Infinera Corporation (INFN)
Market Cap | 1.28B |
Revenue (ttm) | 1.65B |
Net Income (ttm) | -4.63M |
Shares Out | 231.42M |
EPS (ttm) | -0.01 |
PE Ratio | n/a |
Forward PE | 61.79 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 5,254,769 |
Open | 5.16 |
Previous Close | 5.10 |
Day's Range | 5.13 - 5.71 |
52-Week Range | 2.82 - 7.80 |
Beta | 1.56 |
Analysts | Buy |
Price Target | 6.51 (+18.15%) |
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]
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 StatementsAnalyst 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 18.15% from the latest price.
News
Infinera Corporation INVESTIGATION: Levi & Korsinsky Investigates Potential Securities Fraud by Infinera Corporation (INFN)
NEW YORK, NY / ACCESSWIRE / March 19, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Infinera Corporation ("Infinera Corporation") (NASDAQ:INFN) concerning possib...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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:
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...
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.
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 ...
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...
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...
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...
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...