About Infinera Corporation (NASDAQ:INFN)
Infinera Corporation provides optical transport networking equipment, software and services to telecommunications service providers, Internet content providers (ICPs), cable providers, wholesale and enterprise carriers, research and education institutions, enterprise customers and government entities across the globe. The Company's portfolio consists of the Infinera DTN-X Family, the Infinera DTN platform, the Infinera Cloud Xpress Family, the Infinera XTM Series, the Infinera XTG Series and the Infinera FlexILS platform, addressing long-haul, subsea and metro networks end-to-end. Its technology includes Infinera Intelligent Transport Network Architecture, Infinera Photonic Integrated Circuits, Infinera FlexCoherent Processor, Super-Channels, Sliceable Photonics, Disaggregation, Integrated Digital Switching, Infinera Instant Bandwidth, Infinera Packet-Optical Transport, Multi-layer Switching and Optimization, and Management, Control and Security.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Communications & Networking
- Sub-Industry: Communications Equipment
- Symbol: NASDAQ:INFN
- CUSIP: 45667G10
- Web: www.infinera.com
- Market Cap: $1.28494 billion
- Outstanding Shares: 148,204,000
- 50 Day Moving Avg: $8.55
- 200 Day Moving Avg: $9.78
- 52 Week Range: $7.23 - $12.50
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -25.71
- P/E Growth: -0.76
- Annual Revenue: $718.84 million
- Price / Sales: 1.80
- Book Value: $4.98 per share
- Price / Book: 1.76
- EBITDA: ($60,740,000.00)
- Net Margins: -18.18%
- Return on Equity: -12.39%
- Return on Assets: -7.88%
- Current Ratio: 1.80%
- Quick Ratio: 1.14%
- Average Volume: 1.62 million shs.
- Beta: 1.55
- Short Ratio: 12.6
Frequently Asked Questions for Infinera Corporation (NASDAQ:INFN)
What is Infinera Corporation's stock symbol?
Infinera Corporation trades on the NASDAQ under the ticker symbol "INFN."
How were Infinera Corporation's earnings last quarter?
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.
When will Infinera Corporation make its next earnings announcement?
What guidance has Infinera Corporation issued on next quarter's earnings?
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.
Where is Infinera Corporation's stock going? Where will Infinera Corporation's stock price be in 2017?
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.
What are analysts saying about Infinera Corporation stock?
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)
Who are some of Infinera Corporation's key competitors?
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).
Who are Infinera Corporation's key executives?
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
Who owns Infinera Corporation stock?
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.
Who sold Infinera Corporation stock? Who is selling Infinera Corporation stock?
Who bought Infinera Corporation stock? Who is buying Infinera Corporation stock?
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.
How do I buy Infinera Corporation stock?
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.
What is Infinera Corporation's stock price today?
MarketBeat Community Rating for Infinera Corporation (NASDAQ INFN)MarketBeat's community ratings are surveys of what our community members think about Infinera Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Infinera Corporation stock can currently be purchased for approximately $8.74.
