An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of INFN stock https://1investing.in/ can currently be purchased for approximately $4.16. Sign-up to receive the latest news and ratings for Infinera and its competitors with MarketBeat’s FREE daily newsletter. But the two companies provided very different outlooks for the current quarter.

Get this delivered to your inbox, and more info about our products and services. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.

There are currently 2 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts what is pattern is that investors should “moderate buy” INFN shares. High-growth stocks tend to represent the technology, healthcare, and communications sectors.

Seamless network upgrade enables global carrier to meet terabit-scale customer demands and diversity requirements Seamless network upgrade enables global carrier to meet terabit-scale customer demands… 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. Since then, INFN stock has decreased by 38.3% and is now trading at $4.16.

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To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. After submitting your request, you will receive an activation email to the requested email address. You must click the activation link in order to complete your subscription. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

• And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
• On average, they anticipate the company’s share price to reach $6.65 in the next year.
• ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.

According to 5 analysts, the average rating for INFN stock is “Buy.” The 12-month stock price forecast is $6.65, which is an increase of 54.11% from the latest price. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. Infinera updated its third quarter 2023 earnings guidance on Thursday, August, 10th.

Infinera to Announce Fiscal First Quarter 2023 Financial Results on May 3, 2023

Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The scores are based on the trading styles of Value, Growth, and Momentum.

The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.

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Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 4 Wall Street research analysts have issued twelve-month price objectives for Infinera’s stock. Their INFN share price forecasts range from $4.60 to $10.00.

Actual results may vary materially from these expectations as a result of various risks and uncertainties. These reports are available on Infinera’s website at and the SEC’s website at Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies and can be identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or similar words. Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.

Infinera Corp , a U.S. manufacturer of semiconductors for the telecommunications industry that competes with China’s Huawei, is exploring options that include a sale of the company, according to a per… The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

Infinera Achieves 61.3 Tbps Data Transmission on Simulated 1,240 Kilometer Telstra InfraCo Intercity Link

Data may be intentionally delayed pursuant to supplier requirements. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

To see all exchange delays and terms of use please see Barchart’s disclaimer. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. INFN’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Shares of Infinera Corp. are down nearly 3% in Monday morning trading after J.P. Morgan’s Samik Chatterjee downgraded the stock to underweight from neutral. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. 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.

This Company’s Net Q2 Revenue was 50% higher than its $42 Million Market Cap

It markets and sells its products and related support services primarily through its direct sales force. Infinera Corporation was incorporated in 2000 and is headquartered in San Jose, California. Infinera Corp is a global supplier of networking solutions comprised of networking equipment, software and services.

There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

Morningstar‘s Stock Analysis INFN

The company provided earnings per share (EPS) guidance of -$0.06-$0.02 for the period, compared to the consensus estimate of $0.06. The company issued revenue guidance of $361.00 million-$391.00 million, compared to the consensus revenue estimate of $426.67 million. Juniper Networks Inc. shares are off more than 3% in premarket trading Monday after Citi Research analyst Jim Suva downgraded the stock to sell from neutral. “We have picked up recent competitive share gains by Arista and… Networking firm Infinera Corp.’s shares sank more than 10% in after-hours trading Tuesday after the company reported larger quarterly losses than expected amid the COVID-19 pandemic.

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INFN’s historical performance
against its industry peers and the overall market. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.