Infinera Corporation (INFN)

NASDAQ: INFN · IEX Real-Time Price · USD
5.15
-0.08 (-1.53%)
At close: May 22, 2024, 4:00 PM
5.13
-0.02 (-0.39%)
After-hours: May 22, 2024, 6:46 PM EDT
-1.53%
Market Cap 1.21B
Revenue (ttm) 1.61B
Net Income (ttm) -25.21M
Shares Out 234.11M
EPS (ttm) -0.11
PE Ratio n/a
Forward PE 22.72
Dividend n/a
Ex-Dividend Date n/a
Volume 1,677,207
Open 5.15
Previous Close 5.23
Day's Range 5.13 - 5.27
52-Week Range 2.82 - 6.62
Beta 1.63
Analysts Strong Buy
Price Target 7.30 (+41.75%)
Earnings Date May 14, 2024

About INFN

Infinera Corporation manufactures semiconductors, and supplies networking equipment, optical semiconductors, software, and services worldwide. It provides Infinera GX series for modular and sled-based platforms to support a various transport network applications; Infinera Cloud Xpress Family that is designed to meet the needs of internet content providers (ICPs), communication service providers, internet exchange service providers, enterprises, and other large-scale data center operators; and Infinera XT series, a platform that is designed to p... [Read more]

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

Financial Performance

In 2023, Infinera's revenue was $1.61 billion, an increase of 2.60% compared to the previous year's $1.57 billion. Losses were -$25.21 million, -66.84% less than in 2022.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for INFN stock is "Strong Buy." The 12-month stock price forecast is $7.3, which is an increase of 41.75% from the latest price.

Price Target
$7.3
(41.75% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Infinera Corporation Announces Notification of Delinquency with Nasdaq

SAN JOSE, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it received an expected delinquency notification letter from the Listing Qualifications Staff of The Nas...

1 day ago - GlobeNewsWire

Infinera to Participate in J.P. Morgan's 2024 Global Technology, Media and Communications Conference

SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it will participate in the following webcasted investor conference:

2 days ago - GlobeNewsWire

Infinera Names Regan MacPherson Chief Legal Officer and Corporate Secretary

SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Regan MacPherson has been named Chief Legal Officer and Corporate Secretary, effective May 18. Ms. MacPh...

2 days ago - GlobeNewsWire

Super Sistem Selects Infinera's GX Series for SSBS Cable System to Expand Connectivity to Indonesia

SAN JOSE, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Indonesian network operator Super Sistem Group (Super Sistem) has selected Infinera's GX Series and ICE6...

7 days ago - GlobeNewsWire

Infinera Corporation Reports Preliminary First Quarter 2024 Financial Results

SAN JOSE, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released preliminary financial results for its first quarter ended March 30, 2024. Although presented with ...

8 days ago - GlobeNewsWire

Infinera to Announce Preliminary Fiscal First Quarter 2024 Financial Results on May 14, 2024

SAN JOSE, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its preliminary financial results for the first quarter of fiscal 2024 ended...

9 days ago - GlobeNewsWire

Infinera Corporation Fourth Quarter and Fiscal 2023 Summary of Key Financial Results

SAN JOSE, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) has issued a press release with a summary of key financial results for the fourth quarter and fiscal year ended D...

9 days ago - GlobeNewsWire

Infinera Provides Update on the Expected Filing of its Fiscal 2023 Form 10-K

SAN JOSE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it expects to file its fiscal year 2023 Annual Report on Form 10-K on or before May 13, 2024...

16 days ago - GlobeNewsWire

Infinera GX Series Powers Paratus Superhighway Network Between Johannesburg and Europe

SAN JOSE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Paratus Group, a leading network provider in Africa, deployed Infinera's  GX Series and FlexILS soluti...

4 weeks ago - GlobeNewsWire

Aire Networks Deploys Infinera's ICE-X Intelligent Coherent Pluggable Solution to Increase Capacity of Its Single-fiber Network

SAN JOSE, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Aire Networks, a subsidiary of Grupo Aire, deployed Infinera's software-programmable ICE-X coherent pl...

6 weeks ago - GlobeNewsWire

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...

2 months ago - Accesswire

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...

2 months ago - Accesswire

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...

2 months 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...

2 months 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...

2 months 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...

2 months 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...

2 months 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...

2 months 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...

2 months 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...

2 months 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...

2 months 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 ...

3 months 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...

4 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...

4 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...

4 months ago - GlobeNewsWire