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Infinera (INFN) to Release Quarterly Earnings on Thursday

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Infinera (NASDAQ:INFN - Get Free Report) will likely be issuing its Q4 2024 quarterly earnings data after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $0.13 per share and revenue of $409.08 million for the quarter.

Infinera (NASDAQ:INFN - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.15). Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. The firm had revenue of $414.39 million during the quarter, compared to analyst estimates of $409.08 million. On average, analysts expect Infinera to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Infinera Price Performance

Shares of INFN remained flat at $6.64 during trading hours on Friday. The firm's 50 day moving average price is $6.61 and its 200-day moving average price is $6.58. Infinera has a one year low of $4.41 and a one year high of $6.92. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 4.98. The firm has a market cap of $1.57 billion, a PE ratio of -13.83 and a beta of 1.63.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on INFN shares. Rosenblatt Securities restated a "neutral" rating and issued a $6.65 price target on shares of Infinera in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Infinera from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, B. Riley lowered shares of Infinera from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Infinera currently has an average rating of "Hold" and an average target price of $7.09.

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View Our Latest Stock Report on Infinera

Infinera Company Profile

(Get Free Report)

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.

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Earnings History for Infinera (NASDAQ:INFN)

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