Infinera Corporation (INFN)
| 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 | 23.31 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 768,339 |
| Open | 6.63 |
| Previous Close | 6.61 |
| Day's Range | 6.61 - 6.65 |
| 52-Week Range | 3.79 - 6.92 |
| Beta | 1.71 |
| Analysts | Buy |
| Price Target | 6.76 (+1.81%) |
| Earnings Date | Nov 5, 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 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.
News
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...
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...
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.
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....
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...
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...
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...
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...
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...
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...
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.
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...
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...
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...
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...
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...
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...
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...
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.
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 ...
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...
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...
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.
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-...
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...