Consensus Ratings for Infinera Corporation (NASDAQ:INFN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||5 Hold Ratings, 10 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.67)|
|Consensus Price Target: ||$11.82 (35.22% upside)|Consensus Price Target History for Infinera Corporation (NASDAQ:INFN)
Analysts' Ratings History for Infinera Corporation (NASDAQ:INFN)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/16/2017||Citigroup Inc.||Upgrade||Sell -> Neutral||$10.00||N/A|
|9/19/2017||Needham & Company LLC||Reiterated Rating||Buy||$13.00||Low|
|8/18/2017||MKM Partners||Lower Price Target||Buy||$14.00 -> $13.00||Low|
|8/9/2017||B. Riley||Reiterated Rating||Buy||$14.00||Low|
|8/7/2017||Deutsche Bank AG||Lower Price Target||Buy||$12.50 -> $12.00||Low|
|7/21/2017||Stifel Nicolaus||Reiterated Rating||Hold||$10.00||Low|
|7/18/2017||Craig Hallum||Initiated Coverage||Buy||$15.00||Medium|
|7/10/2017||Raymond James Financial, Inc.||Reiterated Rating||Market Perform||Low|
|7/4/2017||Northland Securities||Set Price Target||Hold||$7.00||Low|
|5/26/2017||Wells Fargo & Company||Upgrade||Market Perform -> Outperform||$10.00 -> $13.00||High|
|3/16/2017||Goldman Sachs Group, Inc. (The)||Upgrade||Neutral -> Buy||$10.00 -> $13.50||High|
|2/12/2017||William Blair||Reiterated Rating||Buy||N/A|
|2/10/2017||Nomura||Upgrade||Neutral -> Buy||N/A|
|2/10/2017||Instinet||Upgrade||Neutral -> Buy||N/A|
|1/19/2017||Piper Jaffray Companies||Initiated Coverage||Neutral||$9.50||N/A|
|7/28/2016||Jefferies Group LLC||Downgrade||Buy -> Hold||N/A|
|7/28/2016||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||$19.00 -> $8.50||N/A|
|4/28/2016||Drexel Hamilton||Reiterated Rating||Buy||N/A|
Earnings History for Infinera Corporation (NASDAQ:INFN)Earnings History by Quarter for Infinera Corporation (NASDAQ INFN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017||Q2 2017||($0.23)||($0.24)||$181.16 million||$176.28 million||View||Listen|
|5/4/2017||Q1 2017||($0.15)||($0.15)||$172.62 million||$175.50 million||View||Listen|
|2/9/2017||Q416||($0.13)||($0.12)||$175.37 million||$181.00 million||View||Listen|
|10/26/2016||Q316||($0.07)||$0.05||$185.50 million||$185.45 million||View||Listen|
|7/27/2016||Q216||$0.18||$0.21||$255.83 million||$258.82 million||View||Listen|
|4/27/2016||Q116||$0.17||$0.19||$246.15 million||$244.82 million||View||Listen|
|2/11/2016||Q415||$0.20||$0.21||$258.81 million||$260.60 million||View||Listen|
|10/27/2015||Q315||$0.17||$0.22||$226.65 million||$232.50 million||View||Listen|
|7/22/2015||Q215||$0.16||$0.18||$201.37 million||$207.35 million||View||Listen|
|4/21/2015||Q115||$0.05||$0.11||$186.09 million||$186.90 million||View||Listen|
|1/22/2015||Q414||$0.05||$0.08||$180.63 million||$186.30 million||View||Listen|
|10/22/2014||Q314||$0.07||$0.11||$170.90 million||$173.60 million||View||Listen|
|7/23/2014||Q214||$0.04||$0.11||$165.38 million||$165.40 million||View||Listen|
|4/23/2014||Q114||($0.01)||$0.03||$140.46 million||$142.82 million||View||Listen|
|10/23/2013||Q313||$0.04||$0.10||$140.40 million||$142.00 million||View||Listen|
|7/24/2013||Q2 2013||($0.02)||($0.01)||$133.30 million||$138.40 million||View||Listen|
|4/24/2013||Q1 2013||($0.07)||($0.06)||$119.65 million||$124.60 million||View||Listen|
|2/5/2013||Q4 2012||($0.06)||($0.05)||$127.43 million||$128.10 million||View||Listen|
|10/24/2012||Q312||($0.12)||($0.07)||$110.29 million||$12.20 million||View||N/A|
Earnings Estimates for Infinera Corporation (NASDAQ:INFN)
