Infinera (INFN) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $6.62 to $6.68
• 50-Day Range: $6.25 to $6.89
• 52-Week Range: $3.79 to $6.92
• Volume: 952,244 shs
• Average Volume: 1.03 million shs
• Market Capitalization: $1.57 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.09
• Consensus Rating: Hold

Infinera Stock Analysis - MarketRank™

Infinera scored higher than 20% of companies evaluated by MarketBeat, and ranked 613th out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Infinera has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 6 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Infinera has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Infinera are expected to grow in the coming year, from ($0.22) to $0.10 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Infinera is -13.83, 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 -13.83, 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 11.65. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

11.75% 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 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Infinera has recently decreased by 5.08%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Infinera does not currently pay a dividend.

Dividend Growth

Infinera does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

11.75% 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 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Infinera has recently decreased by 5.08%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 1.14

News Sentiment

Infinera has a news sentiment score of 1.14. 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 higher news sentiment than the 0.60 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Infinera this week, compared to 4 articles on an average week.

Search Interest

Only 1 people have searched for INFN on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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 1.42% 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.

INFN Stock Analysis - Frequently Asked Questions

How have INFN shares performed this year?

Infinera's stock was trading at $4.75 at the beginning of the year. Since then, INFN stock has increased by 39.8% and is now trading at $6.64.
View the best growth stocks for 2024 here.

How were Infinera's earnings last quarter?

Infinera Co. (NASDAQ:INFN) issued its earnings results on Tuesday, November, 5th. The communications equipment provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by $0.07. The communications equipment provider earned $354.40 million during the quarter, compared to analyst estimates of $401.96 million. Infinera had a negative net margin of 7.62% and a negative trailing twelve-month return on equity of 45.12%.

Does Infinera have any subsidiaries?

The following companies are subsidiaries of Infinera: Coriant, Transmode AB, Big Bear Networks, Infinera Optical Holding Inc. (Delaware), Infinera Optical Networks Inc. (Delaware), International Telecom Holdings S.à r.l. (Luxembourg), Tellabs Enterprises B.V. (Netherlands), and more.

Who are Infinera's major shareholders?

Infinera's top institutional investors include Geode Capital Management LLC (2.04%), Citigroup Inc. (1.23%), Wellington Management Group LLP (1.11%) and Alpine Associates Management Inc. (0.86%). Insiders that own company stock include David W Heard, Michael H Fernicola, Paul J Milbury, David F Welch and Nicholas Walden.
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.

What other stocks do shareholders of Infinera own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Infinera investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), Tesla (TSLA), Meta Platforms (META), Intel (INTC) and Xtrackers California Municipal Bond ETF (CA).

Company Calendar

• Last Earnings: 11/05/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 5/12/2025

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: 3,389
• Year Founded: 2000

Price Target and Rating

• Average Stock Price Target: $7.09
• High Stock Price Target: $10.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +6.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.48)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-25,210,000.00
• Net Margins: -7.62%
• Pretax Margin: -7.36%
• Return on Equity: -45.12%
• Return on Assets: -4.63%

Debt

• Debt-to-Equity Ratio: 4.98
• Current Ratio: 1.58
• Quick Ratio: 0.97

Sales & Book Value

• Annual Sales: $1.61 billion
• Price / Sales: 0.97
• Cash Flow: $0.33 per share
• Price / Cash Flow: 20.39
• Book Value: $0.57 per share
• Price / Book: 11.65

Miscellaneous

• Outstanding Shares: 236,800,000
• Free Float: 233,439,000
• Market Cap: $1.57 billion
• Optionable: Optionable
• Beta: 1.71