NASDAQ:INFN

Infinera - INFN Stock Forecast, Price & News

$6.74

-0.01 (-0.15%)

(As of 12/1/2022 12:00 AM ET)

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Today's Range: $6.65
▼
$6.85
50-Day Range: $4.39
▼
$6.90
52-Week Range: $4.26
▼
$9.86

Volume: 1.14 million shs
Average Volume: 2.43 million shs
Market Capitalization: $1.48 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.38

Infinera MarketRank™ Forecast

Analyst Rating: Hold
2.43 Rating Score
Upside/Downside: 39.1% Upside
$9.38 Price Target
Short Interest: Bearish
17.37% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.47
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.22) to $0.09 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.67 out of 5 stars

Computer And Technology Sector

561st out of 635 stocks

Telephone & Telegraph Apparatus Industry

9th out of 11 stocks

3.2

Analyst's Opinion

Consensus Rating
Infinera has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 4 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $9.38, Infinera has a forecasted upside of 39.1% from its current price of $6.74.
Amount of Analyst Coverage
Infinera has only been the subject of 1 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
17.37% of the outstanding shares of Infinera have been sold short.
Short Interest Ratio / Days to Cover
Infinera has a short interest ratio ("days to cover") of 16.5, which indicates bearish sentiment.
Change versus previous month
Short interest in Infinera has recently increased by 2.72%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Infinera does not currently pay a dividend.
Dividend Growth
Infinera does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for INFN.

2.5

News and Social Media Coverage

News Sentiment
Infinera has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Infinera this week, compared to 3 articles on an average week.
Search Interest
5 people have searched for INFN on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.
MarketBeat Follows
9 people have added Infinera to their MarketBeat watchlist in the last 30 days. This is an increase of 350% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Infinera insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.82% of the stock of Infinera is held by insiders.
Percentage Held by Institutions
92.01% of the stock of Infinera is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Infinera are expected to grow in the coming year, from ($0.22) to $0.09 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Infinera is -10.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Infinera is -10.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Infinera has a P/B Ratio of 12.96. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Infinera (NASDAQ:INFN) Stock

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms. It also offers Infinera XTM series, a packet-optical transport platform that enables metro connectivity solutions; Infinera XTC series, a multi-terabit packet optical transport platforms that integrates digital OTN switching and optical WDM transmission; Infinera mTera series, a network transport solution; and Infinera XT series, a platform that is designed to power cloud scale network services over metro, DCI, long-haul, and subsea networks. The company provides Infinera Cloud Xpress Family that is designed to meet the needs of internet content providers (ICPs), communication service providers, internet exchange service providers, enterprises, and other large-scale data center operators; and ICE-XR Coherent Pluggable Optics. It also offers Infinera Transcend software suite; and system software and customer support services. The company also serves telecommunications service providers, ICPs, cable providers, wholesale carriers, research and education institutions, large enterprises, 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. The company was incorporated in 2000 and is headquartered in San Jose, California.

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INFN Stock News Headlines

November 30, 2022 | finance.yahoo.com

Infinera Announces 2023 Investor Day

November 28, 2022 | finance.yahoo.com

Infinera to Participate in Raymond James Technology Investors Conference

November 23, 2022 | americanbankingnews.com

Infinera Co. (NASDAQ:INFN) Receives Consensus Recommendation of "Hold" from Analysts

November 16, 2022 | finance.yahoo.com

GBI Deploys Infinera’s ICE6 800G Optical Engine to Boost Capacity Ahead of the World Cup

November 10, 2022 | finance.yahoo.com

Infinera GX Solution Receives Telecom Infra Project Award for Open SDN Transport Requirements

November 10, 2022 | finance.yahoo.com

Wall Street Analysts Think Infinera (INFN) Could Surge 28%: Read This Before Placing a Bet

November 3, 2022 | finance.yahoo.com

Infinera (INFN) Q3 2022 Earnings Call Transcript

October 26, 2022 | finance.yahoo.com

Infinera (INFN) Earnings Expected to Grow: Should You Buy?

