NASDAQ:INFN - Infinera Stock Price, Forecast & News

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

Infinera Corp. (NASDAQ:INFN) announced its quarterly earnings results on Tuesday, November, 12th. The communications equipment provider reported ($0.17) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.17). The communications equipment provider had revenue of $325.34 million for the quarter, compared to analyst estimates of $327.09 million. Infinera had a negative net margin of 36.15% and a negative return on equity of 34.56%. The firm's revenue was up 62.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) EPS. View Infinera's Earnings History.

Infinera issued an update on its first quarter earnings guidance on Tuesday, February, 25th. The company provided earnings per share (EPS) guidance of $(0.21)-(0.15) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.09). The company issued revenue guidance of $313-333 million, compared to the consensus revenue estimate of $324.93 million.

10 Wall Street analysts have issued 12-month price objectives for Infinera's shares. Their forecasts range from $6.00 to $8.40. On average, they anticipate Infinera's share price to reach $7.10 in the next twelve months. This suggests that the stock has a possible downside of 9.8%. View Analyst Price Targets for Infinera.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last year. There are currently 1 sell rating, 4 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Infinera.

Press coverage about INFN stock has been trending extremely positive on Wednesday, InfoTrie Sentiment reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Infinera earned a news impact score of 5.0 on InfoTrie's scale. They also gave media headlines about the communications equipment provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Infinera.

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), Finisar (FNSR), InterDigital Wireless (IDCC), Extreme Networks (EXTR), Comtech Telecomm. (CMTL), NetGear (NTGR) and Harmonic (HLIT).

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), Athabasca Oil (ATH), NIC (EGOV), Micron Technology (MU), Starbucks (SBUX), Aegean Marine Petroleum Network (ANW) and Baidu (BIDU).

Infinera's stock is owned by a variety of of institutional and retail investors. Top institutional investors include FMR LLC (15.00%), Victory Capital Management Inc. (1.69%), Bank of America Corp DE (1.67%), Victory Capital Management Inc. (1.64%), Geode Capital Management LLC (1.24%) and Jacobs Levy Equity Management Inc. (1.06%). Company insiders that own Infinera stock include Brad Feller, David W Heard, Marcel Gani, 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 Jefferies Group LLC, Formula Growth Ltd., Penserra Capital Management LLC, Divisar Capital Management LLC, Jane Street Group LLC, Manatuck Hill Partners LLC, Bank of America Corp DE and King Luther Capital Management Corp. View Insider Buying and Selling for Infinera.

INFN stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Driehaus Capital Management LLC, Schonfeld Strategic Advisors LLC, Point72 Asset Management L.P., California Public Employees Retirement System, Jacobs Levy Equity Management Inc. and EAM Investors LLC. 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.

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 $7.88.

Infinera has a market capitalization of $1.42 billion 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.

The official website for Infinera is http://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]