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Infinera Corporation (INFN)

NASDAQ: INFN · Delayed Price · USD
8.40
+0.19 (2.31%)
After-hours:Sep 20, 2021 7:16 PM EDT
8.21
-0.16 (-1.91%)
At close: Sep 20, 4:00 PM
Market Cap1.71B
Revenue (ttm)1.36B
Net Income (ttm)-129.74M
Shares Out206.78M
EPS (ttm)-0.65
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume2,258,365
Open8.20
Previous Close8.37
Day's Range8.11 - 8.27
52-Week Range5.78 - 11.51
Beta1.20
AnalystsBuy
Price Target10.30 (+25.5%)
Est. Earnings DateNov 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...

IndustryCommunications Equipment
IPO DateJun 7, 2007
CEOThomas Fallon
Employees3,050
Stock ExchangeNASDAQ
Ticker SymbolINFN
Full Company Profile

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 Statements

Analyst 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.

Price Target
$10.30
(25.46% upside)
Analyst Consensus: Buy

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....

3 weeks ago - GlobeNewsWire

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...

1 month ago - GlobeNewsWire

3 Networking Stocks to Watch Amid Coronavirus-Induced Woes

The Zacks Computer - Networking industry players like CSCO, NTCT and LTRX are poised to benefit from accelerated 5G deployment, robust demand for network security and growing prominence of smart network...

1 month ago - Zacks Investment Research

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 ...

1 month ago - GlobeNewsWire

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?

1 month ago - Zacks Investment Research

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.

1 month ago - GlobeNewsWire

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...

1 month ago - GlobeNewsWire

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.

1 month ago - Zacks Investment Research

3 Top Tech Stocks to Buy Right Now

The market might look frothy, but don't ignore these great secular and cyclical growth stocks.

Other symbols:MELIROKU
1 month ago - The Motley Fool

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

Infinera Just Gave Investors 4 More Reasons to Buy Its Stock

The optical solutions provider is setting ambitious growth targets for 2025.

2 months ago - The Motley Fool

Infinera (INFN) Enters Overbought Territory

Infinera (INFN) has moved higher as of late, but there could definitely be trouble on the horizon for this company.

3 months ago - Zacks Investment Research

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...

3 months ago - GuruFocus

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...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

7 Cheap Stocks to Put on Your Buy List for June

While market enthusiasm has limited the number of cheap stocks to buy, there are still viable opportunities available right now. The post 7 Cheap Stocks to Put on Your Buy List for June appeared first o...

3 months ago - InvestorPlace

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...

3 months ago - GlobeNewsWire

10 Cheap Stocks Under $10 the Pros Are Buying

If you're looking for a cheap stock to buy, check out this list of 10 highly rated picks that are priced under $10.

3 months ago - Kiplinger

Goldman Sachs Has 5 Tempting Stocks Trading Under $10 to Buy Now

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

Other symbols:ADTADVMKOSSWN
4 months ago - 24/7 Wall Street

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...

4 months ago - GlobeNewsWire

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?

4 months ago - Zacks Investment Research

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.

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

3 Stocks That Could Double Your Money

Check out these compelling companies specializing in cloud-based data management, optical technology, and radio-frequency identification.

Other symbols:CLDRPI
4 months ago - The Motley Fool