October 18, 2022 | finance.yahoo.com

Algar Telecom Selects Infinera Best-in-Class Coherent Transport Solution to Modernize and Scale Subsea Network

October 17, 2022 | streetinsider.com

Infinera to Announce Fiscal Third Quarter 2022 Financial Results on November 2, 2022 - StreetInsider.com

October 17, 2022 | globenewswire.com

Angola Cables Selects Infinera's ICE6 Technology to Upgrade - GlobeNewswire

October 17, 2022 | finance.yahoo.com

Infinera to Announce Fiscal Third Quarter 2022 Financial Results on November 2, 2022

October 17, 2022 | finance.yahoo.com

Angola Cables Selects Infinera’s ICE6 Technology to Upgrade Subsea Network Connecting Brazil and the US

October 12, 2022 | uk.investing.com

Uber, Lyft, AZZ And Other Big Losers From Tuesday By Benzinga - Investing.com UK

October 11, 2022 | reuters.com

INFN.O - Infinera Corp. | Stock Price & Latest News | Reuters

October 10, 2022 | finance.yahoo.com

The past five years for Infinera (NASDAQ:INFN) investors has not been profitable

October 7, 2022 | seekingalpha.com

Infinera: Benefit From Demand For New Networking Solutions (NASDAQ:INFN) - Seeking Alpha

September 20, 2022 | globenewswire.com

Infinera and Iscte – Instituto Universitário de Lisboa Collaborate to Provide Students Modernized Technology Lab - GlobeNewswire

September 20, 2022 | finance.yahoo.com

Multiplexer Market Size-Share, Key Suppliers, & Demands [2022-2030] | Qualitative and Quantitative Analysis By Industry Requirements, Economic Factors, Various Perspectives, Innovative Trends, and Risks Factors Till 2030 | Industry Research - Yahoo Finance

September 12, 2022 | finance.yahoo.com

Optical Transport Network Global Market Report 2022 - Yahoo Finance

September 12, 2022 | globenewswire.com

Viettel Selects Infinera Synchronization Solution to Support 5G Rollout Across Vietnam - GlobeNewswire

September 12, 2022 | finance.yahoo.com

Viettel Selects Infinera Synchronization Solution to Support 5G Rollout Across Vietnam

September 2, 2022 | globenewswire.com

Infinera to Participate in Citi's 2022 Global Technology - GlobeNewswire

September 2, 2022 | finance.yahoo.com

Infinera to Participate in Citi’s 2022 Global Technology Conference

August 29, 2022 | nasdaq.com

Investors in Infinera (NASDAQ:INFN) have unfortunately lost 32% over the last five years - Nasdaq

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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INFN Company Calendar

Last Earnings: 11/02/2022
Today: 12/02/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/15/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Telephone & telegraph apparatus
Sub-Industry: Communications Equipment
Sector: Computer and Technology
Current Symbol: NASDAQ:INFN
CUSIP: 45667G10
CIK: 1138639
Web: www.infinera.com
Phone: (408) 572-5200
Fax: 302-636-5454
Employees: 3,225
Year Founded: 2000

Price Target and Rating

Average Stock Price Forecast: $9.38
High Stock Price Forecast: $15.00
Low Stock Price Forecast: $6.00
Forecasted Upside/Downside: +39.1%
Consensus Rating: Hold
Rating Score (0-4): 2.43
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.67)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-170,780,000.00
Net Margins: -9.58%
Pretax Margin: -8.31%
Return on Equity: -36.40%
Return on Assets: -4.36%

Debt

Debt-to-Equity Ratio: 5.84
Current Ratio: 1.70
Quick Ratio: 1.13

Sales & Book Value

Annual Sales: $1.43 billion
Price / Sales: 1.04
Cash Flow: $0.28 per share
Price / Cash Flow: 24.36
Book Value: $0.52 per share
Price / Book: 12.96

Miscellaneous

Outstanding Shares: 219,744,000
Free Float: 213,547,000
Market Cap: $1.48 billion
Optionable: Optionable
Beta: 1.16

Social Links

Key Executives

Mr. David W. Heard (Age 54)
CEO & Director
Comp: $904.66k

Dr. David F. Welch Ph.D. (Age 61)
Co-Founder, Chief Innovation Officer & Director
Comp: $457.5k

Ms. Nancy L. Erba (Age 55)
Chief Financial Officer
Comp: $445.6k

Mr. David L. Teichmann (Age 65)
Chief Legal Officer & Corp. Sec.
Comp: $407.49k

Mr. Nicholas R. Walden (Age 51)
Sr. VP of Worldwide Sales
Comp: $847.32k

Mr. Michael H. Fernicola (Age 50)
Chief Accounting Officer

Mr. Amitabh Passi
Head of Investor Relations

Mr. Russ Esmacher
Sr. VP of Strategy, Marketing & Corp. Devel.

