Infinera Corporation (INFN)

NASDAQ: INFN · IEX Real-Time Price · USD
4.92
+0.20 (4.24%)
May 26, 2023, 4:30 PM EDT - Market closed
4.24%
Market Cap 1.11B
Revenue (ttm) 1.63B
Net Income (ttm) -42.60M
Shares Out 225.62M
EPS (ttm) -0.19
PE Ratio n/a
Forward PE 21.01
Dividend n/a
Ex-Dividend Date n/a
Volume 3,771,954
Open 4.96
Previous Close 4.72
Day's Range 4.68 - 5.01
52-Week Range 4.26 - 7.80
Beta 1.41
Analysts Buy
Price Target 8.83 (+79.47%)
Earnings Date May 3, 2023

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]

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

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 Statements

Analyst Forecast

According to 6 analysts, the average rating for INFN stock is "Buy." The 12-month stock price forecast is $8.83, which is an increase of 79.47% from the latest price.

Price Target
$8.83
(79.47% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Infinera to Participate in J.P. Morgan's 2023 Global Technology, Media and Communications Conference

SAN JOSE, Calif., May 22, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it will participate in the following webcasted investor conference:

1 week ago - GlobeNewsWire

Polish Operator Hawe Telekom Achieves Single-module 1.6 Tb/s with Infinera's ICE6

SAN JOSE, Calif., May 18, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today the successful completion of a live network trial with Hawe Telekom leveraging Infinera's ICE6 800G coherent ...

1 week ago - GlobeNewsWire

Infinera Corporation Announces the Repurchase of Approximately $83.9M of Convertible Senior Notes Due 2024 using Proceeds from the Reopening of Convertible Senior Notes Due 2028

Transactions further strengthen Infinera balance sheet while keeping average debt coupon expense at less than 3.5% across capital structure Transactions further strengthen Infinera balance sheet while...

1 week ago - GlobeNewsWire

Liberty Networks Powers New Routes Across Florida with Infinera's ICE6 800G Technology

SAN JOSE, Calif. and MIAMI, May 16, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and Liberty Networks announced today the deployment of Infinera's ICE6 800G coherent solution to upgrade and expand...

1 week ago - GlobeNewsWire

Infinera and Sumitomo Electric First to Demonstrate Revolutionary Point-to-Multipoint Optical Transmission Technology in Japan

TOKYO, May 09, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN), a pioneer of advanced optical networking solutions, today announced it has successfully completed the industry's first testing of point...

2 weeks ago - GlobeNewsWire

Infinera Achieves 61.3 Tbps Data Transmission on Simulated 1,240 Kilometer Telstra InfraCo Intercity Link

SAN JOSE, Calif., May 08, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today the successful completion of a simulated intercity network trial for Telstra InfraCo's intercity fiber projec...

3 weeks ago - GlobeNewsWire

Infinera Corporation Reports First Quarter 2023 Financial Results

SAN JOSE, Calif., May 03, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its first quarter ended April 1, 2023.

3 weeks ago - GlobeNewsWire

Infinera to Announce Fiscal First Quarter 2023 Financial Results on May 3, 2023

SAN JOSE, Calif., April 19, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its financial results for the first quarter of fiscal 2023 ended April 1, ...

1 month ago - GlobeNewsWire

EXA Infrastructure Deploys Infinera's ICE6 Across New Low-latency Trans Adriatic Express

SAN JOSE, Calif., March 20, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that EXA Infrastructure (EXA) has deployed Infinera's ICE6 800G coherent optical solution on the EXA Trans ...

2 months ago - GlobeNewsWire

Hawaiki Achieves Record-breaking Performance on 15,000 km of Uncompensated Subsea Cable with Infinera ICE6

SAN JOSE, Calif. and AUCKLAND, New Zealand, March 15, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) and Hawaiki Submarine Cable LP, a subsidiary of BW Digital, announced today the successful comple...

