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NASDAQ:INFN

Infinera - INFN Stock Forecast, Price & News

$5.35
-0.07 (-1.29%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$5.30
$5.55
50-Day Range
$4.72
$6.55
52-Week Range
$4.67
$9.86
Volume
3.21 million shs
Average Volume
2.52 million shs
Market Capitalization
$1.16 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.86

Infinera MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
84.2% Upside
$9.86 Price Target
Short Interest
Bearish
10.45% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.45mentions of Infinera in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$89,980 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.24) to $0.06 Per Share

Overall MarketRank

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

2.03 out of 5 stars

Computer And Technology Sector

453rd out of 658 stocks

Telephone & Telegraph Apparatus Industry

8th out of 13 stocks

INFN stock logo

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.

Infinera Trading Down 0.4 %

Shares of Infinera stock traded down $0.02 during trading hours on Thursday, hitting $5.40. The company's stock had a trading volume of 49,115 shares, compared to its average volume of 4,502,088. Infinera has a 12 month low of $4.67 and a 12 month high of $9.86. The stock has a 50 day moving average of $5.57 and a 200 day moving average of $6.99. The company has a market capitalization of $1.17 billion, a PE ratio of -6.23 and a beta of 1.10. The company has a debt-to-equity ratio of 5.49, a current ratio of 1.67 and a quick ratio of 1.11.

Infinera (NASDAQ:INFN - Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. Infinera had a negative return on equity of 33.09% and a negative net margin of 12.69%. The company had revenue of $357.99 million during the quarter, compared to the consensus estimate of $350.62 million. During the same period in the prior year, the company earned ($0.09) earnings per share. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts predict that Infinera will post -0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

INFN has been the topic of several research reports. Citigroup cut their price target on Infinera from $9.00 to $6.50 in a research note on Thursday, July 14th. JPMorgan Chase & Co. dropped their price objective on Infinera from $7.50 to $6.50 and set an "underweight" rating for the company in a report on Thursday, July 14th. B. Riley dropped their price objective on Infinera from $12.50 to $11.00 in a report on Wednesday, May 4th. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 price objective on shares of Infinera in a report on Monday, May 16th. Finally, MKM Partners reiterated a "buy" rating and issued a $9.00 price objective on shares of Infinera in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Infinera currently has an average rating of "Hold" and a consensus target price of $9.86.

Insiders Place Their Bets

In other Infinera news, CEO David W. Heard purchased 6,500 shares of the stock in a transaction on Thursday, May 19th. The stock was bought at an average cost of $5.72 per share, for a total transaction of $37,180.00. Following the completion of the acquisition, the chief executive officer now directly owns 608,740 shares of the company's stock, valued at $3,481,992.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO David W. Heard acquired 6,500 shares of Infinera stock in a transaction dated Thursday, May 19th. The stock was bought at an average cost of $5.72 per share, with a total value of $37,180.00. Following the completion of the transaction, the chief executive officer now directly owns 608,740 shares of the company's stock, valued at $3,481,992.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Andrew Riedel acquired 10,000 shares of Infinera stock in a transaction dated Friday, June 10th. The shares were purchased at an average cost of $5.28 per share, with a total value of $52,800.00. Following the completion of the transaction, the director now directly owns 82,451 shares of the company's stock, valued at $435,341.28. The disclosure for this purchase can be found here. Corporate insiders own 2.82% of the company's stock.

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INFN Stock News Headlines

MKM Partners Reiterates Buy Rating for Infinera (NASDAQ:INFN)
Infinera (NASDAQ:INFN) Sees Strong Trading Volume
Infinera's Return On Capital Employed Insights
Recap: Infinera Q2 Earnings - Benzinga
Where Infinera Stands With Analysts
See More Headlines
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INFN Company Calendar

Last Earnings
7/28/2022
Today
8/11/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:INFN
CUSIP
45667G10
Employees
3,225
Year Founded
2000

Price Target and Rating

Average Stock Price Forecast
$9.86
High Stock Price Forecast
$15.00
Low Stock Price Forecast
$6.50
Forecasted Upside/Downside
+84.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$-170,780,000.00
Pretax Margin
-11.34%

Debt

Sales & Book Value

Annual Sales
$1.43 billion
Cash Flow
$0.27 per share
Book Value
$0.54 per share

Miscellaneous

Free Float
210,816,000
Market Cap
$1.16 billion
Optionable
Optionable
Beta
1.10

Social Links


Key Executives














INFN Stock - Frequently Asked Questions

Should I buy or sell Infinera stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" INFN shares.
View INFN analyst ratings
or view top-rated stocks.

What is Infinera's stock price forecast for 2022?

6 Wall Street analysts have issued 12-month target prices for Infinera's shares. Their INFN share price forecasts range from $6.50 to $15.00. On average, they expect the company's share price to reach $9.86 in the next year. This suggests a possible upside of 84.2% 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 shares have decreased by 44.2% and is now trading at $5.35.
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, November 2nd 2022.
View our INFN earnings forecast
.

How were Infinera's earnings last quarter?

Infinera Co. (NASDAQ:INFN) issued its earnings results on Thursday, July, 28th. The communications equipment provider reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. The communications equipment provider earned $357.99 million during the quarter, compared to analysts' expectations of $350.62 million. Infinera had a negative net margin of 12.69% and a negative trailing twelve-month return on equity of 33.09%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.09) earnings per share.

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

Infinera updated its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $360.00 million-$400.00 million, compared to the consensus revenue estimate of $394.78 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 investors include Brown Advisory Inc. (4.92%), Victory Capital Management Inc. (1.04%), Kennedy Capital Management Inc. (0.90%), Deutsche Bank AG (0.86%), Royce & Associates LP (0.52%) and Wolverine Asset Management LLC (0.00%). 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 $5.35.

How much money does Infinera make?

Infinera (NASDAQ:INFN) has a market capitalization of $1.16 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 ($0.88) 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

When was Infinera founded?

Infinera was founded in 2000.

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 8/12/2022 by MarketBeat.com Staff

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