Infinera Corporation (INFN)
| Market Cap | 1.70B |
| Revenue (ttm) | 1.36B |
| Net Income (ttm) | -206.72M |
| Shares Out | 188.22M |
| EPS (ttm) | -1.10 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Dividend Yield | n/a |
| Trading Day | March 8 |
| Last Price | $8.25 |
| Previous Close | $8.39 |
| Change ($) | -0.14 |
| Change (%) | -1.67% |
| Day's Open | 8.32 |
| Day's Range | 8.10 - 8.57 |
| Day's Volume | 3,381,785 |
| 52-Week Range | 3.68 - 11.51 |
The optical solutions provider's revenue growth should accelerate in the second half of 2021.
Here are three cheap tech stocks trading for under $20 a share that investors might want to consider buying amid the market pullback.
Infinera (INFN) delivered earnings and revenue surprises of 333.33% and -1.07%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Infinera (NASDAQ:INFN) fell after the company reported Q4 results. Quarterly Results Earnings per share were up 333.33% year over year to $0.13, which beat the estimate of $0.02.
SAN JOSE, Calif., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its fourth quarter and fiscal year ended December 26, 2020.
Infinera (NASDAQ:INFN) announces its next round of earnings this Tuesday, February 23. Here is Benzinga's everything-that-matters guide for this Tuesday's Q4 earnings announcement.
SUNNYVALE, Calif., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and Allo Technology Sdn Bhd (Allo), a wholly owned subsidiary of Tenaga Nasional Berhad (TNB), announced today the ...
SUNNYVALE, Calif., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its financial results for the fourth quarter and fiscal year 2020 ...
SUNNYVALE, Calif., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Softdados deployed Infinera's GX Series Compact Modular Platform and XTM Series across its met...
Infinera Corporation's equity capital has been almost wiped off by its accumulated deficit. The company is presently following a restructuring plan to reduce costs and enhance efficiencies. Th...
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Infinera and two other tech companies could be lifted by fresh tailwinds next year.
SUNNYVALE, Calif., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that KPU Telecommunications, a local provider of residential and business communications services o...
Strong demand for communication services and bullish chart patterns are acting as catalysts for moves higher across the sector.
SSE Enterprise Telecoms Expands High-capacity Fiber Network with Infinera, Enabling 5G Across the UK
SUNNYVALE, Calif., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that SSE Enterprise Telecoms, one of the UK's leading connectivity providers, has selected Infinera...
SUNNYVALE, Calif., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today it has joined the Innovative Optical and Wireless Network (IOWN) Global Forum, a consortium formed ...
SUNNYVALE, Calif., Nov. 10, 2020 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that Tom Fallon, Chief Executive Officer, David Heard, Chief Operating Officer, and Nan...
The optical solutions provider remains a solid secular growth stock.
Infinera Corporation (INFN) CEO Tom Fallon on Q3 2020 Results - Earnings Call Transcript
Infinera (INFN) delivered earnings and revenue surprises of 140.00% and 1.10%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
SUNNYVALE, Calif., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its third quarter ended September 26, 2020.
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.
SUNNYVALE, Calif., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) is proud to announce a contract award with the U.S. Department of Energy (DOE)'s Energy Sciences Network (ESnet) to...
SUNNYVALE, Calif. , Oct. 22, 2020 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its financial results for the third quarter of fiscal 2020 ended ...
SUNNYVALE, Calif., Oct. 22, 2020 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today a collaboration between Telecom Infra Project (TIP) and Telefónica Peru to commercially deploy a TI...
SUNNYVALE, Calif. and BOSTON, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and Seaborn Networks (Seaborn), a leading developer-owner-operator of submarine fiber optic cable system...
While most of Wall Street focuses on large 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.
Infinera: 800G Around The Corner Presents Potential Buying Opportunity
But the two companies provided very different outlooks for the current quarter.
SUNNYVALE, Calif., Sept. 08, 2020 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that KT Corporation (KT), South Korea’s largest telecommunications company and formerly Korea Te...
Ciena sneezes, and everyone else in networking equipment gets a cold.
Telecom stocks have recently moved above key long-term resistance levels, and risk/reward setups suggest that prices are headed higher.
SUNNYVALE, Calif., Aug. 17, 2020 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Vogel Telecom, a leading wholesale carrier in Brazil, deployed Infinera’s Groove (GX) Series...
The optical networking veteran partnered with a leading telecom to show off its fastest fiber-powered products over very long distances.
The optical solutions provider has plenty of irons in the fire.
The company blew past analysts' consensus revenue and earnings estimates in the second quarter.
Infinera Corporation (INFN) CEO Tom Fallon on Q2 2020 Results - Earnings Call Transcript
Infinera (INFN) delivered earnings and revenue surprises of 35.71% and 4.77%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Infinera Corp. INFN, -3.82% Chief Executive Tom Fallon expects to step down after more than a decade at the helm of the company and hand the reins to Chief Operating Officer David Heard, the o...
SUNNYVALE, Calif., Aug. 05, 2020 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today announced a succession plan to transition its leadership in the coming months.
SUNNYVALE, Calif., Aug. 05, 2020 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its second quarter ended June 27, 2020.
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.
SUNNYVALE, Calif., July 27, 2020 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Orange deployed spectrum capacity with Infinera’s submarine solution on its MainOne submarin...
Infinera Corporation is another name we like as a 'post lockdown' play, carrying forward our series of notes on stocks that may stand to benefit disproportionately as the economies start to op...
SUNNYVALE, Calif., July 22, 2020 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its financial results for the second quarter of fiscal 2020 ende...
The optical solutions provider could gain a big fiber customer -- but investors shouldn’t overestimate the scope of the deal.
SUNNYVALE, Calif., July 14, 2020 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that GÉANT, Europe’s leading collaboration on network and related infrastructure and services for...
These low-priced stocks have seen some hard times lately, but they are all spring-loaded for impressive rebounds.
About INFN
Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series of modular and sled-based platforms to support a variety of transport network applications; 7300 series, an SDN-ready coherent optical transport system; FlexILS open line system platform that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and 709... [Read more...]
| Industry Communication Equipment | IPO Date Jun 7, 2007 |
| CEO Thomas Fallon | Employees 3,050 |
| Stock Exchange NASDAQ | Ticker Symbol INFN |
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.
Analyst Forecasts
According to 14 analysts, the average rating for Infinera stock is "Buy." The 12-month stock price forecast is 10.38, which is an increase of 25.82% from the latest price.