Infinera Corporation (INFN)

NASDAQ: INFN · IEX Real-Time Price · USD
5.30
0.00 (0.00%)
Jun 24, 2022 4:00 PM EDT - Market closed
0.00%
Market Cap 1.14B
Revenue (ttm) 1.43B
Net Income (ttm) -164.31M
Shares Out 215.20M
EPS (ttm) -0.78
PE Ratio n/a
Forward PE 126.58
Dividend n/a
Ex-Dividend Date n/a
Volume 3,686,510
Open 5.36
Previous Close 5.30
Day's Range 5.29 - 5.50
52-Week Range 4.67 - 10.70
Beta 1.05
Analysts Buy
Price Target 9.49 (+79.1%)
Earnings Date Aug 2, 2022

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...]

Industry Communications Equipment
IPO Date Jun 7, 2007
CEO Thomas Fallon
Employees 3,225
Stock Exchange NASDAQ
Ticker Symbol INFN
Full Company Profile

Financial Performance

In 2021, Infinera's revenue was $1.43 billion, an increase of 5.13% compared to the previous year's $1.36 billion. Losses were -$170.78 million, -17.39% less than in 2020.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for INFN stock is "Buy." The 12-month stock price forecast is 9.49, which is an increase of 79.06% from the latest price.

Price Target
$9.49
(79.06% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Infinera's XTM Deployed to Boost Government-wide Network in Canary Islands

SAN JOSE, Calif., June 21, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today Cabildo de Tenerife, the governing body of the island of Tenerife in the Canary Islands, has deployed Infinera...

OTEGLOBE Selects Infinera's ICE6 Solution for Its Pan-European Network

SAN JOSE, Calif., June 13, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that OTEGLOBE, a leading wholesale carrier in the southeastern Europe region, selected Infinera's ICE6 800G co...

Asia-Africa-Europe-1 Consortium Selects Infinera's ICE6 Solution for Largest-scale Upgrade on a Submarine Cable System

SAN JOSE, Calif., May 10, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that the Asia-Africa-Europe-1 (AAE-1) Consortium, owner of one of the largest consortium cable systems in the w...

Why Infinera Stock Is Plummeting Today

The optical technologies stock is now down roughly 32% year to date.

Infinera (INFN) Reports Q1 Loss, Lags Revenue Estimates

Infinera (INFN) delivered earnings and revenue surprises of -75% and 6.67%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Infinera Corporation Reports First Quarter 2022 Financial Results

SAN JOSE, Calif., May 03, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its first quarter ended March 26, 2022.

Arctic Wolf Appoints Duston Williams as Chief Financial Officer

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Arctic Wolf appoints Duston Williams as Chief Financial Officer

Other symbols: NTNX

3 Networking Stocks to Watch for in a Prospering Industry

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

Other symbols: CSCOINTZ

NexGen Networks Deploys Infinera's GX Series Solution for Global Network Upgrade

SAN JOSE, Calif., March 30, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that NexGen Networks (NexGen), a global digital infrastructure company, deployed Infinera's industry-leading ...

PCCW Global doubles capacity on PEACE cable System with Infinera's ICE Technology

HONG KONG and SAN JOSE, Calif., March 29, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and PCCW Global, a leading international telecommunications service provider, announced today the completion of...

Hetzner Online Deploys Infinera's ICE6 Solution, Doubling Network Capacity, Enabling New Higher-speed Data Center Int...

SAN JOSE, Calif., March 28, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and Hetzner Online, a leading web hosting and data center operator in Germany, announced the deployment of Infinera's ICE6 so...

GBI Deploys Infinera's ICE Optical Engines to Increase Network Capacity, Launch New Services, and Support the World Cup

SAN JOSE, Calif., March 23, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today Gulf Bridge International (GBI), a global cloud, connectivity, and content enabler, deployed Infinera's indus...

Zayo Group Makes History with World's Longest 800G Optical Wave, Supported by Infinera Technology

Leading global provider of communications infrastructure beats former world record by 74.5 km Leading global provider of communications infrastructure beats former world record by 74.5 km

Infinera Announces ICE-XR Pluggables Availability and a Suite of Open Optical Automation Solutions

SAN JOSE, Calif., March 07, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) today announced availability dates for Infinera's ICE-XR, the industry's first suite of intelligent coherent optical pluggabl...

Windstream Wholesale Partners with Infinera to Build Next-Generation Optical Infrastructure

Pioneering Node-on-a-Blade technology will enable Windstream to offer transformative networking services Pioneering Node-on-a-Blade technology will enable Windstream to offer transformative networking s...

The Industry's Highest-performance Coherent Optical Engine, Infinera's 1.6T ICE6, Gets a Turbo Charge

SAN JOSE, Calif., Feb. 22, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today the introduction of ICE6 Turbo, the industry's first coherent optical solution that can operate above 100 Gbau...

Infinera (INFN) Tops Q4 Earnings and Revenue Estimates

Infinera (INFN) delivered earnings and revenue surprises of 50% and 3.87%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Infinera Appoints Roop Lakkaraju to Board of Directors

SAN JOSE, Calif., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) today announced the appointment to its board of directors of Roop Lakkaraju, Chief Financial Officer of Benchmark Electronics,...

Infinera Corporation Reports Fourth Quarter and Fiscal 2021 Financial Results

SAN JOSE, Calif., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its fourth quarter and fiscal year ended December 25, 2021.

Earnings Preview: Infinera (INFN) Q4 Earnings Expected to Decline

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.

Infinera to Announce Fiscal Fourth Quarter 2021 Financial Results on February 16, 2022

SAN JOSE, Calif., Feb. 02, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its financial results for the fourth quarter of fiscal 2021 ended December 25...

B. Riley Bumps Up Infinera Price Target By 15%; Turns Bullish

B. Riley analyst Dave Kang upgraded Infinera Corp (NASDAQ:INFN) to Buy from Neutral with a price target of $11.50, up from $10, implying an upside of 44.65%. The analyst believes the value of the compan...

Apple's Milestone Is Paving the Way for an Explosion of Wealth for Smaller Tech Companies

Apple's $3 trillion milestone is impressive, but it's unlikely to reach $4 trillion any time soon. Instead, watch these smaller companies.

Other symbols: SABR

Best-Performing Stocks of the Top U.S. ETF of December

iShares North American Tech-Multimedia Networking ETF (IGN) topped the list of best-performing U.S. equity ETFs in December, gaining about 13%.

Other symbols: CIENCLFDEXTRIGNLITE

Fastweb and Infinera Successfully Achieve Record-breaking 600 Gb/s Transmission Speed Trial on Milan-Bari Network

Thanks to Infinera's ICE6 800G solution, the high-speed optical transmission demonstration spanned over 1,372 kilometers on Fastweb's low-latency long-haul backbone network, setting a milestone for Ital...