Log in

NASDAQ:INFNInfinera Stock Price, Forecast & News

$6.14
-0.13 (-2.07 %)
(As of 07/10/2020 04:00 PM ET)
Add
Compare
Today's Range
$6.09
Now: $6.14
$6.28
50-Day Range
$4.60
MA: $5.47
$6.28
52-Week Range
$2.81
Now: $6.14
$8.35
Volume1.44 million shs
Average Volume3.23 million shs
Market Capitalization$1.15 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.98
Infinera Corporation provides optical transport networking 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 hiT 7300, mTera Series, 7100 Series, 7090 Family, and 8600 Series; Infinera XTM Series packet-optical transport platform that enables high-performance metro networks with service-aware, application-specific capabilities; Infinera Groove G30; 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 transcend software suite; Infinera CNOS, a hardware-independent network operating system; and 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.
Read More
Infinera logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.91 out of 5 stars


Industry, Sector and Symbol

Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
Current SymbolNASDAQ:INFN
CUSIP45667G10
Phone408-572-5200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.30 billion
Book Value$2.14 per share

Profitability

Net Income$-386,620,000.00

Miscellaneous

Employees3,261
Market Cap$1.15 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

Receive INFN News and Ratings via Email

Sign-up to receive the latest news and ratings for INFN and its competitors with MarketBeat's FREE daily newsletter.

Infinera (NASDAQ:INFN) Frequently Asked Questions

How has Infinera's stock been impacted by COVID-19 (Coronavirus)?

Infinera's stock was trading at $4.38 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, INFN stock has increased by 40.2% and is now trading at $6.14. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Infinera?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last year. There are currently 2 sell ratings, 6 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Infinera.

When is Infinera's next earnings date?

Infinera is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Infinera.

How were Infinera's earnings last quarter?

Infinera Corp. (NASDAQ:INFN) announced its quarterly earnings data on Tuesday, May, 12th. The communications equipment provider reported ($0.27) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.18) by $0.09. The communications equipment provider earned $330.27 million during the quarter, compared to the consensus estimate of $318.31 million. Infinera had a negative return on equity of 37.47% and a negative net margin of 27.26%. Infinera's revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.23) earnings per share. View Infinera's earnings history.

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

Infinera issued an update on its second quarter 2020 After-Hours earnings guidance on Tuesday, May, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $310-330 million, compared to the consensus revenue estimate of $329.31 million.

What price target have analysts set for INFN?

15 equities research analysts have issued twelve-month price targets for Infinera's stock. Their forecasts range from $3.00 to $9.50. On average, they anticipate Infinera's stock price to reach $6.53 in the next year. This suggests a possible upside of 6.4% from the stock's current price. View analysts' price targets 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. " (3/31/2020)
  • 2. Rosenblatt Securities analysts commented, "We shift from cautionary to a more open-minded stance on INFN stock, looking for sustained revenue growth and margin expansion. We maintain our FY19 revenue/EPS estimates, maintain our FY20 revenue estimate, and reduce our FY20 earnings (by -$.07). We maintain our Neutral rating and our price target moves from $3 to $4." (8/8/2019)

Has Infinera been receiving favorable news coverage?

News stories about INFN stock have been trending neutral recently, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Infinera earned a daily sentiment score of 0.4 on InfoTrie's scale. They also assigned press coverage about the communications equipment provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Infinera.

Who are some of Infinera's key competitors?

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), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Micron Technology (MU), Starbucks (SBUX), Aegean Marine Petroleum Network (ANW) and Continental Resources (CLR).

Who are Infinera's key executives?

Infinera's management team includes the following people:
  • Mr. Thomas J. Fallon, CEO & Director (Age 57)
  • Dr. David F. Welch, Founder, Chief Innovation Officer & Director (Age 58)
  • Mr. Brad D. Feller, Chief Financial Officer (Age 45)
  • Mr. David W. Heard, Chief Operating Officer (Age 51)
  • Mr. Robert J. Jandro, Sr. VP of Worldwide Sales (Age 64)

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 many different institutional and retail investors. Top institutional shareholders include Acorn Financial Advisory Services Inc. ADV (0.06%) and Envestnet Asset Management Inc. (0.03%). Company insiders that own Infinera stock include Brad Feller, David W Heard, Marcel Gani, Oaktree Fund Gp, Llc, Optical Holdings LP Oaktree, Robert J Jandro 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 Envestnet Asset Management Inc.. View insider buying and selling activity for Infinera.

Which institutional investors are buying Infinera stock?

INFN stock was acquired by a variety of institutional investors in the last quarter, including Acorn Financial Advisory Services Inc. ADV. Company insiders that have bought Infinera stock in the last two years include Brad Feller, David W Heard, Marcel Gani, Oaktree Fund Gp, Llc, Optical Holdings LP Oaktree, Robert J Jandro, and Thomas J Fallon. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Infinera's stock price today?

One share of INFN stock can currently be purchased for approximately $6.14.

How big of a company is Infinera?

Infinera has a market capitalization of $1.15 billion and generates $1.30 billion in revenue each year. The communications equipment provider earns $-386,620,000.00 in net income (profit) each year or ($0.83) on an earnings per share basis. Infinera employs 3,261 workers across the globe.

What is Infinera's official website?

The official website for Infinera is 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]

This page was last updated on 7/12/2020 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

  • Best-in-Class Portfolio Monitoring

    View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

  • Stock Ideas and Recommendations

    Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

  • Advanced Stock Screeners and Research Tools

    Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.