Should I buy or sell Infinera stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last year. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" INFN shares. View INFN analyst ratings or view top-rated stocks .

What is Infinera's stock price target for 2024?

6 Wall Street research analysts have issued twelve-month target prices for Infinera's shares. Their INFN share price targets range from $4.60 to $10.00. On average, they anticipate the company's stock price to reach $6.85 in the next year. This suggests a possible upside of 45.1% from the stock's current price. View analysts price targets for INFN or view top-rated stocks among Wall Street analysts .

How have INFN shares performed in 2024?

Infinera's stock was trading at $4.75 on January 1st, 2024. Since then, INFN stock has decreased by 0.6% and is now trading at $4.72. View the best growth stocks for 2024 here .

When is Infinera's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our INFN earnings forecast .

How were Infinera's earnings last quarter?

Infinera Co. (NASDAQ:INFN) announced its quarterly earnings results on Thursday, February, 29th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter. The communications equipment provider earned $392.37 million during the quarter. Infinera had a negative net margin of 0.28% and a positive trailing twelve-month return on equity of 1.73%.

What ETFs hold Infinera's stock?

ETFs with the largest weight of Infinera (NASDAQ:INFN) stock in their portfolio include iShares U.S. Digital Infrastructure and Real Estate ETF (IGN) and SPDR S&P Telecom ETF (XTL) . Invesco Nasdaq Future Gen 200 ETF (QQQS) .

What guidance has Infinera issued on next quarter's earnings?

Infinera updated its fourth quarter 2023 earnings guidance on Friday, March, 8th. The company provided earnings per share (EPS) guidance of 0.070-0.130 for the period, compared to the consensus estimate of 0.100. The company issued revenue guidance of $435.0 million-$452.0 million, compared to the consensus revenue estimate of $443.6 million.

What is David Heard's approval rating as Infinera's CEO?

5 employees have rated Infinera Chief Executive Officer David Heard on Glassdoor.com . David Heard has an approval rating of 68% among the company's employees.

What other stocks do shareholders of Infinera own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Infinera investors own include Xtrackers California Municipal Bond ETF (CA) , Endologix (ELGX) , BlackRock (BLK) , Micron Technology (MU) , Chipotle Mexican Grill (CMG) , Athabasca Oil (ATH) , NIC (EGOV) , Starbucks (SBUX) , Advanced Micro Devices (AMD) and Intel (INTC) .

Who are Infinera's major shareholders?

Infinera's stock is owned by a number of retail and institutional investors. Top institutional investors include Kovack Advisors Inc. (0.24%), Los Angeles Capital Management LLC (0.01%) and Allspring Global Investments Holdings LLC (0.00%). Insiders that own company stock include Christine Bucklin , David F Welch , David W Heard, George Andrew Riedel, Michael H Fernicola , Nicholas Walden , Paul J Milbury and Thomas J Fallon . View institutional ownership trends .

How do I buy shares of Infinera?

Shares of INFN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Infinera have any subsidiaries?

The following companies are subsidiares of Infinera: Big Bear Networks, Coriant, Infinera Optical Holding Inc. (Delaware), Infinera Optical Networks Inc. (Delaware), International Telecom Holdings S.à r.l. (Luxembourg), Tellabs Enterprises B.V. (Netherlands), Tellabs Holdings B.V. (Netherlands), Transmode AB, Transmode Systems AB (Sweden), and Xieon Networks S.a.r.l. (Luxembourg). Read More

NASDAQ:INFN

Infinera (INFN) Stock Price, News & Analysis

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Free INFN Stock Alerts

$4.72

+0.06 (+1.29%)

(As of 04/19/2024 ET)

Compare

Today's Range: $4.60
▼
$4.80
50-Day Range: $4.45
▼
$6.50
52-Week Range: $2.82
▼
$6.62

Volume: 2.25 million shs
Average Volume: 3.42 million shs
Market Capitalization: $1.09 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.85

Get Infinera alerts:

Infinera MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 45.1% Upside
$6.85 Price Target
Short Interest: Bearish
19.68% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.36
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.96 out of 5 stars

Computer And Technology Sector

531st out of 586 stocks

Telephone & Telegraph Apparatus Industry

8th out of 10 stocks

3.4

Analyst's Opinion

Consensus Rating
Infinera has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Infinera has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
19.68% of the outstanding shares of Infinera have been sold short.
Short Interest Ratio / Days to Cover
Infinera has a short interest ratio ("days to cover") of 13.4, which indicates bearish sentiment.
Change versus previous month
Short interest in Infinera has recently decreased by 0.61%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Infinera does not currently pay a dividend.
Dividend Growth
Infinera does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for INFN.