2 months ago - GlobeNewsWire

Exclusive: Semiconductor manufacturer Infinera explores sale -source

Infinera Corp , a U.S. manufacturer of semiconductors for the telecommunications industry that competes with China's Huawei, is exploring options that include a sale of the company, according to a per...

2 months ago - Reuters

Australia Japan Cable Trials Infinera's Advanced Coherent Algorithms for Next-generation Optical Engines

SAN JOSE, Calif., March 14, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN), announced today Australia Japan Cable (AJC) is the first to trial Infinera's advanced coherent algorithms for next-generat...

2 months ago - GlobeNewsWire

Ryan Perera Joins Infinera as Senior Vice President of APAC Sales

SAN JOSE, Calif., March 02, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Ryan Perera has joined Infinera as Senior Vice President of APAC Sales. In this role, Ryan will lead I...

3 months ago - GlobeNewsWire

Infinera Unveils Portfolio of High-performance Coherent Optical Subsystems and Coherent Pluggable Optical Engines

SAN JOSE, Calif., March 01, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN), a pioneer of advanced optical networking solutions, unveiled today a new portfolio of coherent optical subsystems and cohe...

3 months ago - GlobeNewsWire

Infinera Corporation Reports Fourth Quarter and Fiscal 2022 Financial Results

SAN JOSE, Calif., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its fourth quarter and fiscal year ended December 31, 2022.

3 months ago - GlobeNewsWire

Louisiana State University Deploys Infinera's XTM and GX Series to Upgrade State's Most Advanced Research and Education Network

SAN JOSE, Calif., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that the Louisiana Board of Regents, acting on behalf of the statewide Louisiana Optical Network Infrastruct...

4 months ago - GlobeNewsWire

Unity Submarine Cable System Leverages Infinera's ICE6 800G Solution to Double Capacity of the US and Japan Link

SAN JOSE, Calif., Jan. 16, 2023 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Infinera's ICE6 800G coherent optical solution has been deployed to modernize and increase capacity on ...

4 months ago - GlobeNewsWire

Infinera Receives “AA” ESG Rating From MSCI

SAN JOSE, Calif., Dec. 14, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced that it received an “AA” environmental, social, and governance (ESG) ratings score in the new 2022 MSCI ESG Rating...

5 months ago - GlobeNewsWire

Infinera Announces 2023 Investor Day

SAN JOSE, Calif., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) will hold an Investor Day on Tuesday, March 7, 2023, at the Omni Hotel in San Diego, California. The event will ...

6 months ago - GlobeNewsWire

Infinera to Participate in Raymond James Technology Investors Conference

SAN JOSE, Calif., Nov. 28, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it will participate in the following webcasted investor conference:

6 months ago - GlobeNewsWire

GBI Deploys Infinera's ICE6 800G Optical Engine to Boost Capacity Ahead of the World Cup

SAN JOSE, Calif., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Gulf Bridge International (GBI) has deployed Infinera's ICE6 800G optical engine across its submarine a...

6 months ago - GlobeNewsWire

Infinera GX Solution Receives Telecom Infra Project Award for Open SDN Transport Requirements

SAN JOSE, Calif., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) has been awarded a Telecom Infra Project (TIP) Requirements Compliant Bronze Badge for its GX G42 Compact Modular Optical Tr...

7 months ago - GlobeNewsWire

Infinera Corporation Reports Third Quarter 2022 Financial Results

SAN JOSE, Calif., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its third quarter ended September 24, 2022.

7 months ago - GlobeNewsWire

Algar Telecom Selects Infinera Best-in-Class Coherent Transport Solution to Modernize and Scale Subsea Network

SAN JOSE, Calif., Oct. 18, 2022 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Algar Telecom, a leading provider of telecom and IT solutions within Algar Corporation, has selected In...

7 months ago - GlobeNewsWire

Infinera to Announce Fiscal Third Quarter 2022 Financial Results on November 2, 2022

SAN JOSE, Calif., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its financial results for the third quarter of fiscal 2022 ended September ...

8 months ago - GlobeNewsWire