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.
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Industry, Sector and Symbol
Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Phone408-572-5200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$943.38 million
Profitability
Miscellaneous
Employees3,876
Next Earnings Date11/5/2019 (Estimated)
OptionableOptionable
Infinera (NASDAQ:INFN) Frequently Asked Questions
What is Infinera's stock symbol?
Infinera trades on the NASDAQ under the ticker symbol "INFN."
How were Infinera's earnings last quarter?
Infinera Corp. (NASDAQ:INFN) released its earnings results on Wednesday, August, 7th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.35) by $0.11. The communications equipment provider earned $296.25 million during the quarter, compared to analyst estimates of $300.40 million. Infinera had a negative net margin of 35.53% and a negative return on equity of 27.60%. The business's revenue was up 42.3% on a year-over-year basis. During the same period last year, the business earned ($0.01) earnings per share. View Infinera's Earnings History.
When is Infinera's next earnings date?
What guidance has Infinera issued on next quarter's earnings?
Infinera updated its third quarter earnings guidance on Wednesday, August, 7th. The company provided EPS guidance of (0.19-0.15) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.15). The company issued revenue guidance of $318-338 million, compared to the consensus revenue estimate of $327.96 million.
What price target have analysts set for INFN?
13 brokerages have issued 12 month price objectives for Infinera's stock. Their forecasts range from $2.99 to $9.00. On average, they anticipate Infinera's share price to reach $5.9490 in the next twelve months. This suggests a possible upside of 9.0% from the stock's current price. View Analyst Price Targets for Infinera.
What is the consensus analysts' recommendation for Infinera?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last year. There are currently 1 sell rating, 7 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Infinera.
What are Wall Street analysts saying about Infinera stock?
Here are some recent quotes from research analysts about Infinera stock:
- 1. According to Zacks Investment Research, "Infinera provides Digital Optical Networking systems to telecommunications carriers, cable operators and other service providers worldwide. Infinera's large-scale photonic integrated circuit incorporates hundred Gigabits per second of transmit and receive capacity and the functionality of more than sixty discrete optical components into a pair of indium phosphide chips. Infinera's DTN system and PIC technology are designed to provide optical networks that provide operating simplicity, enhanced revenue generation, faster time-to-service and capital cost savings. " (8/13/2019)
- 2. Rosenblatt Securities analysts commented, "We shift from cautionary to a more open-minded stance on INFN stock, looking for sustained revenue growth and margin expansion. We maintain our FY19 revenue/EPS estimates, maintain our FY20 revenue estimate, and reduce our FY20 earnings (by -$.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?
Press coverage about INFN stock has trended somewhat negative recently, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources. 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 coverage optimism score of -1.3 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 news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Infinera.
Who are some of Infinera's key competitors?
Some companies that are related to Infinera include Telkom SA Ltd ADS (TLKGY), Fabrinet (FN), Plantronics (PLT), Avaya (AVYA), NetGear (NTGR), AudioCodes (AUDC), ADTRAN (ADTN), Akoustis Technologies (AKTS), DASAN Zhone Solutions (DZSI), Clearfield (CLFD), Sonim Technologies (SONM), Communications Systems (JCS), Clearone (CLRO), AltiGen Communications (ATGN) and Franklin Wireless (FKWL).
What other stocks do shareholders of Infinera own?
Who are Infinera's key executives?
Infinera's management team includes the folowing 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)
Who are Infinera's major shareholders?
Infinera's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Oaktree Capital Management LP (11.69%), Vanguard Group Inc. (8.01%), Divisar Capital Management LLC (1.85%), Northern Trust Corp (1.04%), D. E. Shaw & Co. Inc. (0.67%) and Paradigm Capital Management Inc. NY (0.67%). 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.
Which major investors are selling Infinera stock?
INFN stock was sold by a variety of institutional investors in the last quarter, including Oaktree Capital Management LP, Vanguard Group Inc., D. E. Shaw & Co. Inc., BNP Paribas Arbitrage SA, Balyasny Asset Management LLC, Canada Pension Plan Investment Board, MUFG Securities EMEA plc and Eagle Boston Investment Management Inc.. View Insider Buying and Selling for Infinera.
Which major investors are buying Infinera stock?
INFN stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Heartland Advisors Inc., Paradigm Capital Management Inc. NY, Atria Investments LLC, Atria Investments LLC, Divisar Capital Management LLC, King Luther Capital Management Corp 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, Robert J Jandro and Thomas J Fallon. View Insider Buying and Selling 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 $5.46.
How big of a company is Infinera?
Infinera has a market capitalization of $979.52 million and generates $943.38 million in revenue each year. The communications equipment provider earns $-214,290,000.00 in net income (profit) each year or ($0.64) on an earnings per share basis. Infinera employs 3,876 workers across the globe.View Additional Information About Infinera.
What is Infinera's official website?
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]
MarketBeat Community Rating for Infinera (NASDAQ INFN)
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.
