Infinera (INFN) to Release Quarterly Earnings on Thursday

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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Infinera Company Profile

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.