Summary

5.30 -0.05(-0.93%)05/16/2024
Infinera Corp. (INFN)

Key Facts


1 Day1 Week1 Month3 Months6 Months1 Year5 YearsAll Time
-0.759.24-3.49-3.8670.231.1523.76-73.30


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Trading Data
Close5.26
Open5.37
High5.42
Low5.19
Volume593,320
Change-0.04
Change %-0.75
Avg Volume (20 Days)1,388,480
Volume/Avg Volume (20 Days) Ratio0.43
52 Week Range2.82 - 6.62
Price vs 52 Week High-20.54%
Price vs 52 Week Low86.52%
Range-2.05
Gap Up/Down0.01
Fundamentals
Market Capitalization (Mln)1,238
EBIDTA87,606,000
PE Ratio0.0000
PEG Ratio-0.7600
WallStreet Target Price7.27
Book Value0.7900
Earnings Per Share-0.0100
EPS Estimate Current Quarter0.1000
EPS Estimate Next Quarter-0.1300
EPS Estimate Current Year0.2000
EPS Estimate Next Year0.2300
Diluted EPS (TTM)-0.0100
Revenues
Profit Marging-0.0028
Operating Marging (TTM)0.0205
Return on asset (TTM)0.0052
Return on equity (TTM)-0.0313
Revenue TTM1,646,608,000
Revenue per share TTM7.3460
Quarterly Revenue Growth (YOY)0.0050
Quarterly Earnings Growth (YOY)0.0000
Gross Profit (TTM)559,136,000
Dividends
Dividend Share0.0000
Dividend Yield
Valuations
Trailing PE0.0000
Forward PE17.1821
Price Sales (TTM)0.0000
Price Book (MRQ)6.0963
Revenue Enterprise Value 1.0425
EBITDA Enterprise Value14.2910
Shares
Shares Outstanding231,422,000
Shares Float228,200,990
Shares Short0
Shares Short (Prior Month)0
Shares Ratio0.00
Short Outstanding (%)0.00
Short Float (%)0.28
Insider (%)1.39
Institutions (%)101.66


