NASDAQ:INFNInfinera Stock Price, Forecast & News

$4.98

-0.01 (-0.20 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$4.80

Now: $4.98▼

$5.00

50-Day Range

$4.09

MA: $5.47▼

$6.39

52-Week Range

$2.80

Now: $4.98▼

$8.35

Volume1.61 million shs

Average Volume3.99 million shs

Market Capitalization$930.76 million

P/E RatioN/A

Dividend YieldN/A

Beta1.03

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.

Beat the Market (BTM) Rank^™

4.2 Analyst's Opinion

Consensus Rating
Infinera has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 6 buy ratings, 6 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $6.71, Infinera has a potential upside of 34.8% from its current price of $4.98.
Amount of Analyst Coverage
Infinera has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
Infinera has received 637 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Infinera has received 550 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Infinera has received 53.66% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Infinera and other stocks. Vote “Outperform” if you believe INFN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe INFN will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Infinera insiders have bought more of their company's stock than they have sold. Specifically, they have bought $18,788,950.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.82% of the stock of Infinera is held by insiders.
Percentage Held by Institutions
86.88% 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 ($0.70) to ($0.13) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Infinera is -2.45, 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 -2.45, 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 2.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.31 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Telephone & telegraph apparatus

Sub-IndustryCommunications Equipment

SectorComputer and Technology

Current SymbolNASDAQ:INFN

Previous Symbol

CUSIP45667G10

CIK1138639

Webwww.infinera.com

Phone408-572-5200

Debt

Debt-to-Equity Ratio1.58

Current Ratio1.68

Quick Ratio1.15

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.30 billion

Price / Sales0.72

Cash FlowN/A

Price / Cash FlowN/A

Book Value$1.94 per share

Price / Book2.57

Profitability

EPS (Most Recent Fiscal Year)($0.83)

Net Income$-386,620,000.00

Net Margins-27.26%

Return on Equity-37.47%

Return on Assets-10.03%

Miscellaneous

Employees3,261

Outstanding Shares186,900,000

Market Cap$930.76 million

Next Earnings Date8/5/2020 (Estimated)

OptionableOptionable

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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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, INFN shares have increased by 13.7% and is now trading at $4.98. 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) released its quarterly earnings data on Tuesday, May, 12th. The communications equipment provider reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.18) by $0.09. The communications equipment provider had revenue of $330.27 million for the quarter, compared to analysts' expectations of $318.31 million. Infinera had a negative net margin of 27.26% and a negative return on equity of 37.47%. The firm's quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the company earned ($0.23) EPS. View Infinera's earnings history.

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

Infinera updated 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 brokerages have issued 1-year target prices for Infinera's shares. Their forecasts range from $3.00 to $10.50. On average, they expect Infinera's stock price to reach $6.71 in the next year. This suggests a possible upside of 34.8% 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?

Media stories about INFN stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Infinera earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave news coverage about the communications equipment provider a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutInfinera.

Who are some of Infinera's key competitors?

Some companies that are related to Infinera include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Ciena (CIEN), Juniper Networks (JNPR), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Calix (CALX), NetGear (NTGR), Ribbon Communications (RBBN), Harmonic (HLIT) and ADTRAN (ADTN). View all 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 retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (1.85%), Victory Capital Management Inc. (1.85%), Geode Capital Management LLC (1.34%), Aristotle Capital Boston LLC (0.79%), Paradigm Capital Management Inc. NY (0.78%) and Bank of New York Mellon Corp (0.54%). 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 Precept Management LLC, A.R.T. Advisors LLC, Parametric Portfolio Associates LLC, EAM Investors LLC, EAM Global Investors LLC, Aristotle Capital Boston LLC, Bank of New York Mellon Corp, and UBS Group AG. View insider buying and selling activity for Infinera.

Which institutional investors are buying Infinera stock?

INFN stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Geode Capital Management LLC, Alyeska Investment Group L.P., Assenagon Asset Management S.A., Russell Investments Group Ltd., Squarepoint Ops LLC, and Nuveen Asset Management LLC. 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 $4.98.

How big of a company is Infinera?

Infinera has a market capitalization of $930.76 million 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 5/30/2020 by MarketBeat.com Staff