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S&P 500   4,282.37
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MarketBeat Week in Review – 5/29 - 6/2
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
NASDAQ:INFN

Infinera (INFN) Stock Forecast, Price & News

$4.88
+0.09 (+1.88%)
(As of 06/2/2023 ET)
Compare
Today's Range
$4.73
$4.89
50-Day Range
$4.72
$7.76
52-Week Range
$4.26
$7.80
Volume
3.71 million shs
Average Volume
2.95 million shs
Market Capitalization
$1.10 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.50

Infinera MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
74.2% Upside
$8.50 Price Target
Short Interest
Bearish
16.86% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.45mentions of Infinera in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$29,700 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.02) to $0.22 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.93 out of 5 stars

Computer And Technology Sector

412th out of 609 stocks

Telephone & Telegraph Apparatus Industry

9th out of 12 stocks


INFN stock logo

About Infinera (NASDAQ:INFN) Stock

Infinera Corp. engages in the provision of networking solutions, which consists of networking equipment, software and services. It operates through the following geographical segments: United States, Other Americas, Europe, Middle East and Africa, and Asia Pacific and Japan. Its products include control and automation, network routers, packet optical, and compact modular. The company was founded by David F. Welch, Drew Daniel Perkins, and Jagdeep Singh in December 2000 and is headquartered in San Jose, CA.

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INFN Stock News Headlines

NOTICE: Your retirement is in immediate danger
Soon you may be forced to spend your afternoons packing grocery bags at Walmart instead of going to the park with your grandchildren. Why? Because not only could your money be worth even less than it already is now, but certain stocks and cryptocurrencies could drop by 80%. Even your social security check could be worth 21% less! Learn how to protect your retirement here >>>
Infinera Corporation's (NASDAQ:INFN) Profit Outlook
Infinera (NASDAQ: INFN)
NOTICE: Your retirement is in immediate danger
Soon you may be forced to spend your afternoons packing grocery bags at Walmart instead of going to the park with your grandchildren. Why? Because not only could your money be worth even less than it already is now, but certain stocks and cryptocurrencies could drop by 80%. Even your social security check could be worth 21% less! Learn how to protect your retirement here >>>
Infinera refinances senior convertible notes
Infinera (NASDAQ:INFN) Price Target Cut to $6.00
Infinera (INFN) Q1 2023 Earnings Call Transcript
Infinera: Several Long-Term Catalysts
See More Headlines

INFN Price History

INFN Company Calendar

Last Earnings
5/03/2023
Today
6/03/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:INFN
CUSIP
45667G10
Employees
3,267
Year Founded
2000

Price Target and Rating

Average Stock Price Forecast
$8.50
High Stock Price Forecast
$15.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+74.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$-76,040,000.00
Pretax Margin
-1.53%

Debt

Sales & Book Value

Annual Sales
$1.57 billion
Cash Flow
$0.31 per share
Book Value
$0.83 per share

Miscellaneous

Free Float
222,954,000
Market Cap
$1.10 billion
Optionable
Optionable
Beta
1.43

Social Links


Key Executives

  • David W. Heard
    Chief Executive Officer & Director
  • Craig S. Cocchi
    Senior Vice President-Global Operations
  • Nancy Louise Erba
    Chief Financial Officer
  • David F. WelchDavid F. Welch
    Director & Chief Innovation Officer
  • Alexander Derecho
    Senior Vice President-Global Services













INFN Stock - Frequently Asked Questions

Should I buy or sell Infinera stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last year. There are currently 1 sell rating, 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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 2023?

5 brokerages have issued 1-year target prices for Infinera's shares. Their INFN share price forecasts range from $6.00 to $15.00. On average, they expect the company's share price to reach $8.50 in the next year. This suggests a possible upside of 74.2% 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 2023?

Infinera's stock was trading at $6.74 at the start of the year. Since then, INFN stock has decreased by 27.6% and is now trading at $4.88.
View the best growth stocks for 2023 here
.

When is Infinera's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our INFN earnings forecast
.

How were Infinera's earnings last quarter?

Infinera Co. (NASDAQ:INFN) posted its earnings results on Wednesday, May, 3rd. The communications equipment provider reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.04. The communications equipment provider had revenue of $392.08 million for the quarter, compared to analysts' expectations of $381.39 million. Infinera had a negative trailing twelve-month return on equity of 9.66% and a negative net margin of 2.62%. The firm's quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.13) earnings per share.

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

Infinera updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of -$0.08-$0.02 for the period, compared to the consensus earnings per share estimate of $0.02. The company issued revenue guidance of $355.00 million-$395.00 million, compared to the consensus revenue estimate of $400.53 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 a number of institutional and retail investors. Top institutional investors include FMR LLC (14.80%), Shapiro Capital Management LLC (6.65%), Brown Advisory Inc. (5.56%), Greenhouse Funds LLLP (3.57%), Barrow Hanley Mewhinney & Strauss LLC (2.30%) and Geode Capital Management LLC (1.67%). 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, 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 $4.88.

How much money does Infinera make?

Infinera (NASDAQ:INFN) has a market capitalization of $1.10 billion and generates $1.57 billion in revenue each year. The communications equipment provider earns $-76,040,000.00 in net income (profit) each year or ($0.21) on an earnings per share basis.

How many employees does Infinera have?

The company employs 3,267 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
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 6/4/2023 by MarketBeat.com Staff

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