management LLC, TIAA CREF Investment Management LLC and Teachers Advisors LLC. View Insider Buying and Selling for Infinera.

Which major investors are buying Infinera stock?

INFN stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Vanguard Group Inc., FMR LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Divisar Capital Management LLC, Elk Creek Partners LLC and Wells Fargo & Company MN. Company insiders that have bought Infinera stock in the last two years include Brad Feller, David W Heard, Robert J Jandro 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 $4.3350.

How big of a company is Infinera?

Infinera has a market capitalization of $766.44 million 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.

What is Infinera's official website?

The official website for Infinera is http://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]


MarketBeat Community Rating for Infinera (NASDAQ INFN)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  538 (Vote Outperform)
Underperform Votes:  441 (Vote Underperform)
Total Votes:  979
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.
This page was last updated on 12/10/2018 by MarketBeat.com Staff

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