Infinera Corporation (INFN)

NASDAQ: INFN · Real-Time Price · USD
6.64
-0.01 (-0.15%)
At close: Feb 27, 2025, 4:00 PM
6.65
+0.01 (0.15%)
After-hours: Feb 27, 2025, 6:58 PM EST
-0.15%
Market Cap 1.57B
Revenue (ttm) 1.46B
Net Income (ttm) -111.12M
Shares Out 236.80M
EPS (ttm) -0.48
PE Ratio n/a
Forward PE 26.49
Dividend n/a
Ex-Dividend Date n/a
Volume 8,706,267
Open 6.66
Previous Close 6.65
Day's Range 6.64 - 6.66
52-Week Range 4.41 - 6.92
Beta 1.63
Analysts Buy
Price Target 6.76 (+1.81%)
Earnings Date Mar 10, 2025

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]

Sector Technology
IPO Date Jun 7, 2007
Employees 3,389
Stock Exchange NASDAQ
Ticker Symbol INFN
Full Company Profile

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 Statements

Analyst Forecast

According to 9 analysts, the average rating for INFN stock is "Buy." The 12-month stock price forecast is $6.76, which is an increase of 1.81% from the latest price.

Price Target
$6.76
(1.81% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Infinera Corporation Fourth Quarter and Fiscal 2024 Financial Results

FY'24 Highlights: Year-over-year growth in bookings and backlog; book-to-bill ratio of approximately 1.1x for FY'24 and 1.3x for Q4'24 Record revenue with webscalers - total revenue exposure (direct a...

4 hours ago - GlobeNewsWire

EU approves $2.3 billion takeover of Infinera by Nokia

The EU Commission on Wednesday said it had unconditionally approved the $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera by Nokia.

Other symbols: NOK
1 day ago - Reuters

Exclusive: EU set to clear Nokia's $2.3 bln Infinera deal without conditions, sources say

EU antitrust regulators are set to clear without conditions Nokia's $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera , people with direct knowledge of th...

Other symbols: NOK
13 days ago - Reuters

Undercovered Dozen: Nokia, Juniper Networks, Hanesbrands, Infinera +

The 'Undercovered' Dozen series highlights 12 lesser-covered stocks, offering investment ideas and sparking discussion among investors. Hanesbrands, BAE Systems, Westaim Corporation, Sun Communities, ...

Other symbols: HBIJNPRNOK
26 days ago - Seeking Alpha

C3ntro Telecom Upgrades Data Center Network in Mexico with Infinera's GX Series Solution

SAN JOSE, Calif., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that C3ntro Telecom (C3ntro), Mexico's leading provider in AI-enabled fiber networks and data center connect...

5 weeks ago - GlobeNewsWire

Nokia launches share buyback program to offset the dilutive effect of the Infinera acquisition

Nokia CorporationStock Exchange Release22 November 2024 at 12:15 EET Nokia launches share buyback program to offset the dilutive effect of the Infinera acquisition Espoo, Finland – In line with the an...

Other symbols: NOK
3 months ago - GlobeNewsWire

Nokia Board of Directors resolved on issuing shares without consideration to the company and a subsequent directed issuance related to the planned completion of the Infinera Corporation acquisition

Nokia CorporationStock Exchange Release22 November 2024 at 11:45 EET Nokia Board of Directors resolved on issuing shares without consideration to the company and a subsequent directed issuance related...

Other symbols: NOK
3 months ago - GlobeNewsWire

Infinera Corporation Reports Third Quarter 2024 Financial Results

SAN JOSE, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its third quarter ended September 28, 2024.

4 months ago - GlobeNewsWire

Infinera Signs Non-Binding Preliminary Memorandum of Terms to Receive Up to $93 Million in CHIPS Act Funding

Proposed funding, combined with investment tax credits, could result in more than $200 million in total federal incentives to expand production and packaging of semiconductors to support critical U.S....

4 months ago - GlobeNewsWire

Don't Sleep on Nokia: Quietly Accelerating Into Infinera Merger

Nokia Oyj is a worldwide provider of telecom equipment and network infrastructure solutions. The computer and technology sector giant is a major facilitator of 5G and 4G infrastructure deployment alon...

Other symbols: NOK
4 months ago - Benzinga

Converge Selects Infinera's 1.2T ICE7

SAN JOSE, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Converge ICT Solutions Inc. (PSE: CNVRG), the leading fiber broadband and technology solutions provider...

5 months ago - GlobeNewsWire

Poka Lambro Deploys Infinera to Expand Its Middle-mile Network and Increase West Texas Communities' Opportunity and Competitiveness

SAN JOSE, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Poka Lambro Telecommunications (Poka Lambro) has deployed Infinera's XTM Series to upgrade its regional...

5 months ago - GlobeNewsWire

Infinera's Commitment to Emission Reduction Validated by Science Based Targets initiative

SAN JOSE, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that its greenhouse gas (GHG) emission reduction targets have been validated by the Science Based Targets i...

5 months ago - GlobeNewsWire

Infinera Reminds Infinera Stockholders of Deadline for Infinera Stockholders to Elect Form of Merger Consideration

SAN JOSE, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) (“Infinera”) today reminded Infinera stockholders of the upcoming deadline to elect the form of merger consider...

5 months ago - GlobeNewsWire

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...

Other symbols: NOK
6 months ago - Business Wire

Infinera Corporation Reports Second Quarter 2024 Financial Results

SAN JOSE, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its second quarter ended June 29, 2024.

7 months ago - GlobeNewsWire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates INFN, DM on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / July 3, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breach...

Other symbols: DM
8 months ago - Accesswire

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...

Other symbols: NOK
8 months ago - Business Wire

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...

8 months ago - GlobeNewsWire

Nokia: Infinera Deal Isn't A Catalyst

Nokia, struggling to generate growth in a tough telecom equipment market, has acquired Infinera in a deal that doesn't move the needle. The optical networking market is only targeted at 5% CAGR, missi...

Other symbols: NOK
8 months ago - Seeking Alpha

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...

Other symbols: NOK
8 months ago - GlobeNewsWire

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...

Other symbols: NOK
8 months ago - Invezz

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...

Other symbols: NOK
8 months ago - Investopedia

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.

Other symbols: CIENNOK
8 months ago - Barrons

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 ...

Other symbols: NOK
8 months ago - Reuters