Infinera Corporation (INFN)

NASDAQ: INFN · IEX Real-Time Price · USD
4.710
+0.180 (3.97%)
At close: Mar 18, 2024, 4:00 PM
4.750
+0.040 (0.85%)
After-hours: Mar 18, 2024, 7:20 PM EDT
3.97%
Market Cap 1.10B
Revenue (ttm) 1.65B
Net Income (ttm) -4.63M
Shares Out 231.42M
EPS (ttm) -0.01
PE Ratio n/a
Forward PE 52.82
Dividend n/a
Ex-Dividend Date n/a
Volume 2,827,590
Open 4.500
Previous Close 4.530
Day's Range 4.460 - 4.770
52-Week Range 2.820 - 7.800
Beta 1.56
Analysts Buy
Price Target 6.51 (+38.22%)
Earnings Date Mar 6, 2024

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... [Read more]

Sector Technology
IPO Date Jun 7, 2007
Employees 3,267
Stock Exchange NASDAQ
Ticker Symbol INFN
Full Company Profile

Financial Performance

In 2022, Infinera's revenue was $1.57 billion, an increase of 10.39% compared to the previous year's $1.43 billion. Losses were -$76.04 million, -55.47% less than in 2021.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for INFN stock is "Buy." The 12-month stock price forecast is $6.51, which is an increase of 38.22% from the latest price.

Price Target
$6.51
(38.22% upside)
Analyst Consensus: Buy
Stock Forecasts

News

INFN STOCK ALERT: Levi & Korsinsky Notifies Infinera Corporation Investors of an Ongoing Investigation

NEW YORK, NY / ACCESSWIRE / March 18, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Infinera Corporation ("Infinera Corporation") (NASDAQ:INFN) concerning possib...

23 hours ago - Accesswire

Infinera Corporation Announces Notification of Delinquency with Nasdaq

SAN JOSE, Calif., March 15, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it received an expected delinquency notification letter from the Listing Qualifications Staff of The N...

3 days ago - GlobeNewsWire

Infinera Announces New Line of High-performance 1.6 Tb/s Optics to Reduce Power per Bit by up to 75% for AI-driven Intra-Data Center Connectivity Applications

SAN JOSE, Calif. , March 14, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today ICE-D, a new line of high-speed intra-data center optics based on monolithic indium phosphide (InP) photon...

4 days ago - GlobeNewsWire

Infinera Corporation Investigated by Shareholder Rights Advocates - Investors Should Contact Levi & Korsinsky Regarding Potential Securities Law Violations - INFN

NEW YORK, NY / ACCESSWIRE / March 14, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Infinera Corporation ("Infinera Corporation") (NASDAQ:INFN) concerning possib...

4 days ago - Accesswire

DriveNets and Infinera Complete Joint Solution Certification of Infinera ZR/ZR+ Optical Modules with DriveNets Network Cloud

The combined DriveNets/Infinera solution allows operators to build converged network infrastructures, lowering network OpEx RA'ANANA, Israel and SAN JOSE, Calif. , March 13, 2024 /PRNewswire/ --  Driv...

5 days ago - PRNewsWire

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Infinera Corporation (INFN) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Infinera Corporat...

10 days ago - Business Wire

Lost Money in Infinera? Gibbs Law Group Investigates Potential Securities Law Violations

OAKLAND, Calif.--(BUSINESS WIRE)---- $INFN #INFN--Shares of Infinera Corporation dropped over 11% on March 7, 2024, after the company found “material weaknesses” in its financial reporting—following a...

11 days ago - Business Wire

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Infinera Corporation (INFN) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Infinera Corporation (“Infinera” or the “Company”) (NASDAQ: INFN) investors concerning the Compan...

11 days ago - Business Wire

The Law Offices of Frank R. Cruz Announces Investigation of Infinera Corporation (INFN) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Infinera Corporation (“Infinera” or the “Company”) (NASDAQ: INFN) on behalf of investors concerning the Com...

11 days ago - Business Wire

Infinera Corporation Announces Preliminary Unaudited Fourth Quarter 2023 Financial Results

SAN JOSE, Calif., March 06, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) ("Infinera" or the “Company”) today released preliminary financial results for its fourth quarter ended Decembe...