2017 EPS Consensus Estimate: ($0.01)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Infinera Corporation (NASDAQ:INFN)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Infinera Corporation (NASDAQ:INFN)
Insider Ownership Percentage: 2.90%Insider Trades by Quarter for Infinera Corporation (NASDAQ:INFN)
Institutional Ownership Percentage: 87.56%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/2/2017||David F Welch||President||Sell||20,000||$9.02||$180,400.00|| |
|8/8/2017||David F Welch||President||Sell||20,000||$9.29||$185,800.00|| |
|7/19/2017||David F Welch||President||Sell||5,000||$12.00||$60,000.00|| |
|6/23/2017||David F Welch||President||Sell||40,000||$12.09||$483,600.00|| |
|8/2/2016||Brad Feller||CFO||Buy||20,000||$8.60||$172,000.00|| |
|8/2/2016||Marcel Gani||Director||Buy||50,000||$8.60||$430,000.00|| |
|8/1/2016||John Daane||Director||Buy||12,000||$8.49||$101,880.00|| |
|8/1/2016||Thomas J Fallon||CEO||Buy||100,000||$8.54||$854,000.00|| |
|5/3/2016||Brad Feller||CFO||Buy||25,000||$11.75||$293,750.00|| |
|5/3/2016||Thomas J Fallon||CEO||Buy||100,000||$11.95||$1,195,000.00|| |
|12/4/2015||James Laufman||VP||Sell||5,000||$22.30||$111,500.00|| |
|11/2/2015||Thomas J. Fallon||CEO||Sell||200,000||$19.85||$3,970,000.00|| |
|6/5/2015||Robert J Jandro||VP||Sell||18,000||$21.41||$385,380.00|| |
|4/27/2015||David F Welch||President||Sell||30,000||$20.40||$612,000.00|| |
|4/24/2015||Hooshmand Kambiz||Director||Sell||100,000||$19.38||$1,938,000.00|| |
|4/24/2015||Thomas J Fallon||CEO||Sell||200,000||$19.65||$3,930,000.00|| |
|3/30/2015||David F Welch||President||Sell||30,000||$19.56||$586,800.00|| |
|3/16/2015||David F Welch||President||Sell||30,000||$18.82||$564,600.00|| |
|2/17/2015||David F Welch||President||Sell||30,000||$17.35||$520,500.00|| |
|1/27/2015||Carl Redfield||Director||Sell||50,000||$16.52||$826,000.00|| |
|1/27/2015||Thomas J Fallon||CEO||Sell||203,614||$16.52||$3,363,703.28|| |
|1/5/2015||David F Welch||President||Sell||30,000||$14.39||$431,700.00|| |
|12/22/2014||David F Welch||President||Sell||30,000||$15.44||$463,200.00|| |
|12/8/2014||David F Welch||President||Sell||30,000||$14.45||$433,500.00|| |
|11/24/2014||David F Welch||President||Sell||30,000||$13.50||$405,000.00|| |
|10/27/2014||Carl Redfield||Director||Sell||50,000||$13.56||$678,000.00|| |
|10/27/2014||David F Welch||President||Sell||82,500||$13.51||$1,114,575.00|| |
|10/27/2014||Thomas J Fallon||CEO||Sell||220,000||$13.56||$2,983,200.00|| |
|10/6/2014||David F Welch||President||Sell||15,000||$10.42||$156,300.00|| |
|9/22/2014||David F Welch||President||Sell||22,500||$11.20||$252,000.00|| |
|9/18/2014||Thomas J Fallon||CEO||Sell||150,000||$11.43||$1,714,500.00|| |
|9/8/2014||David F Welch||President||Sell||245,000||$11.01||$2,697,450.00|| |
|9/8/2014||Hooshmand Kambiz||Director||Sell||14,500||$10.75||$155,875.00|| |
|9/8/2014||Thomas J Fallon||CEO||Sell||20,000||$11.00||$220,000.00|| |
|8/26/2014||David F Welch||President||Sell||180,000||$9.99||$1,798,200.00|| |
|8/26/2014||Paul J Milbury||Director||Sell||25,000||$10.41||$260,250.00|| |
|8/12/2014||David F Welch||President||Sell||17,500||$9.16||$160,300.00|| |
|8/11/2014||David F Welch||President||Sell||7,500||$9.25||$69,375.00|| |
|7/29/2014||David F Welch||President||Sell||17,500||$9.04||$158,200.00|| |
|7/28/2014||David F Welch||President||Sell||7,500||$9.09||$68,175.00|| |
|7/28/2014||Mark A Wegleitner||Director||Sell||4,500||$9.12||$41,040.00|| |
|7/1/2014||David F Welch||President||Sell||10,000||$9.21||$92,100.00|| |
