Infinera Corporation (INFN)
Market Cap | 1.45B |
Revenue (ttm) | 1.53B |
Net Income (ttm) | -78.20M |
Shares Out | 234.29M |
EPS (ttm) | -0.34 |
PE Ratio | n/a |
Forward PE | 28.23 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 6,223,522 |
Open | 6.12 |
Previous Close | 6.11 |
Day's Range | 6.11 - 6.21 |
52-Week Range | 2.82 - 6.62 |
Beta | 1.57 |
Analysts | Buy |
Price Target | 7.11 (+14.68%) |
Earnings Date | Aug 7, 2024 |
About INFN
Infinera Corporation manufactures semiconductors, and supplies networking equipment, optical semiconductors, software, and services worldwide. It provides Infinera GX series for modular and sled-based platforms to support a various transport network applications; Infinera Cloud Xpress Family that is designed to meet the needs of internet content providers (ICPs), communication service providers, internet exchange service providers, enterprises, and other large-scale data center operators; and Infinera XT series, a platform that is designed to p... [Read more]
Financial Performance
In 2023, Infinera's revenue was $1.61 billion, an increase of 2.60% compared to the previous year's $1.57 billion. Losses were -$25.21 million, -66.84% less than in 2022.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for INFN stock is "Buy." The 12-month stock price forecast is $7.11, which is an increase of 14.68% from the latest price.
News
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INFINERA INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Infinera Corporation - INFN
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Infinera Corpora...
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Japan's APRESIA Systems Expands Access Network Solutions Portfolio with Integration of Infinera ICE-X Coherent Pluggables
SAN JOSE, Calif., July 01, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today it is expanding its partnership with APRESIA Systems, Ltd. (APRESIA), a Japanese provider of network infrast...
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INFN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Infinera Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Infinera Corporation (NASDAQ: INFN) to Nokia is fair to Infinera shareholders. For each I...
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Correction: Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap
Nokia CorporationInside Information 28 June 2024 at 22:00 EEST Correction: Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap Nokia Corp...
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Nokia is buying Infinera to play the AI boom
Infinera Corp (NASDAQ: INFN) is up 20% on Friday after Nokia Oyj disclosed plans of buying the California-based company for $2.3 billion. Shares of the telecommunications giant are roughly flat at wr...
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Shareholder Alert: Ademi LLP investigates whether Infinera Corporation has obtained a Fair Price for its Public Shareholders
MILWAUKEE , June 28, 2024 /PRNewswire/ -- Ademi LLP is investigating Infinera (NASDAQ: INFN) for possible breaches of fiduciary duty and other violations of law in its transaction with Nokia. Click he...
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INFN Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Infinera to Nokia
MONSEY, N.Y., June 28, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Infinera Corporation (Nasdaq: INFN) (“Infinera”) to Nokia for ...
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Infinera Soars After $2.3 Billion Deal to Be Acquired by Nokia
Shares of Infinera (INFN) soared in premarket trading Friday, a day after the optical networking solutions company agreed to be acquired by Finnish telecommunications firm Nokia (NOK) for $2.3 billion...
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Infinera Stock Soars on Nokia Acquisition. It's Challenging Ciena and Huawei.
The combined Nokia and Infinera will have a market share of around 20% globally, broadly equal to Ciena but lagging Huawei's 31% share.
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Nokia taps AI boom with $2.3 bln Infinera purchase
Nokia's bid to buy U.S. optical networking gear maker Infinera in a $2.3 billion deal puts the Finnish company on track to gain from the billions of dollars in investment pouring into data centres to ...
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Nokia to acquire Infinera for $2.3-billion to scale up optical business
Finnish telecommunications major Nokia Corporation will be acquiring California-based telecommunication equipment company Infinera Corporation for $2.3 billion in a bid to scale up its optical busines...
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Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap
Nokia CorporationInside Information 27 June 2024 at 23:50 EEST Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap Creates a highly scale...
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Nokia considering potential acquisition of Infinera, Bloomberg News reports
Nokia is exploring a potential acquisition of Infinera Corp , a maker of optical telecommunications equipment, Bloomberg News reported on Thursday, citing people familiar with the matter.
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Infinera, DZS, and Calnex Successfully Demonstrate 5G Mobile xHaul with Open XR Point-to-Multipoint Optics in European Open Test & Integration Center in Torino
SAN JOSE, Calif., June 17, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today a successful multi-vendor demonstration of 5G mobile broadband xHaul using coherent open XR optics point-to-...
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Digicel Deploys Infinera's GX Series for Deep Blue One Subsea Cable System
SAN JOSE, Calif., June 12, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Digicel has deployed Infinera's GX Series, featuring Infinera's ICE6 800G and FlexILS solutions, to lig...
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Infinera Corporation Announces Notification of Delinquency with Nasdaq
SAN JOSE, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it received an expected delinquency notification letter from the Listing Qualifications Staff of The Nas...
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Infinera to Participate in J.P. Morgan's 2024 Global Technology, Media and Communications Conference
SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it will participate in the following webcasted investor conference:
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Infinera Names Regan MacPherson Chief Legal Officer and Corporate Secretary
SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Regan MacPherson has been named Chief Legal Officer and Corporate Secretary, effective May 18. Ms. MacPh...
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Super Sistem Selects Infinera's GX Series for SSBS Cable System to Expand Connectivity to Indonesia
SAN JOSE, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Indonesian network operator Super Sistem Group (Super Sistem) has selected Infinera's GX Series and ICE6...
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Infinera Corporation Reports Preliminary First Quarter 2024 Financial Results
SAN JOSE, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released preliminary financial results for its first quarter ended March 30, 2024. Although presented with ...
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Infinera to Announce Preliminary Fiscal First Quarter 2024 Financial Results on May 14, 2024
SAN JOSE, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its preliminary financial results for the first quarter of fiscal 2024 ended...
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Infinera Corporation Fourth Quarter and Fiscal 2023 Summary of Key Financial Results
SAN JOSE, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) has issued a press release with a summary of key financial results for the fourth quarter and fiscal year ended D...
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Infinera Provides Update on the Expected Filing of its Fiscal 2023 Form 10-K
SAN JOSE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it expects to file its fiscal year 2023 Annual Report on Form 10-K on or before May 13, 2024...
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Infinera GX Series Powers Paratus Superhighway Network Between Johannesburg and Europe
SAN JOSE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Paratus Group, a leading network provider in Africa, deployed Infinera's GX Series and FlexILS soluti...
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Aire Networks Deploys Infinera's ICE-X Intelligent Coherent Pluggable Solution to Increase Capacity of Its Single-fiber Network
SAN JOSE, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Aire Networks, a subsidiary of Grupo Aire, deployed Infinera's software-programmable ICE-X coherent pl...