1.9

News and Social Media Coverage

News Sentiment
Infinera has a news sentiment score of 0.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Infinera this week, compared to 3 articles on an average week.
Search Interest
Only 8 people have searched for INFN on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Infinera to their MarketBeat watchlist in the last 30 days. This is a decrease of -86% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Infinera insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.18% of the stock of Infinera is held by insiders.
Percentage Held by Institutions
97.54% of the stock of Infinera is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Infinera is -157.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Infinera is -157.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Infinera has a P/B Ratio of 5.76. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Infinera Stock (NASDAQ: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 channels; and Infinera 7090 and 7100 series for transport platforms. It also offers Infinera XTM series, a packet-optical transport platform that enables metro connectivity solutions; Infinera XTC series, a multi-terabit packet optical transport platforms that integrates digital OTN switching and optical DWDM transmission; Infinera mTera series, a network transport solution; and Infinera XT series, a platform that is designed to power cloud scale network services over metro, DCI, long-haul, and subsea networks. In addition, the company provides 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 ICE-X Coherent Pluggable Optics. It also offers Infinera Transcend software suite; and system software and customer support services. The company serves telecommunications service providers, ICPs, cable providers, wholesale carriers, research and education institutions, large enterprises, and government entities. It markets and sells its products and related support services primarily through its direct sales force. The company was formerly known as Zepton Networks. Infinera Corporation was incorporated in 2000 and is headquartered in San Jose, California.

INFN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

INFN Stock News Headlines

April 18, 2024 | nasdaq.com

Infinera (INFN) Price Target Increased by 12.01% to 7.41

April 18, 2024 | finance.yahoo.com

Infinera GX Series Powers Paratus Superhighway Network Between Johannesburg and Europe

April 20, 2024 | Weiss Ratings (Ad)

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April 18, 2024 | globenewswire.com

Infinera GX Series Powers Paratus Superhighway Network Between Johannesburg and Europe

April 14, 2024 | americanbankingnews.com

Infinera Co. (NASDAQ:INFN) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

April 8, 2024 | finance.yahoo.com

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

April 8, 2024 | globenewswire.com

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

April 4, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Infinera (INFN) and Cellebrite DI (CLBT)

April 20, 2024 | Weiss Ratings (Ad)

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April 1, 2024 | markets.businessinsider.com

Key Takeaways From Infinera Analyst Ratings

March 28, 2024 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Technology Stocks: Asure (ASUR), Infinera (INFN) and VIZIO Holding (VZIO)

March 28, 2024 | gurufocus.com

What's Driving Infinera Corp's Surprising 23% Stock Rally?

March 20, 2024 | finance.yahoo.com

Infinera to Showcase Advances in Optical Networking Solutions at OFC 2024

March 18, 2024 | finance.yahoo.com

Infinera and Orange International Network Establish Long-term Partnership to Optimize Network Infrastructure Across Europe

March 17, 2024 | finance.yahoo.com

INFN Jan 2025 5.000 put

March 17, 2024 | finance.yahoo.com

INFN Dec 2025 3.000 call

March 16, 2024 | stockhouse.com

Australia's NBN Selects Infinera's GX Series Platform and ICE-X Intelligent Coherent Pluggables to Upgrade National Broadband Network

March 16, 2024 | finance.yahoo.com

INFN Dec 2025 4.000 call

March 16, 2024 | finance.yahoo.com

INFN Jan 2025 5.000 call

March 15, 2024 | msn.com

Infinera announces notification of delinquency with Nasdaq

March 15, 2024 | globenewswire.com

Infinera Corporation Announces Notification of Delinquency with Nasdaq

March 14, 2024 | msn.com

Cher’s new fringed haircut is giving us flashbacks to her signature 60s look

March 14, 2024 | globenewswire.com

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

March 14, 2024 | finance.yahoo.com

Australia’s NBN Selects Infinera’s GX Series Platform and ICE-X Intelligent Coherent Pluggables to Upgrade National Broadband Network

March 13, 2024 | finance.yahoo.com

DriveNets and Infinera Complete Joint Solution Certification of Infinera ZR/ZR+ Optical Modules with DriveNets Network Cloud

March 8, 2024 | businesswire.com

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Infinera Corporation (INFN) on Behalf of Investors

March 7, 2024 | businesswire.com

Lost Money in Infinera? Gibbs Law Group Investigates Potential Securities Law Violations

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Telephone & telegraph apparatus
Sub-Industry: Communications Equipment
Current Symbol: NASDAQ:INFN
CUSIP: 45667G10
CIK: 1138639
Web: www.infinera.com
Phone: (408) 572-5200
Fax: 302-636-5454
Employees: 3,267
Year Founded: 2000

Price Target and Rating

Average Stock Price Target: $6.85
High Stock Price Target: $10.00
Low Stock Price Target: $4.60
Potential Upside/Downside: +45.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.03)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-76,040,000.00
Net Margins: -0.28%
Pretax Margin: 0.72%
Return on Equity: 1.73%
Return on Assets: 0.19%

