Infinera Corporation (INFN)
| Market Cap | 1.71B |
| Revenue (ttm) | 1.36B |
| Net Income (ttm) | -129.74M |
| Shares Out | 206.78M |
| EPS (ttm) | -0.65 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,258,365 |
| Open | 8.20 |
| Previous Close | 8.37 |
| Day's Range | 8.11 - 8.27 |
| 52-Week Range | 5.78 - 11.51 |
| Beta | 1.20 |
| Analysts | Buy |
| Price Target | 10.30 (+25.5%) |
| Est. Earnings Date | Nov 4, 2021 |
About INFN
Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management ch...
Financial Performance
In 2020, Infinera's revenue was $1.36 billion, an increase of 4.37% compared to the previous year's $1.30 billion. Losses were -$206.72 million, -46.53% less than in 2019.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for Infinera stock is "Buy." The 12-month stock price forecast is 10.30, which is an increase of 25.46% from the latest price.
News
South Reach Networks Offers New Services Powered by Infinera's Industry-leading Open Optical Solutions
SAN JOSE, Calif., and MIAMI, Aug. 30, 2021 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and South Reach Networks (SRN) announced today that SRN's southeast U.S. long-haul and metro networks are now live....
Infinera Strengthens Executive Leadership Team to Accelerate Next Phase of Growth in New Era of Open Optical Networking
SAN JOSE, Calif., Aug. 17, 2021 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) today announced new executive appointments to strengthen its leadership team as it further aligns its business to maximize mar...
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Sparkle Boosts Its Nibble Mediterranean and European Optical Backbone Capabilities, Selecting Infinera's ICE6 800G So...
SAN JOSE, Calif., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Sparkle, the international service provider of TIM Group and among the top 10 global operators, selected ...
Infinera (INFN) Reports Q2 Loss, Lags Revenue Estimates
Infinera (INFN) delivered earnings and revenue surprises of 40.00% and -1.73%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Infinera Corporation Reports Second Quarter 2021 Financial Results
SAN JOSE, Calif., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its second quarter ended June 26, 2021.
TPG Telecom Selects Infinera's ICE6 800G Solution to Boost Pacific Submarine Cable Capacity by 50 Percent
SAN JOSE, Calif. and SYDNEY, Australia, July 28, 2021 (GLOBE NEWSWIRE) -- TPG Telecom and Infinera (NASDAQ: INFN) announced today a major technology upgrade of TPG Telecom's submarine cable connecting A...
Will Infinera (INFN) Report Negative Earnings Next Week? What You Should Know
Infinera (INFN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Infinera to Announce Fiscal Second Quarter 2021 Financial Results on August 3, 2021
SAN JOSE, Calif., July 20, 2021 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its financial results for the second quarter of fiscal 2021 ended June 26, 20...
Seaborn Selects Infinera's ICE6 Technology and Expands Spectrum Delivery in the Americas
SAN JOSE, Calif., July 06, 2021 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and Seaborn Networks (Seaborn), a leading developer-owner-operator of submarine fiber optic cable systems, announced today the...
Infinera Just Gave Investors 4 More Reasons to Buy Its Stock
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Infinera (INFN) Enters Overbought Territory
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Keeley Teton Comments on Infinera
Infinera Corporation ( INFN , Financial) designs and builds network equipment for optical transport, which is thehigh-speed transmission of data in the form of light waves. After exiting the year near t...
PEACE Cable and PCCW Global to leverage Infinera's ICE6 for high-performance PEACE submarine cable system
SAN JOSE, Calif., June 08, 2021 (GLOBE NEWSWIRE) -- PEACE Cable International Network Co., Limited, an international submarine cable system company which is devoted to interconnected global communicatio...
UFINET Selects Infinera's ICE6 800G Technology for Colombia Network
SAN JOSE, Calif., June 01, 2021 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that UFINET, a neutral infrastructure wholesale operator in Latin America, selected Infinera's industry-leadin...
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HOTnet Deploys Infinera's Open Optical Networking Solutions to Power Long-haul Transport Network
SAN JOSE, Calif., May 24, 2021 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and Hokkaido Telecommunications Network Co., Ltd. (HOTnet) announced today the deployment of Infinera's open optical networking...
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Infinera Completes Successful Trial of XR Optics with NBN Co
SAN JOSE, Calif., May 12, 2021 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that NBN Co, Australia's wholesale open-access broadband provider, completed a successful proof of concept of X...
Infinera (INFN) Reports Q1 Loss, Misses Revenue Estimates
Infinera (INFN) delivered earnings and revenue surprises of 50.00% and -0.13%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Infinera Corporation Reports First Quarter 2021 Financial Results
SAN JOSE, Calif., May 04, 2021 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its first quarter ended March 27, 2021.
Infinera Expands Open Optical Portfolio to Include Latest Generation of 400G Pluggable Optics
SAN JOSE, Calif., May 04, 2021 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today the availability of metro-optimized 400G pluggable optics-based solutions for the XTM Series and GX Series Comp...
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