05/16 14:19 EST - seekingalpha.com
Infinera Corporation (INFN) Q1 2024 Earnings Call Transcript
Infinera Corporation (NASDAQ:INFN ) Q1 2024 Results Conference Call May 14, 2024 5:00 PM ET Company Participants Amitabh Passi - Head of Investor Relations David Heard - CEO & Director Nancy Erba - Chief Financial Officer Ron Johnson - Senior VP & GM of Infinera's Optical Subsystems and Global Engineering Conference Call Participants Samik Chatterjee - JPMorgan Simon Leopold - Raymond James Christian Schwab - Craig-Hallum Capital Group Michael Genovese - Rosenblatt Securities Karan Juvekar - Morgan George Notter - Jefferies David Kang - B. Riley Operator Thank you for standing by.
05/15 08:00 EST - globenewswire.com
Super Sistem Selects Infinera's GX Series for SSBS Cable System to Expand Connectivity to Indonesia
SAN JOSE, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Indonesian network operator Super Sistem Group (Super Sistem) has selected Infinera's GX Series and ICE6 800G coherent solution to power the Super Sistem Batam Singapore (SSBS) Cable System connecting Batam to Singapore. The SSBS is a subsea fiber optic cable system and is part of a broader initiative to bring broadband to underserved communities. The deployment of Infinera's solution will help to increase access and provide affordable connectivity across Indonesia, including remote islands in the region.
05/14 16:05 EST - globenewswire.com
Infinera Corporation Reports Preliminary First Quarter 2024 Financial Results
SAN JOSE, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released preliminary financial results for its first quarter ended March 30, 2024. Although presented with numerical specificity, all amounts in this press release are preliminary and based on management's current expectations as of the date of this press release. These results are subject to all aspects of the final quarterly review process and may change as a result of new information that arises, or new determinations that are made, in this process.
05/13 21:00 EST - globenewswire.com
Infinera to Announce Preliminary Fiscal First Quarter 2024 Financial Results on May 14, 2024
SAN JOSE, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it will release its preliminary financial results for the first quarter of fiscal 2024 ended March 30, 2024, after the market closes on May 14, 2024.
05/13 16:05 EST - globenewswire.com
Infinera Corporation Fourth Quarter and Fiscal 2023 Summary of Key Financial Results
SAN JOSE, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) has issued a press release with a summary of key financial results for the fourth quarter and fiscal year ended December 30, 2023. The press release is also published on Infinera's Investor Relations website.
05/06 08:00 EST - globenewswire.com
Infinera Provides Update on the Expected Filing of its Fiscal 2023 Form 10-K
SAN JOSE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) announced today that it expects to file its fiscal year 2023 Annual Report on Form 10-K on or before May 13, 2024. The company, along with its auditors, is continuing to make progress with the normal year-end close process.
04/18 08:00 EST - globenewswire.com
Infinera GX Series Powers Paratus Superhighway Network Between Johannesburg and Europe
SAN JOSE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Paratus Group, a leading network provider in Africa, deployed Infinera's  GX Series and FlexILS solutions to offer the lowest-latency express route between Johannesburg and Lisbon, delivering services with a latency of 123 milliseconds and supporting wavelengths up to 800G. Infinera's solutions were deployed on the recently completed 1,890-km Paratus express fiber link between Johannesburg and Europe, via Botswana to Swakopmund, where it connects with the Equiano subsea cable from Namibia to Lisbon and on to London and the rest of Europe.
04/09 09:06 EST - zacks.com
3 Networking Stocks to Keep An Eye on in a Troubled Industry
Weak global economic conditions, inventory absorption by customers and volatile supply chain dynamics continue to be concerns. Also, weak demand from telco and cable service provider customers is affecting the performance of some of the participants of the Zacks Computer - Networking industry.
04/08 08:00 EST - globenewswire.com
Aire Networks Deploys Infinera's ICE-X Intelligent Coherent Pluggable Solution to Increase Capacity of Its Single-fiber Network
SAN JOSE, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Aire Networks, a subsidiary of Grupo Aire, deployed Infinera's software-programmable ICE-X coherent pluggable solution to expand the capacity of its single-fiber network infrastructure across Spain and Portugal. The ability of Infinera's innovative ICE-X solution to provide ultra-high-speed transmissions over a single fiber in a pluggable form factor enables Aire Networks to continue to meet the bandwidth demands of its customers while maintaining its cost-effective single-fiber infrastructure.
04/04 04:46 EST - zacks.com
Strength Seen in Infinera (INFN): Can Its 6.5% Jump Turn into More Strength?
Infinera (INFN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
03/19 07:30 EST - accesswire.com
Infinera Corporation INVESTIGATION: Levi & Korsinsky Investigates Potential Securities Fraud by Infinera Corporation (INFN)