|6/17/2014||David F Welch||President||Sell||10,000||$9.15||$91,500.00|| |
|6/5/2014||David F Welch||President||Sell||10,000||$9.00||$90,000.00|| |
|5/20/2014||David Welch||President||Sell||20,000||$9.09||$181,800.00|| |
|5/16/2014||Brad Feller||CFO||Buy||25,000||$8.25||$206,250.00|| |
|5/15/2014||Dan Maydan||Director||Sell||13,333||$8.13||$108,397.29|| |
|5/2/2014||Philip Koen||Director||Sell||32,100||$9.03||$289,863.00|| |
|4/29/2014||David Welch||President||Sell||10,000||$9.00||$90,000.00|| |
|4/29/2014||Paul Milbury||Director||Sell||25,000||$8.83||$220,750.00|| |
|4/28/2014||Thomas Fallon||CEO||Sell||50,000||$8.82||$441,000.00|| |
|3/25/2014||David Welch||President||Sell||10,000||$9.53||$95,300.00|| |
|2/26/2014||Ita Brennan||CFO||Sell||30,000||$8.50||$255,000.00|| |
|2/10/2014||Ita Brennan||CFO||Sell||144,864||$8.56||$1,240,035.84|| |
|2/3/2014||Thomas Fallon||CEO||Sell||50,000||$8.57||$428,500.00|| |
|1/14/2014||David Welch||President||Sell||10,000||$9.03||$90,300.00|| |
|1/8/2014||David Welch||President||Sell||50,000||$10.00||$500,000.00|| |
|1/8/2014||Kenneth Goldman||Director||Sell||12,100||$10.00||$121,000.00|| |
|12/31/2013||David Welch||President||Sell||10,000||$9.72||$97,200.00|| |
|12/17/2013||David Welch||President||Sell||10,000||$9.16||$91,600.00|| |
|12/3/2013||David Welch||President||Sell||10,000||$9.00||$90,000.00|| |
|11/5/2013||David Welch||President||Sell||10,000||$9.75||$97,500.00|| |
|10/31/2013||Paul J Milbury||Director||Sell||40,000||$10.24||$409,600.00|| |
|10/30/2013||Thomas J Fallon||CEO||Sell||76,024||$10.51||$799,012.24|| |
|10/29/2013||Hooshmand Kambiz||Director||Sell||17,600||$10.50||$184,800.00|| |
|10/28/2013||David F Welch||President||Sell||20,000||$10.14||$202,800.00|| |
|10/28/2013||Ita M Brennan||CFO||Sell||12,500||$10.09||$126,125.00|| |
|10/28/2013||Kenneth A Goldman||Director||Sell||40,000||$10.03||$401,200.00|| |
|10/28/2013||Thomas J Fallon||CEO||Sell||50,000||$10.12||$506,000.00|| |
|10/8/2013||David Welch||President||Sell||30,000||$11.39||$341,700.00|| |
|9/24/2013||David Welch||President||Sell||30,000||$11.08||$332,400.00|| |
|9/23/2013||Kenneth Goldman||Director||Sell||40,000||$11.09||$443,600.00|| |
|9/10/2013||David F Welch||President||Sell||60,000||$11.01||$660,600.00|| |
|9/9/2013||Carl Redfield||Director||Sell||50,000||$11.00||$550,000.00|| |
|9/5/2013||Kenneth A Goldman||Director||Sell||5,969||$10.66||$63,629.54|| |
|9/5/2013||Thomas J Fallon||CEO||Sell||150,000||$10.56||$1,584,000.00|| |
|8/29/2013||Kenneth Goldman||Director||Sell||6,000||$9.50||$57,000.00|| |
|8/22/2013||David Welch||President||Sell||60,000||$10.02||$601,200.00|| |
|8/22/2013||Ita Brennan||CFO||Sell||12,500||$10.00||$125,000.00|| |
|8/22/2013||Kenneth Goldman||Director||Sell||46,000||$10.05||$462,300.00|| |
|8/22/2013||Thomas Fallon||CEO||Sell||50,000||$9.95||$497,500.00|| |
|5/31/2013||Michael O Mccarthy III||Insider||Sell||123,578||$10.85||$1,340,821.30|| |
|5/29/2013||Michael O Mccarthy III||Insider||Sell||51,040||$9.59||$489,473.60|| |
|5/16/2013||Dan Maydan||Director||Sell||90,234||$9.30||$839,176.20|| |
|5/16/2013||Michael O Mccarthy III||Insider||Sell||45,309||$9.11||$412,764.99|| |
|11/21/2012||Thomas J Fallon||CEO||Buy||50,000||$4.47||$223,500.00|| |
Headline Trends for Infinera Corporation (NASDAQ:INFN)
Latest Headlines for Infinera Corporation (NASDAQ:INFN)
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Infinera Corporation (INFN) Chart for Tuesday, October, 24, 2017