Debt

Debt-to-Equity Ratio: 3.63
Current Ratio: 1.69
Quick Ratio: 0.95

Sales & Book Value

Annual Sales: $1.57 billion
Price / Sales: 0.69
Cash Flow: $0.30 per share
Price / Cash Flow: 15.48
Book Value: $0.82 per share
Price / Book: 5.76

Miscellaneous

Outstanding Shares: 231,420,000
Free Float: 228,691,000
Market Cap: $1.09 billion
Optionable: Optionable
Beta: 1.58

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Key Executives

Mr. David W. Heard (Age 56)
CEO & Director
Comp: $1.41M
Dr. David F. Welch Ph.D. (Age 63)
Co-Founder, Chief Innovation Officer & Director
Comp: $225.27k
Ms. Nancy L. Erba (Age 57)
Chief Financial Officer
Comp: $811.45k
Mr. David L. Teichmann (Age 67)
Chief Legal Officer & Corporate Secretary
Comp: $544.08k
Mr. Nicholas R. Walden (Age 52)
Senior Vice President of Worldwide Sales
Comp: $671.24k
Mr. Craig S. Cocchi (Age 59)
Senior Vice President of Global Operations
Mr. Michael H. Fernicola (Age 52)
Chief Accounting Officer
Mr. Amitabh Passi
Head of Investor Relations
Mr. Russ Esmacher
Senior VP of Strategy, Marketing & Corporate Development
Mr. Brett Hooper (Age 60)
Chief Human Resources Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

INFN Stock Analysis - Frequently Asked Questions

Should I buy or sell Infinera stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Infinera in the last year. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" INFN shares.
View INFN analyst ratings or view top-rated stocks.
What is Infinera's stock price target for 2024?: 6 Wall Street research analysts have issued twelve-month target prices for Infinera's shares. Their INFN share price targets range from $4.60 to $10.00. On average, they anticipate the company's stock price to reach $6.85 in the next year. This suggests a possible upside of 45.1% from the stock's current price.
View analysts price targets for INFN or view top-rated stocks among Wall Street analysts.
How have INFN shares performed in 2024?: Infinera's stock was trading at $4.75 on January 1st, 2024. Since then, INFN stock has decreased by 0.6% and is now trading at $4.72.
View the best growth stocks for 2024 here.
When is Infinera's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our INFN earnings forecast.
How were Infinera's earnings last quarter?: Infinera Co. (NASDAQ:INFN) announced its quarterly earnings results on Thursday, February, 29th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter. The communications equipment provider earned $392.37 million during the quarter. Infinera had a negative net margin of 0.28% and a positive trailing twelve-month return on equity of 1.73%.
What ETFs hold Infinera's stock?: ETFs with the largest weight of Infinera (NASDAQ:INFN) stock in their portfolio include iShares U.S. Digital Infrastructure and Real Estate ETF (IGN) and SPDR S&P Telecom ETF (XTL).Invesco Nasdaq Future Gen 200 ETF (QQQS).

What guidance has Infinera issued on next quarter's earnings?: Infinera updated its fourth quarter 2023 earnings guidance on Friday, March, 8th. The company provided earnings per share (EPS) guidance of 0.070-0.130 for the period, compared to the consensus estimate of 0.100. The company issued revenue guidance of $435.0 million-$452.0 million, compared to the consensus revenue estimate of $443.6 million.
What is David Heard's approval rating as Infinera's CEO?: 5 employees have rated Infinera Chief Executive Officer David Heard on Glassdoor.com. David Heard has an approval rating of 68% among the company's employees.
What other stocks do shareholders of Infinera own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Infinera investors own include Xtrackers California Municipal Bond ETF (CA), Endologix (ELGX), BlackRock (BLK), Micron Technology (MU), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Starbucks (SBUX), Advanced Micro Devices (AMD) and Intel (INTC).
Who are Infinera's major shareholders?: Infinera's stock is owned by a number of retail and institutional investors. Top institutional investors include Kovack Advisors Inc. (0.24%), Los Angeles Capital Management LLC (0.01%) and Allspring Global Investments Holdings LLC (0.00%). Insiders that own company stock include Christine Bucklin, David F Welch, David W Heard, George Andrew Riedel, Michael H Fernicola, Nicholas Walden, Paul J Milbury and Thomas J Fallon.
View institutional ownership trends.
How do I buy shares of Infinera?: Shares of INFN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Infinera have any subsidiaries?: The following companies are subsidiares of Infinera: Big Bear Networks, Coriant, Infinera Optical Holding Inc. (Delaware), Infinera Optical Networks Inc. (Delaware), International Telecom Holdings S.à r.l. (Luxembourg), Tellabs Enterprises B.V. (Netherlands), Tellabs Holdings B.V. (Netherlands), Transmode AB, Transmode Systems AB (Sweden), and Xieon Networks S.a.r.l. (Luxembourg).
Read More

This page (NASDAQ:INFN) was last updated on 4/20/2024 by MarketBeat.com Staff

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