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S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
3 Stocks Set to Lead the Nasdaq Bull Market
Norway hits export record amid soaring gas prices
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
Is Ford About To Crush Workhorse Group? 
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
3 Stocks Set to Lead the Nasdaq Bull Market
Norway hits export record amid soaring gas prices
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
Is Ford About To Crush Workhorse Group? 
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
3 Stocks Set to Lead the Nasdaq Bull Market
Norway hits export record amid soaring gas prices
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
Is Ford About To Crush Workhorse Group? 
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
NASDAQ:INFN

Infinera - INFN Stock Forecast, Price & News

$5.63
0.00 (0.00%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$5.51
$5.74
50-Day Range
$4.72
$6.55
52-Week Range
$4.67
$9.86
Volume
5.55 million shs
Average Volume
4.87 million shs
Market Capitalization
$1.22 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
75.1% Upside
$9.86 Price Target
Short Interest
Bearish
10.45% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.87mentions of Infinera in the last 14 days
Based on 7 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.

2.12 out of 5 stars

Computer And Technology Sector

421st out of 664 stocks

Telephone & Telegraph Apparatus Industry

6th 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.

Wall Street Analyst Weigh In

Several brokerages have commented on INFN. B. Riley dropped their price target on shares of Infinera from $12.50 to $11.00 in a research note on Wednesday, May 4th. MKM Partners reiterated a "buy" rating and issued a $9.00 price target on shares of Infinera in a research note on Thursday, August 4th. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price objective on shares of Infinera in a report on Monday, May 16th. JPMorgan Chase & Co. decreased 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. Finally, Citigroup decreased their price objective on Infinera from $9.00 to $6.50 in a report on Thursday, July 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $9.86.

Infinera Price Performance

Shares of NASDAQ:INFN remained flat at $5.63 during mid-day trading on Monday. The company had a trading volume of 5,545,505 shares, compared to its average volume of 2,537,011. The company has a debt-to-equity ratio of 5.49, a quick ratio of 1.11 and a current ratio of 1.67. The business's fifty day moving average is $5.56 and its 200 day moving average is $6.93. Infinera has a 52-week low of $4.67 and a 52-week high of $9.86. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -6.38 and a beta of 1.10.

Infinera (NASDAQ:INFN - Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The communications equipment provider reported ($0.05) earnings per share 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 firm had revenue of $357.99 million during the quarter, compared to the consensus estimate of $350.62 million. During the same period last year, the company earned ($0.09) earnings per share. The company's revenue for the quarter was up 5.8% on a year-over-year basis. Analysts anticipate that Infinera will post -0.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO David W. Heard purchased 6,500 shares of the firm's stock in a transaction that occurred on Thursday, May 19th. The stock was purchased at an average cost of $5.72 per share, with a total value of $37,180.00. Following the completion of the acquisition, the chief executive officer now directly owns 608,740 shares in the company, valued at $3,481,992.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other Infinera news, Director George Andrew Riedel bought 10,000 shares of Infinera stock in a transaction on Friday, June 10th. The stock was bought at an average price of $5.28 per share, with a total value of $52,800.00. Following the completion of the acquisition, the director now owns 82,451 shares in the company, valued at $435,341.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Heard bought 6,500 shares of Infinera stock in a transaction on Thursday, May 19th. The stock was acquired at an average cost of $5.72 per share, with a total value of $37,180.00. Following the acquisition, the chief executive officer now owns 608,740 shares of the company's stock, valued at approximately $3,481,992.80. The disclosure for this purchase can be found here. Corporate insiders own 1.19% 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
8/16/2022
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
+75.1%
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
$1.54 per share

Miscellaneous

Free Float
214,352,000
Market Cap
$1.22 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 research analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last twelve months. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research 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 analysts have issued 1 year price objectives for Infinera's shares. Their INFN share price forecasts range from $6.50 to $15.00. On average, they predict the company's stock price to reach $9.86 in the next twelve months. This suggests a possible upside of 75.1% 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 41.3% and is now trading at $5.63.
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) released its quarterly earnings data 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 had revenue of $357.99 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business earned ($0.09) earnings per share.

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

Infinera issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided EPS 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 many different retail and institutional investors. Top institutional investors include FMR LLC (14.88%), Brown Advisory Inc. (4.92%), Aristotle Capital Boston LLC (1.32%), Victory Capital Management Inc. (1.04%), Needham Investment Management LLC (0.97%) and Kennedy Capital Management Inc. (0.90%). 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 $5.63.

How much money does Infinera make?

Infinera (NASDAQ:INFN) has a market capitalization of $1.22 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 8/16/2022 by MarketBeat.com Staff

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