12 days ago - GlobeNewsWire

Infinera Announces Availability of Next Generation Multi-haul Optical Line System Functionality for Industry-leading GX Series Platform

SAN JOSE, Calif., March 06, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today commercial availability of next generation multi-haul optical line system (OLS) functionality on the GX Ser...

12 days ago - GlobeNewsWire

Infinera Corporation to Announce Preliminary Unaudited Fourth Quarter Fiscal 2023 Financial Results and Outlook for the First Quarter of Fiscal 2024 on March 6, 2024

SAN JOSE, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) ("Infinera” or the “Company”) announced today that it intends to file its Quarterly Report on Form 10-Q for the ...

4 weeks ago - GlobeNewsWire

Orange Deploys Infinera's GX Series to Power AMITIE Subsea Cable, Delivering Global Connectivity on the World's Busiest Route

SAN JOSE, Calif., Jan. 15, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Orange deployed Infinera's GX Series-based ICE6 coherent solution on its new AMITIE subsea cable, which...

2 months ago - GlobeNewsWire

Infinera Expects Preliminary Fourth Quarter 2023 Revenue and Net Income per Diluted Share to be Within or Exceed the Outlook Ranges Provided on November 8, 2023 and Submits Plan of Listing Compliance to Nasdaq

SAN JOSE, Calif., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) (the “Company” or “Infinera”) today reaffirmed certain preliminary unaudited financial result ranges for the thi...

2 months ago - GlobeNewsWire

Xarxa Oberta de Catalunya Deploys Infinera's Optical Transport Solution for Fiber Optic Networks in Catalonia Region

SAN JOSE, Calif., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Xarxa Oberta de Catalunya, also known as Xarxa Oberta or XOC, the leading network provider in Catalonia...

2 months ago - GlobeNewsWire

Western James Bay Telecom Network Selects Infinera to Expand Broadband Services to Rural Canadian Communities

SAN JOSE, Calif., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today Western James Bay Telecom Network (WJBTN) selected Infinera to expand connectivity services to rural communi...

3 months ago - GlobeNewsWire

Infinera to Participate in the Raymond James TMT and Consumer Conference

SAN JOSE, Calif., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it will participate in the following webcasted investor conference:

3 months ago - GlobeNewsWire

Infinera Awarded California Competes Grant to Increase Domestic Production of Next-generation Semiconductors

SAN JOSE, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today it has been awarded a California Competes (CalCompetes) grant valued at up to $14 million over five years by...

4 months ago - GlobeNewsWire

Infinera Corporation Announces Preliminary Third Quarter 2023 Financial Results

SAN JOSE, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) (or “Company”) today released preliminary financial results for its third quarter ended September 30, 2023.

4 months ago - GlobeNewsWire

Infinera to Announce Fiscal Third Quarter 2023 Financial Results on November 8, 2023

SAN JOSE, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its financial results for the third quarter of fiscal 2023 ended September ...

5 months ago - GlobeNewsWire

Poland's Hawe Telekom Selects Infinera ICE6 800G Solution for High-capacity Services with Rapid Activation

SAN JOSE, Calif. , Oct. 17, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Hawe Telekom selected Infinera's ICE6 800G coherent solution to deliver high-capacity wholesale servic...

5 months ago - GlobeNewsWire

Infinera and Sumitomo Electric First to Demonstrate High-speed Business Services over 10G-EPON Infrastructure with ICE-X Coherent Pluggable Optics

SAN JOSE, Calif., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and Sumitomo Electric Industries, Ltd. announced today the successful completion of the first demonstration delivering high...

6 months ago - GlobeNewsWire

Infinera Announces Suite of ICE-X Coherent Pluggables and Compound Semiconductor Components to Comply with Buy America Requirements

SAN JOSE, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today its plan to make available to its customers ICE-X intelligent coherent pluggables and compound semiconductor compon...

6 months ago - GlobeNewsWire

Infinera's Transcend Open Wave Manager Receives Telecom Infra Project Award

SAN JOSE, Calif, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) has been awarded a Telecom Infra Project (TIP) Requirements Compliant Bronze Badge for its Transcend Open Wave Manager Soluti...

7 months ago - GlobeNewsWire

Infinera to Present at the Rosenblatt Virtual Technology Summit on August 23, 2023

SAN JOSE, Calif, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that Infinera executives will participate in a fireside chat at the Rosenblatt Virtual Technology...

7 months ago - GlobeNewsWire