Infinera Stock Forecast, Price & News

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 41.8% and is now trading at $6.21.
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15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last year. There are currently 3 sell ratings, 4 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Infinera is scheduled to release its next quarterly earnings announcement on Tuesday, November 10th 2020.
View our earnings forecast for Infinera.

Infinera Corp. (NASDAQ:INFN) issued its quarterly earnings data on Wednesday, August, 5th. The communications equipment provider reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.14) by $0.05. The communications equipment provider earned $331.59 million during the quarter, compared to analysts' expectations of $316.51 million. Infinera had a negative net margin of 22.76% and a negative return on equity of 34.82%.
View Infinera's earnings history.

Infinera issued an update on its third quarter 2020 After-Hours earnings guidance on Wednesday, August, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $325-345 million, compared to the consensus revenue estimate of $331.47 million.

15 brokerages have issued 1-year price targets for Infinera's shares. Their forecasts range from $3.00 to $15.00. On average, they expect Infinera's stock price to reach $8.08 in the next year. This suggests a possible upside of 30.1% from the stock's current price.
View analysts' price targets for Infinera.

Infinera saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 29,980,000 shares, an increase of 8.2% from the July 30th total of 27,720,000 shares. Based on an average trading volume of 3,650,000 shares, the days-to-cover ratio is presently 8.2 days.
View Infinera's Short Interest.

Some companies that are related to Infinera include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), Juniper Networks (JNPR), F5 Networks (FFIV), Ciena (CIEN), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Calix (CALX), NetGear (NTGR), Ribbon Communications (RBBN), Harmonic (HLIT) and Plantronics (PLT).
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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), Micron Technology (MU), Athabasca Oil (ATH), NIC (EGOV), Starbucks (SBUX), Advanced Micro Devices (AMD) and Aegean Marine Petroleum Network (ANW).

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

Infinera's stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (14.96%), Vanguard Group Inc. (8.36%), Greenhouse Funds LLLP (4.12%), Neuberger Berman Group LLC (2.40%), Victory Capital Management Inc. (1.93%) and Bank of America Corp DE (1.76%). Company insiders that own Infinera stock include Brad Feller, David F Welch, David W Heard, Marcel Gani, Michael H Fernicola, Oaktree Fund Gp, Llc, Optical Holdings LP Oaktree, Paul J Milbury, 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 Vanguard Group Inc., Teton Advisors Inc., Bank of New York Mellon Corp, Nuveen Asset Management LLC, Formula Growth Ltd., Neuberger Berman Group LLC, California Public Employees Retirement System, and Two Sigma Advisers LP. Company insiders that have sold Infinera company stock in the last year include David F Welch, Michael H Fernicola, and Paul J Milbury.
View insider buying and selling activity for Infinera.

INFN stock was acquired by a variety of institutional investors in the last quarter, including Greenhouse Funds LLLP, Point72 Asset Management L.P., FMR LLC, Zweig DiMenna Associates LLC, Jacobs Levy Equity Management Inc., First Trust Advisors LP, Paradigm Capital Management Inc. NY, and Victory Capital Management Inc.. 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.

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 $6.21.

Infinera has a market capitalization of $1.16 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.

The official website for Infinera is www.infinera.com.

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]