Mr. Brett Hooper (Age 58)
Chief HR Officer

Mr. Alexander Derecho
Sr. VP of Global Services

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

INFN Stock - Frequently Asked Questions

Should I buy or sell Infinera stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" INFN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INFN, but not buy additional shares or sell existing shares.
View INFN analyst ratings or view top-rated stocks.
What is Infinera's stock price forecast for 2023?: 7 Wall Street research analysts have issued 1 year price targets for Infinera's stock. Their INFN share price forecasts range from $6.00 to $15.00. On average, they predict the company's share price to reach $9.38 in the next year. This suggests a possible upside of 38.5% from the stock's current price.
View analysts price targets for INFN or view top-rated stocks among Wall Street analysts.
How have INFN shares performed in 2022?: Infinera's stock was trading at $9.59 at the start of the year. Since then, INFN stock has decreased by 29.4% and is now trading at $6.77.
View the best growth stocks for 2022 here.
When is Infinera's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our INFN earnings forecast.
How were Infinera's earnings last quarter?: Infinera Co. (NASDAQ:INFN) posted its quarterly earnings results on Wednesday, November, 2nd. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. The communications equipment provider had revenue of $390.45 million for the quarter, compared to the consensus estimate of $380.57 million. Infinera had a negative net margin of 9.58% and a negative trailing twelve-month return on equity of 36.40%. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.07) earnings per share.
What guidance has Infinera issued on next quarter's earnings?: Infinera issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $420.00 million-$450.00 million, compared to the consensus revenue estimate of $434.00 million.
What is David Heard's approval rating as Infinera's CEO?: 5 employees have rated Infinera Chief Executive Officer David Heard on Glassdoor.com. David Heard has an approval rating of 68% among the company's employees.

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), Micron Technology (MU), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Starbucks (SBUX), Advanced Micro Devices (AMD) and Intel (INTC).
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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.39%), Brown Advisory Inc. (5.13%), Barrow Hanley Mewhinney & Strauss LLC (2.23%), Assenagon Asset Management S.A. (1.45%), Jacobs Levy Equity Management Inc. (1.26%) and Victory Capital Management Inc. (1.26%). Insiders that own company stock include Christine Bucklin, David F Welch, David W Heard, George Andrew Riedel, Hooshmand Kambiz, Mark A Wegleitner, Michael H Fernicola, Michael H Fernicola, Nicholas Walden, Oaktree Fund Gp, Llc, Optical Holdings LP Oaktree, Paul J Milbury and Thomas J Fallon.
View institutional ownership trends.
How do I buy shares of Infinera?: Shares of INFN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Infinera's stock price today?: One share of INFN stock can currently be purchased for approximately $6.77.
How much money does Infinera make?: Infinera (NASDAQ:INFN) has a market capitalization of $1.49 billion and generates $1.43 billion in revenue each year. The communications equipment provider earns $-170,780,000.00 in net income (profit) each year or ($0.67) on an earnings per share basis.
How many employees does Infinera have?: The company employs 3,225 workers across the globe.
Does Infinera have any subsidiaries?: The following companies are subsidiares of Infinera: Big Bear Networks, Coriant, Infinera Optical Holding Inc. (Delaware), Infinera Optical Networks Inc. (Delaware), International Telecom Holdings S.à r.l. (Luxembourg), Tellabs Enterprises B.V. (Netherlands), Tellabs Holdings B.V. (Netherlands), Transmode AB, Transmode Systems AB (Sweden), and Xieon Networks S.a.r.l. (Luxembourg).
Read More
How can I contact Infinera?: Infinera's mailing address is 140 CASPIAN COURT, SUNNYVALE CA, 94089. The official website for the company is www.infinera.com. The communications equipment provider can be reached via phone at (408) 572-5200, via email at jhustis@infinera.com, or via fax at 302-636-5454.

This page (NASDAQ:INFN) was last updated on 12/2/2022 by MarketBeat.com Staff

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