Infinera Corporation Company Profile (NASDAQ:INFN)

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

Infinera Corporation (NASDAQ:INFN) announced its earnings results on Thursday, August, 3rd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by $0.01. The company earned $176.28 million during the quarter, compared to analysts' expectations of $181.16 million. Infinera Corporation had a negative return on equity of 12.39% and a negative net margin of 18.18%. The firm's revenue was down 31.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 earnings per share. View Infinera Corporation's Earnings History.

Infinera Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, November, 8th 2017. View Earnings Estimates for Infinera Corporation.

Infinera Corporation updated its third quarter earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of ~($0.16) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.11). The company issued revenue guidance of ~$190 million, compared to the consensus revenue estimate of $196.80 million.

15 analysts have issued 12-month price objectives for Infinera Corporation's stock. Their forecasts range from $7.00 to $15.00. On average, they anticipate Infinera Corporation's share price to reach $11.82 in the next year. View Analyst Ratings for Infinera Corporation.

Here are some recent quotes from research analysts about Infinera Corporation 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. " (10/10/2017)
• 2. Deutsche Bank AG analysts commented, "We hosted INFN's CFO, Head of Metro Business, and IR in a multi-city NDR in Europe earlier this week. Highlights:. Management stuck to their narrative of a gradual FY17+ rebound in INFN's fundamental growth story (~$12B FY20 TAM ex China; 19% CAGR), while acknowledging a highly competitive market in US Cloud and Metro Optical." (3/20/2017)
• 3. Instinet analysts commented, "1Q guidance was in line with to below consensus estimates'disappointing, given that it was INFN's fourth straight guide down and 4Q ended up fine. However, strengthening in Europe/webscale and a solidifying product roadmap lend visibility to sequential growth through 2017. We lift our low-end estimates, raise our target price to $15, and upgrade our rating to Buy." (2/10/2017)

Some companies that are related to Infinera Corporation include Viavi Solutions (VIAV), West Corp (WSTC), Acacia Communications (ACIA), Plantronics (PLT), Oclaro (OCLR), ADTRAN (ADTN), Vocera Communications (VCRA), Applied Optoelectronics (AAOI), Sierra Wireless (SWIR), Spirent Communications Plc (SPT), Comtech Telecommunications Corp. (CMTL), Gilat Satellite Networks (GILT), Sonus Networks (SONS), Calix (CALX), Digi International (DGII), AudioCodes (AUDC), Harmonic (HLIT) and EMCORE Corporation (EMKR).

Infinera Corporation's management team includes the folowing people:

• Kambiz Y. Hooshmand, Independent Chairman of the Board
• David F. Welch Ph.D., President, Director
• Thomas J. Fallon, Chief Executive Officer, Director
• Brad D. Feller, Chief Financial Officer
• James L. Laufman, Senior Vice President, General Counsel, Corporate Secretary
• Robert J. Jandro, Senior Vice President - Worldwide Sales
• John P. Daane, Independent Director
• Marcel Gani, Independent Director
• Paul J. Milbury, Independent Director
• Rajal M. Patel, Independent Director

Infinera Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (4.11%), Nationwide Fund Advisors (0.14%), Tributary Capital Management LLC (0.05%) and Trellus Management Company LLC (0.03%). Company insiders that own Infinera Corporation stock include Brad Feller, David F Welch, James Laufman, John Daane, Marcel Gani and Thomas J Fallon. View Institutional Ownership Trends for Infinera Corporation.

Infinera Corporation's stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC. View Insider Buying and Selling for Infinera Corporation.

Infinera Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Nationwide Fund Advisors and Trellus Management Company LLC. Company insiders that have bought Infinera Corporation stock in the last two years include Brad Feller, John Daane, Marcel Gani and Thomas J Fallon. View Insider Buying and Selling for Infinera Corporation.

Shares of Infinera Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Infinera Corporation stock can currently be purchased for approximately $8.74.