NEW YORK, NY / ACCESSWIRE / March 19, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Infinera Corporation ("Infinera Corporation") (NASDAQ:INFN) concerning possible violations of federal securities laws. Infinera disclosed that "the Company's management concluded that, as of December 31, 2022, there were material weaknesses in its internal control over financial reporting related to its revenue cycle, inventory cycle, and with respect to these, its internal resources, expertise and policies required to maintain an effective control environment.
03/18 12:51 EST - zacks.com
Infinera (INFN) to Upgrade NBN's Optical Network in Australia
Infinera's (INFN) GX Series platform and ICE-X intelligent coherent pluggables are set to upgrade NBN's optical network across Australia.
03/18 07:20 EST - accesswire.com
INFN STOCK ALERT: Levi & Korsinsky Notifies Infinera Corporation Investors of an Ongoing Investigation
NEW YORK, NY / ACCESSWIRE / March 18, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Infinera Corporation ("Infinera Corporation") (NASDAQ:INFN) concerning possible violations of federal securities laws. Infinera disclosed that "the Company's management concluded that, as of December 31, 2022, there were material weaknesses in its internal control over financial reporting related to its revenue cycle, inventory cycle, and with respect to these, its internal resources, expertise and policies required to maintain an effective control environment.
03/15 22:04 EST - headlinesoftoday.com
Infinera Corporation Announces Notification of Delinquency
SAN JOSE, Calif., March 15, 2024 (GLOBE NEWSWIRE) — Infinera (NASDAQ: INFN) announced today that it received an expected delinquency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on March 15, 2024 (the “Notice”). The Notice indicated that Infinera was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the … The post Infinera Corporation Announces Notification of Delinquency appeared first on Headlines of Today...
03/15 16:30 EST - globenewswire.com
Infinera Corporation Announces Notification of Delinquency with Nasdaq
SAN JOSE, Calif., March 15, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it received an expected delinquency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on March 15, 2024 (the "Notice"). The Notice indicated that Infinera was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Annual Report on Form 10-K for the year ended December 30, 2023 (the “Form 10-K”), as described more fully in Infinera's Form 12b-25 Notification of Late Filing (the “12b-25”) filed with the Securities and Exchange Commission (the "SEC") on February 29, 2024. The Listing Rule requires listed companies to timely file all required periodic financial reports with the SEC.
03/14 16:36 EST - headlinesoftoday.com
Infinera Announces New Line of High-performance 1.6 Tb/s
SAN JOSE, Calif. , March 14, 2024 (GLOBE NEWSWIRE) — Infinera (Nasdaq: INFN) announced today ICE-D, a new line of high-speed intra-data center optics based on monolithic indium phosphide (InP) photonic integrated circuit (PIC) technology. ICE-D optics are designed to dramatically lower cost and power per bit while providing intra-data center connectivity at speeds of … The post Infinera Announces New Line of High-performance 1.6 Tb/s appeared first on Headlines of Today...
03/14 16:30 EST - 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
SAN JOSE, Calif. , March 14, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today ICE-D, a new line of high-speed intra-data center optics based on monolithic indium phosphide (InP) photonic integrated circuit (PIC) technology. ICE-D optics are designed to dramatically lower cost and power per bit while providing intra-data center connectivity at speeds of 1.6 terabits per second (Tb/s) and greater. This technology enables data center operators to cost-effectively keep pace with relentless growth in bandwidth.
03/14 16:30 EST - accesswire.com
Infinera Corporation Investigated by Shareholder Rights Advocates - Investors Should Contact Levi & Korsinsky Regarding Potential Securities Law Violations - INFN
NEW YORK, NY / ACCESSWIRE / March 14, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Infinera Corporation ("Infinera Corporation") (NASDAQ:INFN) concerning possible violations of federal securities laws. Infinera disclosed that "the Company's management concluded that, as of December 31, 2022, there were material weaknesses in its internal control over financial reporting related to its revenue cycle, inventory cycle, and with respect to these, its internal resources, expertise and policies required to maintain an effective control environment.
03/13 07:00 EST - prnewswire.com
DriveNets and Infinera Complete Joint Solution Certification of Infinera ZR/ZR+ Optical Modules with DriveNets Network Cloud
The combined DriveNets/Infinera solution allows operators to build converged network infrastructures, lowering network OpEx RA'ANANA, Israel and SAN JOSE, Calif. , March 13, 2024 /PRNewswire/ --  DriveNets – a leader in innovative networking solutions – and Infinera (Nasdaq: INFN) – a leading provider of optical connectivity solutions – announced the completion of testing and certification of multiple Infinera ICE-X ZR/ZR+ modules that are tunable, configurable, and manageable by DriveNets Network Cloud software.
03/08 10:00 EST - businesswire.com
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Infinera Corporation (INFN) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Infinera Corporation (“Infinera” or the “Company”) (NASDAQ: INFN) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Infinera investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securitie.