Infinera
INFN

$6.24

0.48%

Market Cap: $1.46B

About: Infinera Corp is a global supplier of networking solutions comprised of networking equipment, software and services. Its portfolio of solutions includes optical transport platforms, converged packet-optical transport platforms, compact modular platforms, optical line systems, coherent optical subsystems, a suite of automation software offerings, and support and professional services. The company's customers include operators of fixed line and mobile networks, including telecommunications service providers, internet content providers, cable providers, wholesale carriers, research and education institutions, large enterprises, utilities and government entities.

Employees: 3,264

Communication Services Telephone & Telegraph Apparatus

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 5 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

50% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]

1% more funds holding

Funds holding: 209 [Q1] → 212 (+3) [Q2]

7% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 42

5% more call options, than puts

Call options by funds: $15.4M | Put options by funds: $14.7M

1% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 68

0% more capital invested

Capital invested by funds: $1.44B [Q1] → $1.44B (+$657K) [Q2]

0.95% less ownership

Funds ownership: 103.41% [Q1] → 102.47% (-0.95%) [Q2]

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Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$6

4%

downside

Avg. target

$6.52

4%

upside

High target

$6.65

7%

upside

5 analyst ratings

1 positive

20%

3 neutral

60%

1 negative

20%

JP Morgan Samik Chatterjee 52% 1-year accuracy 30 / 58 met price target	4%downside $6	Underweight Maintained	6 Aug 2024
B. Riley Securities Dave Kang 63% 1-year accuracy 10 / 16 met price target	7%upside $6.65	Buy Maintained	5 Aug 2024
Rosenblatt Mike Genovese 63% 1-year accuracy 22 / 35 met price target	7%upside $6.65	Neutral Downgraded	5 Aug 2024
Craig-Hallum Christian Schwab 37% 1-year accuracy 11 / 30 met price target	7%upside $6.65	Hold Downgraded	1 Jul 2024
Morgan Stanley Meta Marshall 58% 1-year accuracy 11 / 19 met price target	7%upside $6.65	Equal-Weight Maintained	28 Jun 2024

See Analyst Rankings

Financial journalist opinion

Zacks Investment Research

Infinera (INFN) Reports Q2 Loss, Tops Revenue Estimates

Infinera (INFN) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to break-even earnings per share a year ago.

Infinera (INFN) Reports Q2 Loss, Tops Revenue Estimates

Infinera Corporation Reports Second Quarter 2024 Financial Results

SAN JOSE, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its second quarter ended June 29, 2024.

Infinera Corporation Reports Second Quarter 2024 Financial Results

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates INFN, DM on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / July 3, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Infinera Corporation (NASDAQ:INFN)'s sale to Nokia. For each Infinera share, Infinera shareholders will be able to elect to receive either: 1) $6.65 cash, 2) 1.7896 Nokia shares, or 3) a combination of $4.66 in cash and 0.5355 Nokia shares for each Infinera share.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates INFN, DM on Behalf of Shareholders

SHAREHOLDER ALERT: The M&A Class Action Firm Investigates Merger of Infinera Corporation - INFN

NEW YORK , July 3, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Infinera Corporation (Nasdaq: INFN ), relating to its proposed sale to Nokia Corporation.

SHAREHOLDER ALERT: The M&A Class Action Firm Investigates Merger of Infinera Corporation - INFN

INFINERA INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Infinera Corporation - INFN

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Infinera Corporation (NasdaqGS: INFN) to Nokia Oyj (NYSE: NOK). Under the terms of the proposed transaction, shareholders of Infinera can elect to receive either: 1) $6.65 cash, 2) 1.7896 Nokia shares, or 3) a combination of $4.66 in cash and 0.5355 Nokia shares for each Infinera share they own. KSF is seeking.

INFINERA INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Infinera Corporation - INFN

Zacks Investment Research

Infinera (INFN) to Enhance APRESIA's Access Network Portfolio

By integrating Infinera's (INFN) ICE-X coherent pluggables, APRESIA can offer innovative and cost-effective solutions to meet the growing demands for network capacity at the edge.

Infinera (INFN) to Enhance APRESIA's Access Network Portfolio

Japan's APRESIA Systems Expands Access Network Solutions Portfolio with Integration of Infinera ICE-X Coherent Pluggables

SAN JOSE, Calif., July 01, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today it is expanding its partnership with APRESIA Systems, Ltd. (APRESIA), a Japanese provider of network infrastructure solutions, through the integration of Infinera's software-programmable ICE-X coherent pluggables into APRESIA's portfolio of locally manufactured Layer 2/3 switching and optical transmission products. Infinera's ICE-X coherent pluggables will enable APRESIA to enhance its access network solutions and offer its customers increased operational value, including new revenue-generating services, reduced CapEx and OpEx, and maximized utilization of fiber assets.

Japan's APRESIA Systems Expands Access Network Solutions Portfolio with Integration of Infinera ICE-X Coherent Pluggables

INFN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Infinera Corporation Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Infinera Corporation (NASDAQ: INFN) to Nokia is fair to Infinera shareholders. For each Infinera share, Infinera shareholders will be able to elect to receive either: 1) $6.65 cash, 2) 1.7896 Nokia shares, or 3) a combination of $4.66 in cash and 0.5355 Nokia shares for each Infinera share. Halper Sadeh encourages Infinera shareholders to click here to learn more about their legal righ.

INFN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Infinera Corporation Is Fair to Shareholders

Nokia: Infinera Deal Isn't A Catalyst

Nokia, struggling to generate growth in a tough telecom equipment market, has acquired Infinera in a deal that doesn't move the needle. The optical networking market is only targeted at 5% CAGR, missing out on the booming demand in the AI and data center space. The stock trades at nearly 10x EPS targets with no forecasted growth and the business reliant on merger synergies to boost the 2027 EPS.

Nokia: Infinera Deal Isn't A Catalyst

Correction: Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap

Nokia CorporationInside Information 28 June 2024 at 22:00 EEST Correction: Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap Nokia Corporation corrects its stock exchange release published on 27 June 2024, which concerned the acquisition of Infinera. The original stock exchange release lacked a description of Infinera's historical financial performance and financial position.

Correction: Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap

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