Infinera Corporation Company Profile (NASDAQ:INFN)

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

Infinera Corporation (NASDAQ:INFN) issued its quarterly earnings data on Thursday, August, 3rd. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by $0.01. The firm had revenue of $176.28 million for the quarter, compared to the consensus estimate of $181.16 million. Infinera Corporation had a negative return on equity of 12.39% and a negative net margin of 18.18%. The company's revenue was down 31.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. View Infinera Corporation's Earnings History.

Infinera Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Infinera Corporation.

Infinera Corporation updated its third quarter earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of ~($0.16) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.11). The company issued revenue guidance of ~$190 million, compared to the consensus revenue estimate of $196.80 million.

15 brokerages have issued 12 month price targets for Infinera Corporation's stock. Their forecasts range from $7.00 to $15.00. On average, they expect Infinera Corporation's stock price to reach $11.82 in the next twelve months. View Analyst Ratings for Infinera Corporation.

Here are some recent quotes from research analysts about Infinera Corporation 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. " (8/8/2017)
• 2. Deutsche Bank AG analysts commented, "We hosted INFN's CFO, Head of Metro Business, and IR in a multi-city NDR in Europe earlier this week. Highlights:. Management stuck to their narrative of a gradual FY17+ rebound in INFN's fundamental growth story (~$12B FY20 TAM ex China; 19% CAGR), while acknowledging a highly competitive market in US Cloud and Metro Optical." (3/20/2017)
• 3. Instinet analysts commented, "1Q guidance was in line with to below consensus estimates'disappointing, given that it was INFN's fourth straight guide down and 4Q ended up fine. However, strengthening in Europe/webscale and a solidifying product roadmap lend visibility to sequential growth through 2017. We lift our low-end estimates, raise our target price to $15, and upgrade our rating to Buy." (2/10/2017)

Infinera Corporation saw a increase in short interest during the month of August. As of August 15th, there was short interest totalling 21,575,903 shares, an increase of 9.9% from the July 31st total of 19,628,396 shares. Based on an average daily volume of 3,170,000 shares, the days-to-cover ratio is currently 6.8 days. Approximately 15.1% of the shares of the stock are short sold.

Some companies that are related to Infinera Corporation include Finisar Corporation (FNSR), Viavi Solutions (VIAV), West Corporation (WSTC), Acacia Communications (ACIA), Oclaro (OCLR), Plantronics (PLT), Applied Optoelectronics (AAOI), ADTRAN (ADTN), Vocera Communications (VCRA), Sierra Wireless (SWIR), Spirent Communications Plc (SPT), Comtech Telecommunications Corp. (CMTL), Sonus Networks (SONS), Gilat Satellite Networks (GILT), Digi International (DGII), Calix (CALX), Harmonic (HLIT) and EMCORE Corporation (EMKR).

Infinera Corporation's management team includes the folowing people:

• Kambiz Y. Hooshmand, Independent Chairman of the Board
• David F. Welch Ph.D., President, Director
• Thomas J. Fallon, Chief Executive Officer, Director
• Brad D. Feller, Chief Financial Officer
• James L. Laufman, Senior Vice President, General Counsel, Corporate Secretary
• Robert J. Jandro, Senior Vice President - Worldwide Sales
• John P. Daane, Independent Director
• Marcel Gani, Independent Director
• Paul J. Milbury, Independent Director
• Rajal M. Patel, Independent Director

Infinera Corporation's stock is owned by many different of retail and institutional investors. Top institutional shareholders include FMR LLC (14.22%), Vanguard Group Inc. (8.04%), BlackRock Inc. (6.72%), Bank of New York Mellon Corp (5.32%), Alliancebernstein L.P. (4.07%) and Fisher Asset Management LLC (3.39%). Company insiders that own Infinera Corporation stock include Brad Feller, David F Welch, James Laufman, John Daane, Marcel Gani and Thomas J Fallon. View Institutional Ownership Trends for Infinera Corporation.

Infinera Corporation's stock was sold by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, FMR LLC, Motley Fool Asset Management LLC, Canada Pension Plan Investment Board, Neuberger Berman Group LLC, Fisher Asset Management LLC, King Luther Capital Management Corp and Stoneridge Investment Partners LLC. View Insider Buying and Selling for Infinera Corporation.

Infinera Corporation's stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Jennison Associates LLC, Hood River Capital Management LLC, Alliancebernstein L.P., Divisar Capital Management LLC, Dimensional Fund Advisors LP, Zweig DiMenna Associates LLC and JPMorgan Chase & Co.. Company insiders that have bought Infinera Corporation stock in the last two years include Brad Feller, John Daane, Marcel Gani and Thomas J Fallon. View Insider Buying and Selling for Infinera Corporation.

Shares of Infinera Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Infinera Corporation stock can currently be purchased for approximately $8.45.