NASDAQ:INFN - Infinera Stock Price, Forecast & News

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

Infinera Corp. (NASDAQ:INFN) announced its earnings results on Tuesday, November, 12th. The communications equipment provider reported ($0.17) earnings per share for the quarter, meeting the consensus estimate of ($0.17). The communications equipment provider had revenue of $325.34 million for the quarter, compared to analyst estimates of $327.09 million. The firm's revenue was up 62.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) earnings per share. View Infinera's Earnings History.

Infinera is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Infinera.

Infinera will be holding an earnings conference call on Tuesday, February 25th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Infinera issued an update on its fourth quarter 2019 Pre-Market earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of $-0.05--0.01 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.02. The company issued revenue guidance of $$355-375 million, compared to the consensus revenue estimate of $$361.66 million.

11 brokerages have issued 12 month price targets for Infinera's shares. Their forecasts range from $6.00 to $12.00. On average, they anticipate Infinera's share price to reach $7.43 in the next twelve months. This suggests that the stock has a possible downside of 6.5%. View Analyst Price Targets for Infinera.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last year. There are currently 1 sell rating, 5 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Infinera.

Media coverage about INFN stock has trended somewhat positive on Sunday, InfoTrie reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Infinera earned a daily sentiment score of 2.0 on InfoTrie's scale. They also gave news coverage about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Infinera.

Some companies that are related to Infinera include Finisar (FNSR), Aviat Networks (AVNW), Aware (AWRE), ADTRAN (ADTN), Bel Fuse (BELFB), CalAmp (CAMP), Calix (CALX), Ciena (CIEN), Cisco Systems (CSCO), Comtech Telecomm. (CMTL), Digi International (DGII), Echostar (SATS), Extreme Networks (EXTR), F5 Networks (FFIV) and Harmonic (HLIT).

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 Baidu (BIDU).

Infinera's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (15.00%), Victory Capital Management Inc. (1.69%), Bank of America Corp DE (1.67%), Victory Capital Management Inc. (1.64%), Jacobs Levy Equity Management Inc. (1.06%) and Divisar Capital Management LLC (0.93%). Company insiders that own Infinera stock include Brad Feller, David F Welch, David W Heard, Marcel Gani, Robert J Jandro and Thomas J Fallon. View Institutional Ownership Trends for Infinera.

INFN stock was sold by a variety of institutional investors in the last quarter, including Jefferies Group LLC, Formula Growth Ltd., Penserra Capital Management LLC, Divisar Capital Management LLC, Jane Street Group LLC, Manatuck Hill Partners LLC, Bank of America Corp DE and King Luther Capital Management Corp. View Insider Buying and Selling for Infinera.

INFN stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Driehaus Capital Management LLC, Schonfeld Strategic Advisors LLC, Point72 Asset Management L.P., California Public Employees Retirement System, Jacobs Levy Equity Management Inc. and EAM Investors LLC. Company insiders that have bought Infinera stock in the last two years include Brad Feller, David W Heard, Marcel Gani, Robert J Jandro and Thomas J Fallon. View Insider Buying and Selling for 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.

One share of INFN stock can currently be purchased for approximately $7.94.